Organic Rankine Cycle (ORC) Market Analysis

In terms of power output, the ≤ 1 MWe ORC systems accounted for around 23% of the global organic rankine cycle market share in 2022. These ORC systems do not produce any additional emissions while generating power compared to their high megawatt electrical output counterparts, which is encouraging frequent adoption of ≤ 1 Mwe organic Rankine cycle systems. For instance, in 2022, Padd Energy, a UK-based power generation company, opened a new 1MW woodburning CHP at a manufacturing facility in North Wale that uses ORC to produce 1Mwe of electrical power.
 

North America organic rankine cycle market held an installed capacity of 1.4 GW in 2022 as a result of national renewable energy goals combined with redundancy for the expansion of conventional electrical networks. In July 2022, the U.S. Department of Energy under the Biden-Harris Administration launched a new set of Solar Initiatives to reduce electricity bills and open clean energy employment opportunities. This program was aided with about USD 10 million funded under the Bipartisan Infrastructural Law to propel the solar energy sector.