Press Release

Biomass Power Market - Upcoming Energy Projects in 2025

Triton Market Research estimates that the global biomass power market is likely to grow with a CAGR of 6.50% in the forecast period 2024-2032.

As a renewable energy source, biomass power reduces greenhouse gas emissions and dependence on fossil fuels. Biomass power plants offer versatile energy solutions, integrating seamlessly into existing systems to enhance energy security and diversify the energy mix.


Upcoming Biomass Power Plant Projects:

1.     Advancing Renewable Fuels for a Climate-Neutral Europe

The Horizon Europe-funded BUTTERFLY (Biomass Utilized To The Extended Portfolio of Renewable Fuels with Large Yields) project aims to develop innovative and efficient methods for producing advanced biofuels and renewable fuels (rDME and SNG) from waste and residual feedstock. These fuels will have diverse applications in marine and heavy-duty transport, the steel industry, and off-grid energy supply.

2.     Renova’s 75-MW Biomass Plant in Japan

Japan-based renewable energy company Renova is on track to launch a 75-megawatt (MW) biomass power plant in March 2025. This facility is part of Japan’s broader efforts to expand its renewable energy portfolio and reduce its reliance on fossil fuels. The plant will utilize sustainably sourced biomass materials, contributing to the country’s carbon reduction targets and promoting energy security.

3.     Boosting Sustainability with a New Biomass Power Plant

Boehringer Ingelheim’s new biomass power plant in Ingelheim reduces site CO2 emissions by 70%, saving 50,000 tons annually. With a €205 million investment, 95% of the site’s energy needs will be met from renewable sources, optimizing sustainability and energy efficiency.

Asia-Pacific to be the Fastest Growing Region in the Biomass Power Market

Factors such as industrialization, urbanization, and economic development are fueling the shift toward sustainable energy solutions in the APAC region. Biomass power is gaining traction for its role in reducing greenhouse gas emissions, improving energy security, and promoting rural development. Advancements in conversion technologies and infrastructure investments are expected to accelerate market expansion in the near future.

Key Contenders in the Biomass Power Market:

Acciona Sa, Ameresco Inc, Babcock & Wilcox Enterprises Inc, Cemex Sab De Cv, Drax Group Plc, Enel Green Power SpA, Envitec Biogas Ag, Enviva Inc, General Electric Company, Hitachi Zosen Corporation, and Mitsubishi Heavy Industries Ltd.

Get the latest insights on the biomass power market and get a sample report here: https://www.tritonmarketresearch.com/reports/biomass-power-market

Trending News

Telecom API Market - What drives its demand in coming years?..

Triton Market Research estimates that the global telecom API market is likely to g..

Key Players Leading the Eyelid Surgery Blepharoplasty Market..

The global eyelid surgery blepharoplasty market is likely to grow with a CAGR of 6..

Global Rodent Control Market - Regional Trends in 2024..

The global rodent control market is estimated to grow with a CAGR of 6.94%, during..

view all