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Gerard Reid Profile picture
@gerardreid14
Apr 15, 2023 • 8 tweets • 5 min read • Read on X
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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
3. In #China, wind and solar met 69% of the growth in electricity demand in 2022 Image
4. #Coal generation rose by 108 TWh (+1.1%) year on year, reaching a record high generation of 10,186 TWh with #india seeing the biggest growth (92TWh or 7% annual growth) Image
5. Global #gas generation declined slightly by 0.2% (-12 TWh) in 2022 compared to the previous year. Image
6. Global #nuclear electricity generation fell by 4.7% from 2,739 TWh in 2021 to 2,611 TWh in 2022, thanks mainly to problems in French nuclear and closures in Germany. This means that nuclear production last year was 10% lower than a decade ago. Image
7. 2022 may be “peak” power #emissions Image

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More from @gerardreid14

Gerard Reid Profile picture
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
Gerard Reid Profile picture
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
Gerard Reid Profile picture
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
Gerard Reid Profile picture
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
Gerard Reid Profile picture
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
Gerard Reid Profile picture
Feb 25, 2023
It is ironic that #BASF the the biggest #chemical company in the world and largest #energy user in #europe published its annual results yesterday, on the anniversary of the start of the invasion of #Ukraine by #Russia.
The impact for #BASF is massive. The company:
- Generated a net loss of EUR627 in 2022, down from EUR5.5bn in 2021
- Spent an extra EUR3.2bn in higher #energy costs last year, EUR2.7bn of which was in #europe
The good news for #BASF is that they have over the last years moved the business beyond #germany and #europe with the #Chinese business now more important and profitable than the #europe.
Read 4 tweets

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