Empowering the transition towards a more sustainable global economy All views here are mine.
Sep 17 • 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 • 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!
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 • 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
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.
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.