Talk about a disruptive technology. The “world’s leading software platform for digital assets,” blockchain may be little known, but it could revolutionize electricity markets, according to Dick Munson of EDF Energy Exchange. For utilities blockchain could prove to be a threat – or an opportunity. … [Read more...]
Jobs? Investing in renewables beats fossil fuels
For policymakers who are interested in job creation, investing in renewable energy is considerably more effective than investing in fossil fuels, writes Allan Hoffman, author of the blog Thoughts of a Lapsed Physicist and formerly with the U.S. Department of Energy. Solar and wind are powerful engines of job creation and economic growth. … [Read more...]
China’s continuing green shift in electric power: evidence from 2016
Over the past decade, China has been greening its electric power system faster than any other industrial power. But China is also continuing to pump out more greenhouse gases than any other other country. Is its green transformation happening fast enough? Hao Tan and John A. Mathews dig deep into the 2016 data and present an awesome picture of the stunningly large Chinese electric power sector. Courtesy Asia-Pacific Journal. … [Read more...]
Interview Ditlev Engel, CEO DNV GL Energy: “The biggest challenge is integration”
The biggest challenge of the energy transition is the integration of renewable technologies into a digitalized interconnected energy system, according to Ditlev Engel, CEO of DNV GL Energy, one of the largest energy consultancies in the world. “Technology is moving very fast”, Engel says in an interview with Energy Post. “Renewable energy growth has surpassed everyone’s expectations. Regulation and market design need to reflect this development.” … [Read more...]
Costs of electricity generation compared: beware of simple metrics
With the rapid growth of renewables, comparing costs of different forms of power generation has become important for policymakers, investors and analysts. In these comparisons, the metric of LCOE (levelized cost of energy) is often used, but the U.S. Energy Information Administration (EIA) warns that this metric does not cover all the complexities involved. The EIA has written a short primer on comparing power generation costs. … [Read more...]
How to calculate revenues of solar and wind power when the subsidies stop
As the recent offshore wind auction in Germany showed, unsubsidized renewables are rapidly becoming a reality. But how do you calculate the revenues from intermittent solar and wind power plants that receive no financial support, in particular in view of the frequent occurrence of zero or negative power prices? Carlos Perez Linkenheil, Marie-Louise Niggemeier and Simon Göß from Energy Brainpool, independent Berlin-based energy market experts, … [Read more...]
The battle for the future of nuclear energy
Nuclear is facing a desperate situation: the world could lose up to two times more nuclear than it gains by 2030, writes Michael Shellenberger, founder and president of the pro-nuclear citizens movement Environmental Progress (EP). According to Shellenberger, the nuclear crisis is caused purely by cultural, ideological and political factors. There are no technological and economic barriers to expanding nuclear power: existing designs are safe and … [Read more...]
The coal-free 2°C scenario: within reach and cheaper than told by IEA
Scrapping of planned coal power and accelerated investment in wind and solar are essential if we are to reach the Paris climate goals. The good news: It can be done significantly cheaper than the International Energy Agency (IEA) estimates, writes Terje Osmundsen, Senior Vice President of the Norwegian-based international solar power company Scatec Solar. Courtesy of EnergiogKlima. … [Read more...]
Peak oil? Sooner than you think
The London-based investment advisory firm Redburn thinks that global demand for oil could peak around 2026, writes Fereidoon Sioshansi, President of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. The implications for oil majors are ominous. … [Read more...]
Saudi Arabia “leaves oil behind” (says ex-oil minister Al-Naimi)
Is Saudi Arabia serious about making the change from the world’s biggest oil exporter to a significant producer – and exporter – of renewable energy? Time will tell, but the country is certainly taking serious first steps, writes Nehad Ismail. … [Read more...]
Energy Union requires concrete projects and protection of European interests
To deliver the Energy Union, the European Commission should promote concrete projects, such as equipping all European highways with charging points for electric vehicles. It should also act to protect workers and consumers who get hurt by the energy transition, protect European markets from dumping practices and turn Malta and Cyprus into 100% renewable energy islands, write Enrico Letta, Thomas Pellerin-Carlin and Jean-Arnold Vinois of the … [Read more...]
Here comes the end of the Energiewende again
Yet again, an expert – this time, a German – has announced that Germany’s energy transition cannot succeed. He has a surprising insight for Energiewende proponents: the sun doesn’t always shine and the wind doesn’t always blow. How could we have missed that, wonders award-winning energy author Craig Morris? Courtesy Energy Transition/Global Energiewende. … [Read more...]
Netherlands sees higher solar capacity, but not lower prices
In the Netherlands 525 MW of solar power capacity was installed in 2016, bringing total solar capacity to 2 GW, which supplied 1.5% of Dutch electricity generation, according to the National Solar Trend Report 2017 (available here in Dutch), a collaboration of many private and public players in the Dutch solar sector. … [Read more...]
China’s renewable energy revolution continues on its long march
In one year China added almost as much generation from renewable power as Germany’s total renewable energy generation, according to the end of January statistics for 2016 by the National Energy Administration of China and the China Electricity Council. Yet the country’s electricity supply still relies strongly on coal, notes Simon Göß of Berlin-based consultancy Energy Brainpool. … [Read more...]
Green power revolution grinds forward, an unstoppable glacier
Webster’s defines revolution as “a sudden, radical or complete change.” The ongoing revolution in the United States electric utility industry fits that definition to a T, writes Washington-based energy reporter Dennis Wamsted. The changes have been unbelievably quick (at least by company standards, if not by activists’ desires), and the long-term impacts are going to be both radical and complete. Importantly, in today’s political climate, the … [Read more...]
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