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Gerard Reid Profile picture
@gerardreid14
Apr 15 • 8 tweets • 5 min read Twitter logo Read on Twitter
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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
Feb 25
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
Gerard Reid Profile picture
Dec 24, 2022
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.
#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 Profile picture
Dec 18, 2022
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 Profile picture
Dec 11, 2022
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 Profile picture
Nov 29, 2022
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 Profile picture
Nov 27, 2022
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

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