Hydropower Outlook 2016: Exploring the Water-Energy Nexus and Energy Storage

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iconOEF REVIEW:According to latest figures from the International Hydropower Association (IHA), the 1,036 GW of hydropower capacity generated over 16 percent of global electricity production in 2014. Looking to the year ahead, IHA identified several trends driving hydropower build-out. Prominent on the list is hydropower’s ability to function as a grid management asset: delivering base- and peak-load energy, frequency response and black-start capabilities. These solutions are recognized as critical to facilitate a successful transition to renewable energy. A second trend fostering steady investment is modernization, uprating, and conversion of existing plants in efforts to secure more efficient and sustainable operations. A third driver motivating fresh momentum for hydropower stems from ancillary hydropower functions that can assist nations in adapting to climate change: providing freshwater for irrigation, drought management and flood protection solutions.