Markus Krebber’s Post

Negative power prices are a real concern for power generation companies, leading to either surprise costs or curtailment of renewable energy. We heard about this in California and Australia, but this article makes clear it is happening in Germany, Spain and Denmark. Texas might not be too far behind, briefly for some days. The problem isn't too much wind or solar; it's that the power is generated at times of low demand. This saves money for electric customers, but hampers growth for new renewables. And we may be wasting some of the renewable electricity we generate. The best fix to counter this trend is shaping load through Demand Flexibility, coupled with some day-ahead price forecast so that load from all DERs can be shaped to make use of low-cost renewable energy. Secondarily, battery energy storage systems can play a big role. I raised negative power prices as a concern when thinking about aggregating EVs in 2016 to my state's utility regulators. It was too early to solve the problem then, but the timing is right now. https://lnkd.in/gPVRt-HN

As we stand on the brink of a green energy revolution, the potential for transformative change is more significant than ever. The shift toward renewable energy sources is not just an environmental imperative; it's a tremendous opportunity for innovation and growth. For investors, engaging with new technologies in green energy is crucial. The landscape is evolving rapidly, with advancements in solar, wind, hydrogen, and battery storage paving the way for a sustainable future. By supporting these emerging technologies, investors can play a pivotal role in shaping a greener economy while reaping substantial returns. It’s essential to stay informed, be open to new ideas, and actively seek partnerships that prioritize sustainability. The future is bright for those willing to embrace the change and invest in the technologies that will drive our world forward. At PCML and IPM, we fully support the approach taken by investors such as Octopus and are keen to contribute to this kind of energy future. #GreenEnergy #Sustainability #Investment #Innovation #RenewableEnergy

OUTLAW curtailment. Some folks fail to grasp the significance of renewable energy due to a lack of understanding of the energy transition's economics. Negative pricing and free energy lead to increased volume, offsetting any revenue losses. Time of use arbitrage benefits consumers and utility companies alike, saving on expenses. The energy transition's economic effects benefit everyone worldwide, except industries reliant on the combustion of fossil fuels. #RenewableEnergy #EnergyTransition #Economics #Sustainability

Chinese wind energy giant Envision has agreed to supply a UK battery energy storage project that would be over three times the size of a Tesla system that is the country’s current record holder. The 300MW/624MWh Cellarhead battery project will be connected to a UK National Grid substation in central England. The rise of Chinese renewable energy firms on the global stage represents a transformative shift in the energy landscape that brings immense opportunities but also requires a nuanced understanding of the associated risks, particularly supply chain related risks. If you are considering a partnership with a renewable energy firm, particularly those from China, we invite you to get in touch with us to ensure a thorough assessment and robust risk management strategy. Having worked on numerous risk assessment projects in fields ranging from solar, wind, battery energy storage systems, and related components for clients from both the public and private sectors, our team is well-positioned to guide your strategic decisions and safeguard your interests and reputation. We are here to provide the insights you need to make informed and confident choices. #renewableenergy #windenergy #envision #batteryenergystoragesystem #bess #chinabusiness #uk #greenenergy #sustainability #riskassessment #riskmanagement #supplychain #supplychainintegrity #duediligence # https://lnkd.in/enih5gvd

As the #EU’s largest producer of #gas-fired #power #generation, #Italy’s gas usage in its power generation mix is about 50%, nearly three times the EU average, the think tank said in a report. “Italy’s absence of a plan to phase out gas generation does not pave the way for similar levels of #renewable growth to its European neighbours,” it said, adding that the country’s solar and wind growth was slower than it could be.

A new report sponsored by RenewableUK (the renewable energy trade association) sets out plans for the proposed publicly-owned energy company, GB Energy. The report argues that the key to its success is in the design of the new company. It will need to be independent and have a clear mission about what it intends to achieve. This will help to ensure it does not become prone to government or political interference. It also needs to deliver on its mission, and prove it is worth the investment by the end of the parliament. It should be established and operational by 12 months into the new government. Given this need and the modest starting capital, the report argues that it should invest first in cheaper and established renewables like onshore wind, and solar. These can be built fast and therefore provide returns fast, while simultaneously bringing on board community support. #renewables #EnergyTransition https://lnkd.in/e675UNEE

2 YEARS REPowerEU – The European Commission presents new initiatives to strengthen energy security and accelerate transition to renewables, in particular offshore wind energy.   REPowerEU has sped up the permitting of wind farms and helped raise the share of wind in Europe’s electricity mix – it’s now 19%. The EU have now launched new initiatives to keep the momentum of REPowerEU by further accelerating the build-out of renewables. REPowerEU had three main goals: to save energy, to diversify gas imports and to ramp up the production of domestic renewable.

Germany’s Wind Energy Revolution: Bold Ambitions, Fierce Headwinds??? #Germany is setting the bar high with its wind energy ambitions—targeting 115 GW of onshore wind capacity by 2030, with 10 GW added annually from 2025, and an audacious 30 GW offshore capacity by 2030. These bold targets showcase Germany’s determination to lead the global renewable energy race. Are German OEMs & Developers Feeling the Heat? With #electricity prices spiking to €550/MWh, OEMs and developers are facing mounting pressure. Rising energy costs are inflating production expenses and squeezing profit margins, leaving critical questions in their wake: - Can local OEMs maintain their competitive edge in such a volatile market? - Will this pave the way for Chinese OEMs to gain ground in Europe with cost-competitive solutions? Germany’s Economy and Energy Ministry has responded with a five-point Action Plan aimed at stabilizing supply chains and easing financial pressures, but is this enough to counter the growing uncertainties? For developers, rising electricity charges are just one piece of the puzzle. Will lead to escalating material costs, logistical bottlenecks, and unpredictable supply chains are turning project planning into a delicate balancing act. From sourcing turbine components to meeting construction deadlines, every step feels like navigating a perfect storm. Germany’s wind energy goals are bold, but boldness alone won’t carry the day. How can the wind energy industry rise above economic uncertainty and geopolitical volatility to keep the green revolution on course? What will it take for the wind energy sector to thrive amidst these challenges? https://lnkd.in/gHSccBQb https://lnkd.in/gHwy9Z7C https://lnkd.in/gJgrqWaf #WindEnergy #Germany #RenewableEnergy #EnergyTransition #Sustainability #WindOEM #CleanEnergy #onshorewind #offshorewind #energy

To enable businesses and consumers to reach net zero targets we need transparency on where every MWh of power is coming from. SmartestEnergy’s new position paper suggests mandatory issuance of origin for all electricity producers, ensuring that consumers can purchase certificates for each MWh supplied. It advocates for closer alignment between electricity flows and energy certificates to match seasonal and daily energy demand, promoting investment in renewable energy and reducing emissions. The paper stresses the importance of providing consumers with transparent data to facilitate their energy transition and calls for collaboration with government agencies to improve disclosure practices and support decarbonization efforts. Making this transparency mandatory would be a huge step towards achieving net zero targets for many businesses.

Press Release: SmartestEnergy calls for a shake-up in Britain’s energy certification scheme to drive investment and build consumer trust in grid decarbonisation Great Britain’s current fuel mix disclosure is nearly 20 years old and no longer fit for purpose, says SmartestEnergy, as it sets out a new approach to put consumers at the heart of the energy transition. 5 December 2024 - SmartestEnergy, the energy company helping Britain’s businesses navigate the energy transition, has published a new position paper calling for a refresh in the way the origin of electricity is verified. Launched at the UK’s inaugural REGO Day taking place today, the paper entitled Hitting Reset: Reforming Britain's Fuel Mix Reporting to Build Consumer Trust advocates to reform the fuel mix disclosure and associated electricity certification scheme. SmartestEnergy is proposing a shift to a more transparent and reliable disclosure – increasing the trust consumers place in Great Britain’s electricity decarbonisation process and simultaneously accelerating investment into it. Vishnu Aggarwal, CFA, Deputy VP Origination and Renewables Trading, SmartestEnergy, said: “We need to hit reset on how we’re disclosing information about the origin of electricity in Great Britain. Businesses are all at different stages in their energy transition, but what unites them is a lack of sufficient clarity to make sound decisions about their energy supply and move confidently towards net zero. To achieve our clean power ambitions as a country, we need an approach that will ensure everyone is better equipped with the necessary data and information to understand the origin of where every MWh of electricity comes from.” Read the full Press Release here : https://lnkd.in/ePFQPiX9