🌞Here's a short story abt how I went to Morocco to see one of the world's biggest solar plants.
It didn't go quite as I expected
This is the Noor complex near Ouarzazate.
It's massive. Bigger than the capital of Morocco.
Europe (& UK) plan to import solar power from Morocco.
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This place is interesting because it's actually not a traditional solar plant.
Most solar power these days is PV or photovoltaic👇
Solar energy hits the silicon panel and is converted straight into electricity.
Noor has a section devoted to PV. But in this case it's a sideshow...
The main business here is a different type of solar power.
Most of the panels here are not PV but mirrors.
They concentrate solar energy and capture its heat. That heat is used to heat water, to turn it into steam which runs a turbine.
Like a conventional power station!
There's actually a few ways you can do this.
In one part of the complex the mirrors are concave and they heat up a pipe carrying a kind of industrial oil which passes through those pipes you can see.
That hot oil is piped towards the plant and helps to run turbines & create power
Why bother doing it this way? Because you can use that heat to STORE the solar energy, heating up special types of salt which retain their heat. That means you can get power from here even when it's dark.
Normal PV only works when the sun's shining...
The other way of doing this - the more spectacular way - is to use mirrors to concentrate a LOT of solar rays on ONE particular place.
Which is where that big tower comes in.
There's molten salt running through the top of the tower. The sun heats it to 565 degrees C
Walk around this bit of the complex and you can hear all those the mirrors (technical term: heliostats) moving every minute or so as the sun moves, so they can bounce the light towards the tower.
You can actually SEE them seeking out the tower in this Timelapse 👇
Again, the point here is that molten salt stays hot for ages. This place can store energy for seven hours.
In theory it can produce power constantly, as long as the sun is shining. And since this is the edge of the Sahara it has some of the most reliable sun in the world
There's a plan to lay a massive cable from the south of Morocco all the way to England so the UK can import renewable power (solar and wind) from another part of Morocco. For backup when the wind's not blowing in N Sea. That's the idea at least ft.com/content/fc3a1c…
All of which is why we went to Morocco to see this solar plant.
I was making a film about the national grid and wanted to make the point that sometimes in future we may be able to get our power from elsewhere. An international grid. So we thought, let's go to Noor for a day...
But here's the twist. As you can probably see, when we arrived it was cloudy.
"This is very unusual," they told us. "Only happens a few days each year."
"Ah," we said. "Ok we'll come back tomorrow."
So we spent a night in Ouarzazate. Lovely place. Thoroughly recommended.
The following day we came back hoping for sun.
But it was even more overcast.
By now it had been cloudy for so long that the plant's storage was effectively depleted. It wasn't contributing to the grid at all. Well, a teeeny bit from the PV bit.
But near enough zero
We were unlucky. It IS mostly sunny.
But as I said in our film👇it's a useful reminder that sometimes even the "backup" needs backup.
As we push towards net zero everyone's after easy answers. But this will be more challenging & complex than many assume
Sidenote:
It actually wasn't the first solar storage plant I've been to.
I also went to one in Chile a few yrs ago. And, get this, it was also NOT operational. The wind was too strong for the mirrors.
Perhaps I'm cursed. Still longing to see one of these towers light up in person
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What does a trade war look like?
Much of what you've heard about tariffs is prob soundbites from politicians & economists.
But what does a trade war actually FEEL like at ground level?
We've spent the past year working on a film on just that.
Here's some highlights
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Best place to start is with this👇
It may look like a lump of metal but don't be fooled.
This is a die: a sort of mould used to shape plastics. Looks simple but it's super-engineered - designed to withstand enormous pressure.
Without dies like this there's no manufacturing...
Dies and moulds are the unsung champions in modern mass production.
One of the single most impressive things about Tesla's manufacturing processes is what @elonmusk calls the Gigapress: a massive machine that shapes metal. And at the heart of the gigapress are enormous dies.
The PM keeps repeating the figure £16bn in relation to the OBR's latest forecasts - giving the impression that this would have left a big hole in the public finances. What he fails to acknowledge is that that this is LITERALLY ONLY ONE PART OF THE STORY.
Here's why...
Yes: the OBR downgraded the fiscal numbers by £16bn (actually £15.6bn) due to weaker productivity (red bar below).
But it also simultaneously UPGRADED them by a whopping £32bn (blue bars).
This chart from @TheIFS shows it pretty clearly👇
Banging on about the £16bn productivity - as the PM did repeatedly in his press conference today - without also mentioning the £14bn inflation UPGRADE and the £17bn of other UPGRADES seems... pretty misleading to me.
It's simply NOT the full picture...
NEW
UK abolishes its "de minimis" rules which exclude cheap imports below £135 from paying tariffs.
A massive deal for the fast fashion/cheap Chinese imports sector: this is the so-called loophole used to great effect by SHEIN and Temu.
Should also bring in some tariff revenue
For more background on this, here's our investigation from earlier this year on de minimis and what it means in practice - including a glimpse inside the planes carrying these imports into the UK 👇
The flip side to this policy is:
a) stuff (yes, a lot of it is tat but even so) will get more expensive
b) it primarily hits lower income households
c) as you'll see from my thread, de minimis was a lifesaver for small regional airports. Its demise is v bad news for them...
NEW
"Data center alley" in North Virginia.
Home to the biggest cluster of server centres in the world.
Here, more than anywhere else, is the global epicentre of AI.
It's where the recent AWS outage happened.
And we've secured rare access INSIDE one of the data centres...
The inside of one of the centres, run by Digital Realty, one of the biggest datacenter companies in the world.
Extremely high security. Long, long corridors, flanked by rooms in which those servers are operating.
This is the very heart of the biggest economic story right now
And inside one of those rooms, here is one of the supercomputers powering the AI boom. This Nvidia DGX H100 is the physical infrastructure making AI a reality.
🚨EXCLUSIVE
The firm at the heart of Britain's critical minerals strategy has ditched plans for a rare earths refinery in the UK, and will build it in the US instead.
It's a serious blow to the Chancellor and her plans for "securonomics" ahead of next month's Budget👇
Not long ago Pensana was being hailed as key to Britain's industrial future.
It had plans to ship rare earth ores to the UK and refine them in a plant just outside Hull, creating 126 jobs and bringing in hundreds of millions of pounds of investment...
Its Saltend site was where the then Biz sec Kwasi Kwarteng launched the govt's official critical minerals strategy a few years ago, saying: "This incredible facility will be the only of its kind in Europe and will help secure the resilience of Britain's supplies into the future"
📽️Is Britain REALLY facing a 1970s-style fiscal crisis?
Why are investors so freaked out about UK debt?
Is this REALLY worse than under Liz Truss?
Who's to blame? Rachel Reeves? The Bank of England?
And would a bit of productivity really solve everything?
📈 Your 6 min primer👇
OK, so let's break it down.
Start with the chart everyone (well, everyone in Whitehall) is talking about.
The 30yr UK government bond yield. Up to the highest level since 1998. And it's still rising.
Does this mean the UK is facing a fiscal crisis? Let's look at the evidence
First let's compare the UK to other G7 countries.
There's two ways to do this.
First, look at absolute levels👇
And it looks pretty awkward for the UK.
Pre-mini Budget we were middle of the pack. That changed post-Truss. And now, under Labour, the UK is even more of an outlier.