,
8 tweets,
4 min read
Read on Twitter
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.
4/ Cheap variable wind+solar wrecking power price economics and causing havoc? Sounds good to me. That's how you'll get a crap-ton of storage built. Here comes Arizona to *absolutely feast* on cheap surplus power from CA. How? Building arbitrage machines. scientificamerican.com/article/an-ari…
5/ From the chart I posted in today's newsletter, look at all that surplus wind power in the great plains. Oh no what to do? Markets find a way. 
6/ Some very good details onArizona Public Service deciding to build storage, rather than new generation: azcentral.com/story/money/bu… | Also, as WSJ is behind paywall, here's another story on the Iowa to Chicago transmission line to deliver great plains wind desmoinesregister.com/story/money/bu…
7/ Ask not: how much further in price will storage have to fall, to make it economic. But rather, how cheap does generation have to get to make building storage economic? Answer: we're here.
Boom. There it is. A few years back I did some consulting to a RE development firm, and I speculated that incorporating storage into new structures (apts/offices) would eventually be seen as both a service and a way to enhance ROI. #StorageEvolves utilitydive.com/news/rocky-mou…
