Uncertain Energy Security Drives Exploration of Alternative Energy Technologies, Says Frost & Sullivan

SAAEA 21 November 2012.

Industries should weigh cost benefits of various alternatives to grid connections

CAPE TOWN – 21 November, 2012 – South Africa is currently caught in the middle of an energy balancing act, where reserve margins are low, compared to the global recommended level of 15%. This low margin is due to energy supply not meeting energy demand. The situation of uncertain energy security is driving industry to find alternative energy sources, to maintain and enhance competitiveness.

New analysis from Frost & Sullivan (http://www.energy.frost.com), Technology and Cost Comparison for Various Energy Types in South Africa, finds that the renewable energy landscape, specifically wind turbine and solar photovoltaic (PV) technologies, are becoming more affordable when compared to rising fossil fuel costs. Generators are also playing an increasing role in the advancement of energy security, especially for smaller- and medium-sized industries…

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