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Gerard Reid

@gerardreid14

Dec 24

@EU_Commission

My big wish for #European #energy in 2023 is that the @EU_Commission and European #governments push the rollout of #smartmeters and #smarttariffs across the continent.

Why do I say that? Because #smartmeters and #smarttariffs give #energy customers the ability to control their own destiny by enabling them to switch off and on devices depending on how expensive #powerprices are.

@OctopusEnergy

#smartmeters and #Smarttariffs enable new #businessmodels such as what @OctopusEnergy are offering. In addition, #digitalisation will allow the smoother and quicker integration of #EVs into the system as well as smart #heating.

Read 5 tweets

Gerard Reid

@gerardreid14

Dec 18

Earlier today, #EU agreed on a badly needed reform of the EU Emissions Trading System (#EUETS) which is the system of cap-and-trade of #carbonemissions allowances for #energyintensive industries and the #powergeneration sector. The most critical points are:

1. Agreement to make it compulsory for #EU members to dedicate all their auctioning revenues to #climateaction #investments

2. Sectors covered by the Carbon Border Adjustment Mechanism (recently agreed #EU #carbon import tax) such as #cement, #aluminium, #fertilisers, #electricty production, #hydrogen, #iron and #steel, will see an end to free #allowances for these sectors between 2026 and 2034

Read 8 tweets

Gerard Reid

@gerardreid14

Dec 11

@IEA

Picture of the Week: Speed of change around #energytransition is accelerating. Last year the @IEA projected that #renewableenergy installations would be 1800GW over the next five years. Now they are saying that it will be 2,400GW which is the installed capacity of #China.

Why is the #energytransition accelerating:
1. Geopolitics - #Ukrainian crisis has forced #Europe to accelerate #decarbonization. It has also been a wake up call for #China who is a huge #energy importer.

Why is the #energytransition accelerating:
2. Opportunity - #EVs, #batteries, #heatpumps and #Solar are multi-billion dollar markets growing at circa 40% per annum and are attracting the best entrepreneurs and businesses across the world

Read 7 tweets

Gerard Reid

@gerardreid14

Nov 29

@Airbus

There is a lot of talk about bringing back #solar production to #Europe and the #US. What is needed is an @Airbus type response with cross-border and industry co-operation a must otherwise all attempts will be a failure. Let me explain why?

1. It is the size of the #solar industry and the capital ($50bn) and resources needed to scale and be competitive. This year the #solar market will be around 300GW, up from 180GW last year. The #solar industry will use as much glass in the next 12 months as #Europe produces.

2. The scale of the Fab4: LONGi Solar, JA Solar, Jinko Solar Co., Ltd. and Trina Solar basically control the world market for #solar modules. By the of this year, the four of them will have production capabilities of circa 275GW with the plans to add 140GW next year.

Read 5 tweets

Gerard Reid

@gerardreid14

Nov 27

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.

Read 5 tweets

Gerard Reid

@gerardreid14

Nov 14

Research Report of the Week: The #Revolution in #Semiconductors and what it means the #Power sector and the #energytransition

alexa-capital.com/news-insights/…

I am firmly convinced that we are in the middle of a revolution in the #energy world. One of the crucial points is around #digitalisation which enables #energyefficiency but at that same time depends on #electricity.

This spiral of digitalisation leading to electrification is one of the primary reasons why we are electrifying our energy systems. I can do without coal but I cannot do anything in this modern #digital world without electricity.

Read 4 tweets

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