Addressing Challenges and Trends in the Energy Generation Market

Climate Change

MARKET CHALLENGE

Lower greenhouse gas emissions

Producing power with lower emissions

Climate change affects the energy industry. Global warming due to increased greenhouse gas emissions puts CO2 emissions under enormous pressure. In many countries, these emissions are taxed or priced more heavily. NEM addresses this challenge by offering Zero CO₂ energy generation products.

Air Quality

MARKET CHALLENGE

Emission-free

Cleaning exhaust gases from Nitrogen Oxide pollutants

A major source of air pollution is strongly related to NOx emissions, not a greenhouse gas, but still detrimental to the environment. NEM addresses the challenge of air pollution by developing technologies that clean the exhaust gas stream of power plants from NOx and CO emissions, contributing to a cleaner atmosphere.

Increased Efficiency

MARKET CHALLENGE

Lower LCoE

Providing affordable electricity with high efficiency

NEM improves energy efficiency in two ways: by making existing power plants more efficient through upgrading and improving the plant’s heat transfer capabilities, and by increasing the heat transfer rates in new power plants by dealing with higher temperatures and pressures to achieve higher outputs.

Plant Reliability and Flexibility

MARKET CHALLENGE

Reliable power

Allowing the growth of renewables through reliable power supply

The transition from fossil fuels to clean energy requires power plants to operate with greater flexibility. Wind and solar energy are less consistently available due to weather fluctuations. NEM offers flexible, dependable solutions for consistent energy delivery and supports a stable grid during renewable fluctuations

Changing Fuel Type

MARKET TREND

Increase in gas consumption

Increasing the use of gas-fired power plants as a transition

Moving from coal-fired power generation to natural gas allows operators to use existing infrastructure and have a more sustainable future, as natural gas can be mixed or eventually be replaced by hydrogen gas. NEM is involved in various projects where a roadmap to a cleaner fuel is in place.

Increase in Electricity Demand

MARKET TREND

Increase in generation

Increased global energy demand necessities

Global electricity demand is growing due to economic development, population increase, and expanding technologies like AI and microchips. Meeting this demand sustainably requires more efficient power plants. NEM supports this shift by contributing solutions that enhance plant efficiency and performance.

Increased focus on Heat Usage

MARKET TREND

Heat usage

Using residual process heat directly for heating consumption

Heat accounts for half of global energy use and is essential for industry and district heating. Decarbonizing heat is crucial for climate goals. With experience in thermal energy systems, we play a key role in enabling more efficient heat solutions, such as combining electricity and heat supply in one efficient plant.