Access to the grid-balancing market is competitive and carefully regulated. Green electricity from distributed and behind-the-meter renewable assets is already being traded on wholesale and balancing markets. The assets come in all shapes and sizes: roof-top solar, farmyard biofuel installations, EV and home battery systems, community energy projects, wind installations and heat pumps to name but a few. When they are pooled, by aggregators, they … [Read more...]
Green Oil: second wave of investment in low-carbon assets is substantial but hardly tidal
Oil majors are under significant pressure from investors to develop climate-friendly business areas but less than 1.5% of their combined investment budgets is expected to go into low-carbon assets globally this year. However, 70% of that is set to come from European oil companies who are reacting positively to market signals by participating in coordinated industry schemes designed to help meet Paris targets. Here is an overview of some of the … [Read more...]
Analysis: BP’s outlook for fossil fuels could be undermined by slowing energy demand
BP’s latest projections, released last week, once again concede that their previous reports have been overestimating fossil fuel consumption and underestimating renewables. Yet BP still predicts total energy demand will grow indefinitely thanks to overall global growth, and fossil fuels will always be needed. But Simon Evans at Carbon Brief shows how these projections contrast starkly with McKinsey’s, who find that the efficiency of renewables … [Read more...]
Energy majors grab blockchain “multi, multi-billion dollar opportunity”
Blockchain is being used to optimise performance across the board where wholesale digitalisation of trading processes, asset management and demand response is standard. Its adoption by sector operators is clearly visible but is everyone jumping on an untested bandwagon for fear of missing out or will its wide range of possible applications help deliver a leaner industry resulting in reduced costs and a more efficient transition? Gaurav Sharma … [Read more...]
Opposition to Nord Stream 2 ignores market fundamentals [Energy Post Weekly]
![Opposition to Nord Stream 2 ignores market fundamentals [Energy Post Weekly]](https://energypost.eu/wp-content/uploads/2018/12/nord-stream-opposition-150x99.jpg)
Criticism of the Nord Stream 2 project routinely misses the bigger picture of EU’s lower carbon targets, Groningen’s impending switch-off and Russia’s own dependence on natural gas exports to Europe. … [Read more...]
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