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The Thermal Power market is a sector of the Fossil Fuels industry that focuses on the production of electricity from heat. This is achieved through the burning of coal, natural gas, and other combustible materials. The heat generated is used to power a turbine, which in turn generates electricity. Thermal Power plants are the most common source of electricity in the world, and are used to meet the energy needs of both residential and commercial customers.
The Thermal Power market is highly regulated, with governments setting standards for emissions and safety. This has led to the development of more efficient and cleaner technologies, such as combined cycle plants and carbon capture and storage.
Notable companies in the Thermal Power market include Duke Energy, NRG Energy, and Exelon Corporation. Show Less Read more