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15 US states are now producing wind+solar at, or above, 10% of electricity sales. This week's letter also cites work from @ramez @MLiebreich @ChrisGoodall2 and @AtifRMian, plus a final wrap on 2018 California EV sales. gregor.substack.com/p/rates-of-int…
2/ Great example of how the theory of "value deflation" (there will be too much variable energy and it will wreck power supply economics) ignored how market arbitrage emerges: you actually want wind+solar to be cheap to drive investment. wsj.com/articles/exten… via @russellgold
3/ Developing an overly complicated theory about how wind and solar introducing cheap energy into powergrids would create an unsolvable problem would be like calling cheap oil in the 1930's a catastrophe. This is how adoption works.
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