Gerard Reid Profile picture
Nov 27, 2022 5 tweets 5 min read Read on X
There is a lot of #china bashers out there particularly with regards #energy. The bottom line though is that #China is not only the biggest producers of #solarpanels, #inverters #windturbines and #batteries in the world but also the biggest market for all these products.
This year #china will install circa 100GW of #solarpanels. If you add the 50GW from last year the country has installed over the last 18 months more than the total installed base of the #Unitedstates.
#china will install over 50GW of #wind in 2022 which is more than 50% of all global wind turbines installed this year.
If we look at #EVs its the same story. Some 5m new EVs will come onto Chinese roads this year, which is greater than the global market for EVs in 2020!
Bottom line, #China is leading the global #energytransition and unsurprisingly peak #coal is very near! 2025 according to JPMorgan.

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More from @gerardreid14

Sep 17, 2023
Just returned from an insightful trip to #REPlus#REPlus23 #REPlus in #LasVegas, the largest #solar trade show in the US. Here are some key takeaways and reflections:
1.🌞#Solar's Meteoric Rise: In just 20 years, #solar has transformed from a niche market to an industry surpassing the #oil and #gas sector in capital investment this year.
2.  🌍 #GlobalGrowth: Over 400GW of #solar installations are anticipated worldwide this year, compared to a mere 1GW two decades ago. Expect 450GW of new installs next year.
Read 17 tweets
Jul 26, 2023
"A Picture Can Tell 1,000 Stories
This image depicts power generation across #Europe last Saturday, with a focus on the need for #gas plants to balance the variability of #solar and #wind in the power system. Image
What's intriguing is that #renewable #hydro provided the bulk of necessary flexibility across #europe as power prices surged from zero to EUR 100/MWh across Europe when the sun went down! Image
The graph shows that #nuclear power is quite similar to #coal, both running 24/7 and facing negative prices during sunny days. Image
Read 7 tweets
May 18, 2023
The pace of #innovation in electric vehicles is mind-blowing. It's not just about #batteries, but also #electricdrives, #powerelectronics, #software, and #batterymanagement. Image
These advancements mean better #energyefficiency, increased range, and lower costs. With fewer parts, economies of scale will soon make electric vehicles as affordable as internal combustion engines. The future is electric! ⚡️🚗 #EVs #CleanTransportation Image
Long-haul trucking and farm & mining equipment pose interesting challenges. Will it be all #batteries or a combo of #fuelcells and batteries? My bet is on batteries dominating the field due to their innovation and scalability. Fuel cells are still in their early stages Image
Read 4 tweets
May 14, 2023
One of the biggest challenges for #solar and #wind is integrating more renewable energy into the power system. How can we do this effectively? #renewableenergy #cleanenergy
To encourage the buildout of renewables, we need strong financial incentives. Finding the right mechanisms is crucial for a successful energy transition. #renewableenergy #financialincentives
Impressive! #Denmark consistently meets 85% of its weekly energy needs from #renewables. They are leading the way in sustainable energy production. #cleanpower Image
Read 5 tweets
May 13, 2023
As the @BMWK considers continuing the subsidization of #energy prices; back in the real world power prices in #Germany will be zero for a large part of the weekend, as they are every second weekend. Image
Meanwhile in the #netherlands today you can be paid EUR100/MWh to take power… Image
#spain will also have zero power prices as it did yesterday Image
Read 8 tweets
Apr 15, 2023
Research Report of the Week: The #Global #Electricity Review from Ember which is full of incredible information on what is going on in the world of electricity, #renewables etc

ember-climate.org/insights/resea…
1. #Wind and #solar reach a record 12% of global electricity in 2022 Image
2. In 2022 growth in #renewables met 92% of the increase in global electricity demand Image
Read 8 tweets

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