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Though the price shocks hurt, Renewables installed between 2021-23 saved Europe €100bn

September 18, 2023 by Joe Myers

According to the IEA, without the solar and wind capacity additions made in 2021-23 Europe’s energy costs would have been €100bn higher in those three years, as prices spiked due to Russia’s invasion of Ukraine and the unexpected drop in output from nuclear and hydro. That money saved is another reason why the ramp up of renewables is so important, explains Joe Myers writing for the World Economic Forum who summarises the IEA data. Natural gas … [Read more...]

Filed Under: Energy, Renewables Tagged With: costs, EU, Europe, geopolitics, hydro, Nuclear, prices, Russia, solar, Ukraine, wind

Spain: as Renewables rise, managing supply and demand is the next challenge

September 12, 2023 by Claudia Alemañy Castilla

In May this year Spain reached a landmark day when it was powered 100% by renewables - solar, wind and hydroelectric power - from ten o'clock in the morning until seven o'clock in the evening. In four years the share of renewable energy generation rose from 37% to 50%, while non-renewables dropped from 62% to 49%. Its draft Law on Climate Change and Energy Transition targets 35% of renewable energy in final consumption by 2030 and 100% in the … [Read more...]

Filed Under: Energy, Grids Tagged With: demand, ebalanceplus, efficiency, flexibility, grids, hydro, innovation, ReDREAM, renewables, smart, solar, spain, supply, wind

Record clean-power growth in 2023: is Coal and Gas decline now structurally embedded?

May 5, 2023 by Josh Gabbatiss

Last year, wind and solar reached a record 12% of global electricity generation, according to think tank Ember’s latest global electricity review. The overall share of all forms of low-carbon electricity rose to almost 40% of total generation. Josh Gabbatiss at Carbon Brief goes through the Ember review which heralds this as the moment fossils began their permanent decline. Ember calls it “structural” and “enduring” because previous declines only … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Renewables Tagged With: China, coal, electricity, Europe, fossils, gas, hydro, IRA, Nuclear, power, REPowerEU, solar, US, wind

Wind and Solar generated record 20% of EU electricity in 2022. More than gas, nuclear, hydro, coal

February 3, 2023 by Daisy Dunne

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, that’s a record one-fifth of the EU’s electricity last year. We can thank the “triple crisis” of Russian gas cuts, the 500-year record drought’s effect on hydro, and the unexpected French nuclear shutdowns for the renewed drive for wind and solar. … [Read more...]

Filed Under: Energy, Renewables Tagged With: coal, demand, drought, electricity, gas, hydro, Nuclear, Russia, solar, wind

How to tax renewable energy firms for windfall profits from high wholesale electricity prices

January 9, 2023 by IEA

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 Russia’s 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 hasn’t) made extraordinary profits, and how much. Up front they say this is difficult to do as the majority of installed renewable … [Read more...]

Filed Under: Energy, Renewables Tagged With: CFD, electricity, Europe, FIP, FIT, Greece, Hungary, hydro, IEA, investment, Italy, profits, renewables, Romania, Russia, solar, spain, taxes, Ukraine, wind, windfall

Electrochemical CO2 removal: efficient, cheaper, first industrial client

October 5, 2022 by Leda Zimmerman

Leda Zimmerman at MIT describes a method of removing CO2 electrochemically, now being taken forward by MIT spin-off company Verdox. Electrodes are coated with polyanthraquinone. When it is charged, CO2 sticks to it. When it’s time to store it away, the charge is reversed and the gas is expelled as a pure stream of CO2. The technology works in a wide range of CO2 concentrations, from the 20% or higher found in cement and steel industry exhaust … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: aluminium, CCS, CCUS, CDR, cement, CO2, electrochemical, emissions, hydro, NorskHydro, polyanthraquinone, steel, Verdox

Reactor shutdowns in Nuclear-dependent France expose the need for a diversified mix of Renewables

September 14, 2022 by Frank Bass

Events are showing that a nation’s heavy reliance on a single source of energy is unwise. It’s not just gas. The heatwave is causing problems for France’s nuclear fleet, where the use of water for cooling has had to be restricted. All compounded by routine and unexpected maintenance shutdowns. As nuclear typically delivers well over 60% of its power, and also made it Europe’s biggest power exporter (until now), France is feeling the consequences. … [Read more...]

Filed Under: Energy, Nuclear Tagged With: electricity, exports, France, heatwave, hydro, Nuclear, power, Sweden, wind

Can China’s 14th 5-year-plan for Renewable Energy deliver an early emissions peak before 2030?

July 28, 2022 by Hu Min

At the beginning of June China released its 14th five-year plan (FYP) for renewable energy for the five years 2021-2025. Hu Min at Innovative Green Development Program, writing for Carbon Brief, reviews the plan’s targets and actions, and its implications. Unchanged from the 13th FYP, 25% of China’s energy will come from non-fossil sources by 2030. But the 14th FYP says at least half of the increase in electricity demand will be covered by … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, electricity, emissions, hydro, netzero, Nuclear, renewables, solar, storage, wind

Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience

May 13, 2022 by IEA

Despite – or perhaps because of – global market and political turmoil, renewable power is set to break another record in 2022. That’s after 2021 also saw record new capacity from solar, wind and other renewables worldwide. It’s mainly driven by solar PV in China and Europe as governments around the world take advantage of renewables’ energy security and climate benefits, according to the IEA’s latest Renewable Energy Market Update. 295GW of new … [Read more...]

Filed Under: Energy, Renewables Tagged With: biofuels, China, distributed, EU, Europe, hydro, IEA, India, LatinAmerica, policies, renewables, Russia, security, solar, US, wind

China’s impressive growth in Renewables and Transmission now needs Market innovation

May 12, 2022 by Simon Göss

***REGISTER NOW for CHINA: Carbon Neutral by 2060 - INNOVATION*** - China has the world’s largest power plant fleet for both coal and renewables. Together they make up most of the total power capacity of over 2,200 GW... STOP PRESS: China's Transition is the biggest single opportunity for managing climate change and also for those businesses who are ready with the innovations that will ensure the best possible outomes in an incredibly … [Read more...]

Filed Under: Energy, Events, Innovations Tagged With: China, coal, electricity, EU, grids, hydro, innovation, markets, renewables, solar, Transmission, UHV, wind

Surging U.S. renewables on track to take 30% market share by 2026

October 19, 2021 by Dennis Wamsted and Seth Feaster

While the U.S. Congress debates whether backing the transition is a winning strategy, the energy sector is clearly showing the nation’s direction of travel. Dennis Wamsted and Seth Feaster at IEEFA look at the impressive growth of the clean energy champions, wind and solar. Since 2019, wind and utility-scale solar generation has risen by 76 TWh — a 31% increase — while coal and gas has fallen by 1.6%. By 2026, wind and utility-scale solar will … [Read more...]

Filed Under: Energy, Renewables Tagged With: coal, electricity, gas, grids, hydro, renewables, rooftop, solar, transition, US, wind

How to grow grid-scale U.S. Battery capacity to 125GW (or even 680GW) by 2050

June 24, 2021 by NREL

Grid-Scale U.S. storage capacity could reach 125GW by 2050, or even as much as 680GW, according to research from NREL. Almost all today, under 25GW, comes from pumped hydro which has probably reached its limit so the future is batteries. Growth depends on commercial viability, so the research led by NREL has modelled what services storage can supply, the main three being firm capacity, energy time-shifting and operating reserves. The sets of … [Read more...]

Filed Under: Energy, Storage Tagged With: batteries, commercialisation, hydro, scenarios, solar, storage, US

China’s energy system: record renewables expansion, but coal still dominates

June 21, 2021 by Lara Dombrowski and Simon Göss

Lara Dombrowski and Simon Göss at Energy Brainpool give the latest headline figures for China’s energy system. In 2020 electricity generation in China went up by 298 TWh – an increase equal to 60% of Germany’s total. That year, renewables capacity increased more than ever before. That made China responsible for nearly 50% of global renewable capacity additions. But China has higher CO2 emissions than all the OECD countries combined. And continued … [Read more...]

Filed Under: Energy Tagged With: China, coal, electricity, ETS, EVs, hydro, Nuclear, power, solar, wind

What patents tell us: which countries, what sectors, are the clean energy innovators?

May 31, 2021 by Sean Fleming

Today’s solutions cannot give us a successful transition on their own. That’s why the innovations coming down the pipeline are so important. One way to measure what, and who, is innovating is to look at the number of patents being filed for low carbon energy (LCE), explains Sean Fleming writing for the World Economic Forum. He summarises the latest report from the European Patent Office and the IEA, “Patents and the energy transition: Global … [Read more...]

Filed Under: Energy, Innovations Tagged With: batteries, CCUS, China, EU, Europe, EVs, geothermal, hydro, hydrogen, innovation, Japan, patents, SKorea, smart grids, solar, US, wind

Nuclear-Wind hybrid plants for grid stability, Power-to-X and more

January 6, 2021 by NREL

How would you use a nuclear-wind hybrid plant and maximise its potential? When intermittent wind’s output falls, nuclear can step in to feed the grid. When it’s not doing that it can use its power to run the production of a wide range of commodities: from biofuels, hydrogen, pumped hydro to wastewater purification, desalination, chemical manufacturing and more – including straightforward thermal power for industry. In collaboration with NREL, the … [Read more...]

Filed Under: Energy, Nuclear, Renewables Tagged With: biofuels, chemicals, desalination, gas, grids, hydro, hydrogen, industry, JISEA, Nuclear, regulations, renewables, storage, thermal, wastewater, wind

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      Recent Posts

      Oil & Gas business is fatally flawed: Russia-Ukraine only delayed the relentless decline in prices

      Space-Based Solar Power: getting closer as SpaceX and Blue Origin bring down the cost of heavy-lift launches?

      U.S. Inflation Reduction Act: one year on, a summary of impressive progress in the energy transition

      Though the price shocks hurt, Renewables installed between 2021-23 saved Europe €100bn

      Germany plans for Carbon Capture in Industry: emissions, potentials, costs

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