Major battery manufacturing projects earmarked for Europe are now looking to site themselves in the U.S. to take advantage of its IRA subsidies, according to a new report by T&E. It says over two-thirds of lithium-ion battery production planned for Europe â a pipeline potential of 1.8 TWh - is now at risk of being delayed, scaled down or cancelled. The nations most at risk of losing the business are Germany, Hungary, Spain, Italy, the UK and … [Read more...]
ReDREAM: Horizon-backed project gives consumers control of local renewables, prices and demand
The ReDREAM project, funded by EU Horizon 2020, wants to put consumers at the centre of the energy market. As Steve Gillman explains, people and businesses can shape their supply and demand by owning local renewable generation and combining that with smart systems that give visibility of prices and generation to enable control of demand, right down to the level of heat pumps, washing machines, hot water systems and EVs. A 30-household pilot is … [Read more...]
Electricity Market Design: how can reforms accelerate the transition and help cut energy prices?
*** REGISTER NOW *** for our online panel discussion on Friday 24th March 09:30-10:45 CET, âElectricity Market Design: how can reforms accelerate the transition and help cut energy prices?â Our panellists are Catharina Sikow-Magny, Director, DG ENER; Wanda Buk, Vice-President for Regulatory Affairs, PGE; Leonardo Meeus, Director of the Florence School of Regulation; JĂ©rĂŽme Le Page, Director for European Electricity Markets, EFET; Michaela … [Read more...]
The U.S. needs a plan to transfer electricity long distance between regions, like Europe and China
In the U.S. several hundred thousand miles of power lines connect thousands of electric generators. But whereas Europe and China, at a similar scale, have continental-scale grid development plans, the U.S. does not. Its grid is highly fragmented and consists of not one, but three separate power grids that are almost completely isolated from one another. It has twelve different transmission planning regions that must coordinate much better to cope … [Read more...]
Wind and Solar generated record 20% of EU electricity in 2022. More than gas, nuclear, hydro, coal
Now 2022 is over, the figures are in for all the main electricity generation types. For the first time ever, wind and solar delivered more electricity in 2022 than gas, nuclear, hydro or coal. In total, thatâs a record one-fifth of the EUâs electricity last year. We can thank the âtriple crisisâ of Russian gas cuts, the 500-year record droughtâs effect on hydro, and the unexpected French nuclear shutdowns for the renewed drive for wind and solar. … [Read more...]
Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks
Financial Transmission Rights (FTRs) help generators and load-serving entities hedge congestion-related risk. Transmission congestion causes a divergence between wholesale power prices where it is generated and the trading hubs where it is delivered and sold. Because the congestion, and therefore the risk, varies over time it is particularly important to variable renewables. That uncertainty increases investor risk which potentially slows … [Read more...]
The U.S. should support the EUâs Carbon Border Adjustment Mechanism (CBAM)
The U.S. should get behind Europeâs Carbon Border Adjustment Mechanism (CBAM), says Joseph Majkut at the Center for Strategic and International Studies. Under the EUâs newest agreement, anyone importing CBAM-listed goods into Europe will have to report the emissions associated with their products starting in October, and ultimately face tariffs if those emissions exceed those of the equivalent products made in the EU. The current list is iron and … [Read more...]
Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR
The U.S. state of Utah is processing an agreement for a new Small Modular Reactor (SMR) to provide baseline and dispatchable power. The SMR bid quotes a price of $89/MWh. But cost overruns will tie the stateâs consumers to whatever high prices entail, says Dennis Wamsted at IEEFA. Now a geothermal bid from NV Energy has been presented that offers the same capacity at around $70/MWh. Wamsted explains why the 140MW geothermal project would meet … [Read more...]
What’s stopping even bigger Wind Turbines? Blade speed and flexing? More likely manufacturing and installation capacity
Bigger wind turbines make cheaper energy. The sectorâs unexpectedly rapid successes in designing and building bigger and bigger turbines has been one of the major success stories of the clean energy sector. In 2023, the biggest turbines in the world will start generating electricity off the coast of the UK. Each of General Electricâs Haliade X turbines stands 260m high from sea level and can generate 13MW at under ÂŁ50/MWh (âŹ56/$61). But how big … [Read more...]
EU ETS and CBAM: what the big update to emissions trading rules means for Europeâs key sectors
The EUâs Emissions Trading Scheme is a vital part of the regionâs decarbonisation plans. Simon Göss at carboneer digs into the new rules coming in for the existing EU ETS, and the implementation of the new carbon border adjustment mechanism (CBAM). Right now, the existing EU ETS covers around 40% of the EUâs emissions (energy sector, industrial installations and aviation). Its scope is being extended to include maritime transport. On top of that, … [Read more...]
How to tax renewable energy firms for windfall profits from high wholesale electricity prices
Should windfall taxes be imposed on renewable energy firms that have benefitted from the current high electricity prices caused by the increases in oil, gas and coal prices triggered by Russiaâs invasion of Ukraine? If so, how, and how much? The IEA has conducted a study of the EU to try to uncover who has (and hasnât) made extraordinary profits, and how much. Up front they say this is difficult to do as the majority of installed renewable … [Read more...]
Laser-driven Nuclear fusion achieves âignitionâ: lab gets more energy out than in
Though nuclear fusion serving the grid is surely still decades away, it has got one important step closer, explains John Pasley at the University of York. For the first time, in the U.S. the Lawrence Livermore National Laboratory achieved âignitionâ for laser driven fusion. That means more energy was taken out, by a factor of 1.5, than put in. However, the two million Joules of laser light fired at the fuel pellets needed 300 million Joules to … [Read more...]
Russia, fossil prices, energy security will boost Renewables to 38% of global power mix by 2027, says IEA
The IEA has raised its 2027 forecasts for total renewables additions in its main scenario to 2,383GW â around the total power capacity of China. Thatâs a 28% increase on the previous estimate and up 76% from two years ago, explains Josh Gabbatiss at Carbon Brief who summarises the IEAâs latest forecasts. Globally, solar power will overtake gas by installed capacity in 2026 and coal in 2027. There are two main drivers for this acceleration. High … [Read more...]
Chinaâs electricity market design should choose from successes in Europe, UK, Australia, USA
China has made substantial initial progress in its electricity market reform, but it still faces an uphill struggle in promoting the consumption of renewables, resource allocation across provinces and regions, and unlocking demand side potential. To help choose the best solutions China could do well to look at the âHandbook on Electricity Marketsâ, says Daisy Chi at ECECP. The 600-page book looks at the current state of power markets around the … [Read more...]
EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more
Alex Schmitt and Huangluolun Zhou at Energy Brainpool present a summary of their âEU Energy Outlook 2060â. Its scenarios map out how the European (EU 27, UK, Switzerland and Norway) energy system will change dramatically in the coming decades. Current geopolitical tensions are added to climate mitigation and an outdated power plant fleet as the main drivers of change at the EU and national levels. The in-depth modelling is trying to answer the … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 18
- Next Page »
![](https://energypost.eu/wp-content/themes/dynamik-gen/images/content-filler.png)