Spot market prices for electricity have been breaking all records, as European leaders and their ministers intensify their discussions on how to deal with the crisis. Simon Göss at cr.hub, writing for Energy Brainpool, starts by explaining how the markets work, noting that price rises are indeed being driven by fossil prices and not CO2 certificates. Göss looks at how prices have climbed in Germany, France, the Baltics and Spain, and how the … [Read more...]
Can China’s 14th 5-year-plan for Renewable Energy deliver an early emissions peak before 2030?
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...]
Energy security concerns are building momentum for Nuclear
The IEA’s latest report on nuclear power recommends a doubling of capacity by 2050. It emphasises that, though many advanced economies are planning a decline, 32 nations have nuclear today and reactors are now under construction in 19 countries. It’s evidence of a momentum behind nuclear power that should be further stimulated by recent spikes in oil, gas and electricity prices, says the IEA. Russia and China remain nuclear advocates, which … [Read more...]
Deep Geothermal: accessing 500°C for steam turbines. Can it make coal, gas, nuclear redundant?
The concept of “deep geothermal” is very simple. Dig deep enough, like 20km, to access a permanent reservoir of 500°C of heat. There, you generate the steam to power your turbines. The digging of a stable hole and getting the steam to the turbine is the big engineering challenge. But if you find a way that allows you to do it anywhere in the world (i.e. not limiting yourself to existing geological formations), nobody will ever need other … [Read more...]
Russia-Ukraine: modelling the consequences for the European electricity market to 2050
Alex Schmitt, Christoph Kellermann, Calvin Triems and Huangluolun Zhou at Energy Brainpool have used their modelling tools to update their predictions of how the European electricity market will develop over the next 30 years, given a target of 99% emission-free generation in 2050. Projections are made on generation (mix and volumes) and price. The big change from their last predictions is the Russia-Ukraine war and Europe’s determination to ramp … [Read more...]
Electricity markets with high shares of Wind and Solar will need Nuclear
When electricity markets have high shares of wind and solar – the goal of many regions around the world – is it more efficient to build a nuclear power plant instead of investing further in more renewable capacity? The answer is yes, according to a study by Machiel Mulder, Xinyu Li and Arjen Veenstra at the University of Groningen. In essence, it’s because nuclear benefits from the high (scarcity) prices when there’s little wind or sunshine. Here … [Read more...]
Post-war Ukraine needs energy independence, decarbonisation and EU cooperation
Energy independence is a choice for some countries. For Ukraine it is a life-or-death necessity, says Andriy Konechenkov, VP of the World Wind Energy Association and Chairman of the Ukrainian Wind Energy Association, in this op-ed. The Russian invasion has exposed the vulnerability of Ukraine’s current energy system. Many of its fossil-fuelled power plants are near the Russian border, exposing them to disruption by the invading neighbour. The … [Read more...]
What can replace Russian gas: modelling Germany’s options on renewables, coal, nuclear, LNG, lowering thermostats
A sudden cut in Russian gas imports means Germany will have to cope with the loss of TWhs. How? Tobias Federico at Energy Brainpool wants decision-makers to get the facts straight. He uses modelling tools to answer this question that is causing fierce debate. The first thing to note is that the loss of gas TWhs (of the order of 100TWh) will be most felt in the provision of heat over winter. Heating systems mostly depends on gas, so intermittent … [Read more...]
Russia-Ukraine and Europe’s energy strategy: a snapshot of a fast-moving crisis
Every day brings news of how Europe’s energy policy is reacting to Russia’s invasion of Ukraine. It’s a big topic and fast moving. Helen Farrell gives a summary of the situation so far. She lists some of the major U-turns at both EU and national levels, the IEA’s ten-point recommendations, the feasibility and repercussions of cutting Russian fossil imports, the prospects for clean energy (solar, wind, nuclear, storage) and our net zero targets. … [Read more...]
Energy Charter Treaty: four ways to amend it and enable green investments
The European Green Deal (EGD) aims to mobilise at least €1 trillion in sustainable investments over the next decade. But the Energy Charter Treaty (ECT) in its current form - designed to protect cross-border investments, enabling those whose energy projects have been shut down to sue nations – is causing fierce debate. The ECT protects all investment alike, but the result has been fossil (and nuclear) investors suing nations that have curtailed … [Read more...]
Russia-Ukraine crisis: reforming the EU ETS is a matter of energy security, says PGE
European leaders are now rushing to make decisions on how to drastically cut dependence on Russian fossil energy imports. Russia’s invasion of Ukraine has exposed Europe’s energy security vulnerabilities like nothing else could have. It also means Europe’s clean energy transition will need an overhaul, and a newly designed optimal pathway created, and fast. Wojciech DÄ…browski, President at PGE Polska Grupa Energetyczna, explains that it must also … [Read more...]
Reducing Europe’s dependence on Russian Oil and Gas: immediate, short and long term strategy
Atlantic Council Global Energy Center experts and associates offer their template for drastically reducing Europe’s dependence on Russian oil and gas. It’s broken down into immediate, short (one to three years) and long term (beyond three years) actions. It’s wide-ranging and comprehensive. Some actions are already in play, including maximising gas storage, ready for next winter. Some are the ramping up of existing plans (clean energy, … [Read more...]
Getting Concentrated Solar Power (CSP) down to $0.05 per kWh
The U.S. Department of Energy is funding research to get the cost of Concentrated Solar Power (CSP) down to $0.05 per kWh. One key element of that research is the materials used to absorb and store the heat energy. Three categories of materials are being looked at: liquid (i.e. molten salt), particle (like sand), and gaseous. NREL is leading the molten salt research, and there are multiple challenges. The salts can corrode the storage tanks and … [Read more...]
EU Taxonomy: why nations are backing Nuclear and Gas
The heated debates over the potential inclusion of nuclear power and natural gas in the EU taxonomy has again exposed the different interests of EU nations. Simon Göss at cr.hub, writing for Energy Brainpool, explains what parameters the EU taxonomy controls, what conditions are attached should the two technologies be classified as sustainable, as well as summarising those national interests and constraints. Critics say neither should be … [Read more...]
Energy Post Quiz 2021: ANSWERS
Hope you all had fun with the Energy Post Quiz, published before the Christmas break. Here are the answers. There are ten questions, both entertaining and insightful. The answers could all be found in articles that appeared here during 2021, and we give you the links to them. During 2021 Energy Post had another strong year in terms of number of debates hosted, event attendance, and readership for our articles: our readership grew by … [Read more...]
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