New Energy Economics (NEE)’s Post

Chris Nelder and I discuss load growth, utility incentives, regulatory responses, and how it's all affecting the energy transition in this episode of The Energy Transition Show. I try to explain why utilities are eager to add gas in response, and what cleaner, lower risk alternatives they can pursue instead. Tune in and if haven't already, subscribe to Chris's great podcast. https://lnkd.in/gJWSMkHh

Tune in to the popular episode of 🎙Redefining Energy podcast on '𝐓𝐡𝐞 𝐧𝐞𝐰 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐠𝐫𝐞𝐞𝐧 𝐩𝐨𝐰𝐞𝐫 𝐚𝐧𝐝 𝐏𝐏𝐀𝐬', featuring Pexapark's COO and Co-Founder Luca Pedretti and stimulating discussions about the recent evolutions in the #PPA market and top predictions from our European PPA Market Outlook 2024 report. #applepodcast  https://lnkd.in/dhTv48S #spotify  https://lnkd.in/ditGthT Luca shared his insights into key market trends, duration, size, shapes, types of contracts, risk-sharing arrangements and how the market prices key risks such as capture risks, cannibalization risks, curtailment risks, settlement risks, credit risks. The conversation went on to cover Tech titans and the emerging hourly Green Certificates (GoOs, REGOS) and how the 20th-century industrial policies affecting fuel choices (nuclear, hydrogen) are square with technological innovations (batteries). Last but not least, Luca discussed why Germany is set to claim the top spot in the European PPA Market this year 🇩🇪 📈. Many thanks Gerard Reid and Laurent Segalen for this excellent episode! For more insights into the European PPA Market, download Pexapark’s 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐏𝐀 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 2024 - our free 55-page analysis of all things Power Purchase Agreements 👉: https://lnkd.in/eM5cJax9 #energymarkets #marketintelligence #renewableenergy #energytransition

Power grids are complicated so it is good to have experts around who can provide some understanding of what is needed for them to provide the electricity needed for a fast growing state.

One of several reasons we discussed in Ep. 226 on load growth from data centers: Distributed solar alone (like transmission, efficiency, etc.) could meet that demand without building new gas-fired generators. We should be insisting that regulators require utilities to explore how new demand can be met without adding new generators that create carbon emissions. And we should be insisting that they ensure any new investments needed to meet that demand are paid for *by the data center customers*, and not by all ratepayers (as is currently the case, by and large)! https://lnkd.in/g9mJzS2H

In Energy Transition Show Ep. 226, Mike O'Boyle of Energy Innovation Policy and Technology LLC questions forecasts of surging demand for electricity from data centers & AI, and suggests that rushing to build new gas-fired power plants may not be the best way to meet it. https://lnkd.in/gjubMkhC #icecoldtakes

Do you understand energy markets? They are both highly complex and essential for the energy transition. This BloombergNEF podcast does a great job explaining how and why they work with a tandem bike analogy. Importantly it also discusses the need for changes in energy markets as we decarbonise energy - just because we can produce power with no marginal cost doesn’t mean it should be free. Power markets have always evolved and we are in need of changes to both accelerate the #transition to a much lower carbon intensity and to ensure we continue to provide cheap, reliable electricity. Storage technology and tech improving grid efficiency can help reduce some of the constraints and unlock excess power but we also need better policy and pricing to encourage this. A shoutout to Tom Rowlands-Rees BNEF’s Global Head of Power Markets, Helen Kou Head of US Power, and Ian Berryman Head of Energy Systems Modeling for a great pod #energytransition #climatepolicy #systemsthinking #climatetech

I really enjoyed the last 20 minutes of this Shift Key podcast, one of my new favorite sources for energy market info. There is so much friction encountered throughout the lifecycle of an energy investment, due largely to non-standardized systems, programs, and protocols. These transaction costs, when combined with steep customer acquisition tolls, contribute to larger budgets and debt payments. WA State now has immense purchasing power primarily from the CCA, but IRA / IIJA receipts are material as well. How can this purchasing power be exercised to drive market standardization and automation? In exchange for financial support covering a large portfolio of projects, maybe integral stakeholders can be convinced to change their ways, particularly if grants or incentives are helping to subsidize internal pivots. What might you add to this list? - On-bill financing - Permit and interconnection reform - Utility rebate design simplifications - Grid enhancing technologies - Data collection - Code and regulatory compliance - Program participation, for things like C-PACER - Software technology adoption among service providers - More relaxed loan covenants and due-diligence The state will have greater leverage if it can enable more transactions. By targeting the larger system, total costs can be trimmed back so technology becomes increasingly accessible to more community members with fewer subsidies. There is a lot of weight behind the CCA. https://lnkd.in/g5qzsXzH

The Energy Gang podcast was the catalyst for my career path change. Great to see Jigar Shah back to discuss our growing electrical demand and how #VirtualPowerPlants and distributed energy resources can help solve these challenges.

The latest 🎙Redefining Energy podcast with myself, Laurent Segalen and Michael Barnard is about Bill Gates and #vaclavsmil and their views on #energy. I have read a lot of Vaclav Smil's book on energy but I don't agree with a lot of his conclusions which underestimate the speed of current change in the energy world and the consequences of electrifying and digitalising the energy system. Bill Gates does agree with Smil and this has consequences for capital deployment and who wins in the energy revolution...As it stands it is not Bill Gates' investments or even the climate but China and a whole host of Chinese companies such as #BYD, #CATL, #Longi, #Sungrow #Goldwind who are focussing on the key decentralised technologies of #solar, #wind, #powerelectronics and #batteries You can listen to 🎙️Ep143: Bill Gates and Energy (part 1/2) - the Thesis here: #applepodcast https://lnkd.in/dhTv48S #spotify https://lnkd.in/ditGthT

'AI’s power needs will only get worse, per a Boston Consulting Group report, which pinned current power consumption by data centers at 2.5%, and forecasted up to a three-fold rise to 7.5% by 2030. This hike in demand may not be fillable by existing generation capacity, and certainly not by renewable sources... ...“Crypto miners and data centers will be responsible for over 50% of the added growth [to power demand]. We need to take a close look at those two industries,” Texas Lieutenant Gov. Dan Patrick said in a Jun 12 post to X...' https://lnkd.in/gXcR5GaZ