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Existing Hydro Installed Base –Already Integrating Intermittent Renewables – But at what cost?

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2

Renewables are mainstream power generation

Projected generation mix (’17-’26)

~300 GW/y

2%

19%

11%

4%9%

20%

2%

30%

3%

Renewables 64% of new global capacity over next 10 years

FOSSIL STEAM

NUCLEAR

GT PLANTS

OTHER REN

GAS ENGINES BATTERY

SOLAR

HYDRO

WIND

Source: GE, BNEF, IEA, NWPP © 2018 General Electric Company. Proprietary. All Rights Reserved.

Declining subsidies, more auctions, aggressive RPS, competition with solar

Resource planning by state driving generation change

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Through the plant cycling issues