Biomass Power Generation Market

ENGIE (France), Xcel Energy Inc. (US) and EPH (Czechia) are leading players in Biomass Power Generation Market

The global biomass power generation market is projected to reach USD 105.7 billion by 2028 from an estimated USD 91.3 billion in 2023, at a CAGR of 3.0% during the forecast period. Factors such as the need of electrification in rural areas and investments in renewable energy projects are driving the growth of the biomass power generations market.

The biomass power generation market is served by many international players with global operational presence and local players with a strong domestic supply network. ENGIE (France), Xcel Energy Inc. (US), Babcock & Wilcox Enterprises, Inc. (US), EPH (Czechia), and Ørsted A/S (Denmark) are the market leaders in the global biomass power generation market. These companies use strategies such as contracts, agreements, partnerships, acquisitions, and expansions to increase their market share.

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ENGIE is a global industrial company in low-carbon energy and services businesses. The company operates in energy transition, electric generation, renewable energy, and natural gas fields through seven segments: Supply, Energy Solutions, Thermal, Networks, Renewables, Nuclear, and Others.

The Renewables segment generates wind energy, biomass, biogas, green hydrogen, and hydropower. ENGIE has converted its conventional coal plant into a biomass power plant. This plant, named Max Green Biomass power plant, is located in Rodenhuize, Belgium, and has a biomass capacity of 205 MW. It is one of the largest green electricity generation facilities in Belgium.

ENGIE has a presence in 27 countries in Europe and 48 countries worldwide. Engie has a solid foundation in France and Rest of Europe for renewable energies.

Xcel Energy Inc. is a major US-based electric and natural gas company. The company is majorly involved in wholesale commodity services and trading operations. The company operates through three segments: Electric, Natural Gas, and Other.

The Electric segment generates, transmits, and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico. This division also offers resale sales and wholesale transmission services to various entities in the US. The company currently owns four biomass co-firing power plants. The plants use a mixture of biomass, coal, and oil as fuel for power generation. The company also develops biomass conversion technology in collaboration with various companies.

Xcel Energy Inc. operates in eight states and provides a comprehensive portfolio of energy-related products and services.

Energetick a prmyslov holding (EPH) is a leading Central European energy group with assets in the Czech Republic, Slovakia, Germany, Italy, Ireland, the UK, France, and Switzerland. EPH operates through three segments: EPIF Group, EPPE Group, and EPH Others.

EPIF Group is a vertically integrated energy utility that provides services across the whole value chain, including highly efficient cogeneration, power and heat generation, natural gas transmission, gas storage, and distribution and supply of gas, heat, and electricity. Trading and logistics platforms, gas infrastructure management, and real estate development are also included in the scope. EPH has acquired a small-scale power utility that runs on renewable resources such as solar, wind, and biomass.

Related Reports:

Biomass Power Generation Market by Technology (Combustion, Gasification, Anaerobic Digestion, Pyrolysis), Feedstock (Agricultural Waste, Forest Waste, Animal Waste, Municipal Waste), Fuel (Solid, Liquid, Gaseous) and Region - Global Forecast to 2028

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Biomass Power Generation Market Size,  Share & Growth Report
Report Code
EP 8606
RI Published ON
3/30/2023
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