Accelerating the clean energy transition can tackle the inflation crisis, not just save the climate, explain Russell Mendell, Mathias Einberger and Katie Siegner at Rocky Mountain Institute. Rising energy costs are driving current global inflation. So now is the perfect time to drive through low-hanging-fruit ways to increase wind and solar generation and storage. In the U.S. interconnection queues – the pipeline of clean generation projects … [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...]
Event summary: “45% RES by 2030: EU’s latest investment challenge to DSOs”
Sara Stefanini provides a written summary of our panel discussion held on Thursday June 30th 2022. It’s a full summary of the 90 minute discussion (including audience questions), but it begins conveniently with a summary of the highlights. Investment in and the modernisation of the electricity distribution grid is one the biggest challenges the EU has to overcome in the next decade. It’s a €400bn investment challenge by 2050 says Eurelectric, an … [Read more...]
Implementing Poland’s national Recovery and Resilience Plan
How should Poland implement its national Recovery and Resilience Plan (RRP)? Sonia Buchholtz at Forum Energii outlines some important answers. First, a deep analysis of the challenges and assessment of the solutions and reforms must start now. Buchholtz says though the directions set out in the RRP are correct, the details are out-of-date. Policy reforms and more ambitious targets are needed in all the main areas: energy efficiency and heating; … [Read more...]
Global map of the future cost of clean Hydrogen production in 2030 and 2050
The world’s commitment to hydrogen needs an assessment of which regions can make it the cheapest. Herib Blanco at IRENA and Jacopo de Maigret at Fondazione Bruno Kessler describe their study of the range of factors that affect the future cost and therefore the potential for clean renewable hydrogen, estimated for 2030 and 2050. The main drivers are the capital cost of the renewable generation and the electrolyser, the cost of capital, and the … [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...]
Manifesto: fit-for-purpose flexible grids for the clean electrification of Europe
The integration of new clean generation sources on top of the increase in electrification of industry, e-mobility, and heating and cooling means grid investment must be made a priority. Anything else will leave deployment-ready solutions waiting, slowing down the transition. The backdrop is that over one third of the EU’s grids are already more than 40 years old. Eurelectric has produced a manifesto, “Connecting The Dots”, that estimates … [Read more...]
Event Summary: “CHINA: Carbon Neutral by 2060 – Innovation”
Here are the highlights of our 2-day 4-session workshop “CHINA: Carbon Neutral by 2060 - Innovation”, compiled by Sara Stefanini. It’s a quick and efficient way for readers to see the main points made by our expert panellists. Held at the end of May, it was the fourth of our EU-China workshops since the first was held in November 2020, produced for the EU China Energy Cooperation Platform (ECECP). As always, leading speakers from the EU, major … [Read more...]
How the U.S. can meet its target of halving emissions by 2030
Writing for Carbon Brief, John Bistline at the Electric Power Research Institute summarises his co-authored paper “Actions for reducing US emissions at least 50% by 2030”, the target set by the Biden administration. The paper provides detailed projections and actionable insights about the policies and technology deployment needed to achieve this near-term climate goal. Roughly 70-90% of emissions reductions by 2030 must come from the power and … [Read more...]
Reversible Hydrogen fuel cells: can H2 gas-to-power support the grid economically?
We know about making green hydrogen from excess intermittent wind and solar. We also know that that same intermittency means the gaps in wind and solar generation need filling. Green hydrogen is very expensive to make. But what if that green hydrogen could be economically converted back to power when needed? Writing for Stanford University, Edmund Andrews describes new research, in collaboration with the University of Mannheim in Germany, into … [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...]
Latest U.S. modelling shows Battery Storage can support an 80% Renewables grid by 2050
NREL’s latest Storage Futures Study concludes that battery storage should be able to support an 80% renewables grid mix in the U.S. by 2050. Madeline Geocaris at NREL explains how they modelled hundreds of future scenarios to accurately represent the value of diurnal (<12 hours) battery energy storage. The high-storage scenarios made different cost and performance assumptions for storage, wind, solar PV, and natural gas. 15 storage … [Read more...]
Will China’s gigantic wind and solar “bases” mean targets met four years early?
China will have doubled its 2020 installed wind and solar capacity by 2025, exceeding 1,100GW, according to government plans. That’s four years sooner than required to meet their target of peak CO2 emissions by 2030 and carbon neutrality before 2060. Writing for Carbon Brief, Lauri Myllyvirta and Xing Zhang at CREA explain that the main driver is the creation of “clean energy bases”: large-scale concentrations of wind and solar power on deserts … [Read more...]
Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience
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...]
China’s impressive growth in Renewables and Transmission now needs Market innovation
***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...]
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