Policy makers around the world are hearing a lot of advice on how to design their stimulus packages. This comes from the IEA where Fatih Birol lays out five fundamental lessons we can learn from the stimulus packages that came out of the 2008 global financial crisis. His main headings are: Build on what you already have – and think big (e.g. feed-in tariffs, production tax credits); Choose technologies that are ready for the big time (e.g. wind, … [Read more...]
Nuclear fusion: public-private pitch for pilot power plant in U.S.
A working nuclear fusion plant has long been a dream of scientists. The “Sun in a box” would generate abundant low carbon energy with little waste and more safely than traditional existing nuclear (fission) plants. But the scientific, engineering and materials challenges are admittedly enormous. Meanwhile, other electricity generating technologies are getting cheaper, so will we ever need it? Nevertheless, a public-private collaboration in the … [Read more...]
How much subsidy do EVs need to be competitive?
Despite a wide range of subsidies and incentives, battery electric vehicles (BEV) make up only 1.4% of new car sales in the U.S. That the effective battery cost is zero to the consumer doesn’t seem to be lifting that number any higher. Meanwhile, in Norway the percentage is a much more impressive 42%, but those subsidies and incentives are far higher: the effective battery cost is negative 385 $/kWh for a typical 60kWh battery pack, i.e. a very … [Read more...]
Utilities can help their central banks, “loaning” electricity during the slump
The coronavirus slump is forcing governments around the world to inject large amounts of cash into the hands of consumers and businesses, until this is all over. In the U.S. it’s $2tn. Catherine Wolfram at the Haas School of Business suggests a way to cut that bill, easing the pressure on central bankers. Utilities (electricity, water, gas) should allow customers to defer payment (instead of using valuable bailout money to pay the utilities). The … [Read more...]
“All new vehicles sold must be electric by 2030” but can your nation, state, city do it?
More and more nations, states and cities are announcing plans for the ramping up of EV adoption. Jim Conca takes a look at his home, Washington State in the U.S., where all new vehicles sold must be electric by 2030. He says the new rules imply his state will have 4 million EVs on the road by 2045, up from 52,000 today. He carefully crunches the numbers to see if this target is realistic. The good news is that grid capacity will only need to rise … [Read more...]
UK’s COP26 Presidency will be the first big test of its post-Brexit diplomatic skills
November’s COP26 will arguably be the most important since the Paris Climate Agreement of 2015. By then, all signatory nations are required to submit their new and improved nationally determined contributions (NDCs) that set a credible pathway towards reducing their emissions. So far only the Marshall Islands, Suriname, and Norway have done so. Lucien Chabason and Lola Vallejo at IDDRI ask whether the UK teams behind their new COP26 President, … [Read more...]
Pumped Storage Hydropower 2.0: steel dams, underground, or 1-10MW modular
Pumped Storage Hydropower (PSH) is one of the most cost-effective utility-scale options for grid energy storage. The U.S. has plants across the country, totalling over 20GW of capacity. Now the Dept of Energy (DoE) is backing four teams developing blue sky (water?!) ideas that should make the next generation of PSH even cheaper. In this article the National Renewable Energy Laboratory (NREL) tracks their progress so far. They include dams made of … [Read more...]
Even cycling Coal is losing money. Only “summer” coal makes sense in Texas, Louisiana
Joseph Daniel at the Union of Concerned Scientists says a detailed look at the U.S. data shows the days of coal plants being the baseload kings are numbered. The declining costs of wind, solar and gas are making coal look expensive. What’s more, increasing energy efficiency is flattening peak demand (and therefore prices), squeezing those periods when coal could rely on finding customers. That means coal plant owners that say they deserve support … [Read more...]
200 – 400 Nuclear reactors to be decommissioned by 2040
Denis Iurchak has taken a close look at nuclear decommissioning. Globally, 447 nuclear reactors are in operation as of January 2020. Of those, nearly 70% are older than 30 years (25% are older than 40 years). The IEA says around 200 commercial reactors are to be shut down in the next two decades. On top of that, 182 reactors are already in permanent shutdown. This means that between 200 and 400 reactors are likely to be decommissioned by 2040, … [Read more...]
Carbon Tax: “laboratory” Europe shows U.S. it has no effect on aggregate jobs, growth
The issue of carbon taxes is under debate in the U.S. Congress. The fear is a new tax will destroy jobs and hinder growth. Will it? Meredith Fowlie at the Energy Institute at Haas says the U.S. should see Europe as a very useful carbon tax laboratory experiment: half the countries have some sort of tax, the other half don’t. She’s pulled together evidence to answer the simple question: does a carbon tax affect aggregate employment and growth. Her … [Read more...]
U.S. EIA predicts Renewables will surpass Coal by 2021
Renewable electricity generation in the U.S. has risen so fast in the last 10 years that it’s expected to surpass coal by 2021, according to the latest report from the nation’s Energy Information Administration (EIA). This would have been “unthinkable” in 2010, says Dennis Wamsted at IEEFA. Back then, nationwide, utility-scale solar generated 1.29bn kWh and wind 94.6bn kWh. By 2021 solar will have risen almost a hundredfold to 122bn kWh and wind … [Read more...]
The Six Energy Paradoxes that slow the sector’s progress
Gerard Reid at Alexa Capital takes a high level look at what he sees as six systemic problems faced throughout the energy sector. They can be found at every level, across all technologies and markets. He calls them the Six Energy Paradoxes. All of them are acting as a serious drag on progress, Transition or not. Take the Market Efficiency Paradox. Utilities should adjust their prices to meet changes in energy supply and demand. Higher supply or … [Read more...]
U.S. Presidential Election: for the first time, climate is a top priority
Another climate action “first” this year will be the 2020 U.S. Presidential election. Never before has climate change featured as a top priority for American politicians and voters, says Arnault Barichella writing for the IFRI Centre for Energy & Climate. It’s thanks to the growing evidence of human-caused global warming in collision with a current President who calls it all a hoax and has been rolling back the regulations of his predecessor. … [Read more...]
Gas infrastructure leaks methane: fix it, or accelerate to clean energy
Natural gas, because it’s low-carbon, is being used as a bridge fuel away from the old fossil fuel world. But there are two main problems. The infrastructure leaks methane (the main component of the gas) which is 25 times more potent than CO2 over a 100-year period (and 86 times over a 20-year period!). And, crucially, nobody is properly measuring those leaks. That means policy makers are growing the gas mix without knowing by how much it’s … [Read more...]
Nuclear in 2020: a global look ahead at policy, financing, politics, by country
Dan Yurman presents his worldwide review of nuclear’s prospects. 19 nations are covered. He explains while some countries are planning to scale down nuclear, like South Korea and France, some are increasing investment, like China. Others remain stuck over policy, pricing, financing and politics (e.g. Japan, the U.S.). Exporters of plants, led by Russia, are making moves – not always easily - in Eastern Europe and the Middle East. R&D … [Read more...]
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