Empowering the transition towards a more sustainable global economy All views here are mine.
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Sep 17, 2023 • 17 tweets • 3 min read
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.
Jul 26, 2023 • 7 tweets • 2 min read
"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.
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!
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
May 13, 2023 • 8 tweets • 4 min read
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.
Meanwhile in the #netherlands today you can be paid EUR100/MWh to take power…
Apr 15, 2023 • 8 tweets • 5 min read
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
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
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
Dec 11, 2022 • 7 tweets • 8 min read
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.
Nov 29, 2022 • 5 tweets • 4 min read
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.
Nov 27, 2022 • 5 tweets • 5 min read
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.
With #European energy prices at extreme levels, there are huge risks that could destabilise the whole social, economic, and political fabric of #Europe. 6 Things we need do: 1. Help Customers Save Energy
We need to help change customer behaviour and run pan #European marketing campaigns to explain the #energy challenge. I call this a “Save Energy to Save Europe,” campaign.