Vitaly Vidavskiy’s Post

This Monday my colleagues will be giving a view of the key trends we've been seeing in European power markets and what we think about them. https://lnkd.in/dB5s44Re

good news for the industry:

It looks like we can expect more negative prices in the UK power markets for the next few years, based on Modo Energy 's forecasts below. Good news for flexibility asset owners, renewable power generators, and perhaps less obviously the grid operators as well. I can imagine strong commercial justification for investment in flexible assets (such as batteries), resulting in more providers of grid services, taking the pressure off balancing supply and demand. Quentin 'Q' Scrimshire does this also give signals on where installing new batteries would be most profitable?

Can u convert electricity into something valuable using a bit of kit that has a CAPX low enough to run 30% of the time and still pay its loans. If so get ready to scale.

The case for energy storage everywhere…

What to do with #excesselectricity from #renewables? Store in #hightemperature #heat?

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Dive into the latest energy news with Clearing Up. Subscribe now to get in-depth analysis and expert insights covering the greater Pacific Northwest: https://lnkd.in/gvvy4vm

We need flexible pricing urgently - the UK will have zero priced wholesale electricity for 1000 hours a year within 3 years.Thank you Quentin and Modo Energy for sharing this. This is the first time I have seen figures I believe, but what the Modo Energy chart does not show is that this could rise to 4000 hours per annum around 2030 if demand remains static. This is driven by the large increase in offshore wind generation. When you model energy systems you see that at low levels of renewables there is never any surplus electricity. As you add more renewables and hit a point where they are supplying 60-65% of your electricity you hit an inflection point where the number of hours of surplus generation suddenly rises very rapidly as you add more renewables. South Australia hit this in 2021. The UK will hit it in 2027. Everywhere else in the world within 15 years. The problem is pretty obvious which is if you don’t stimulate extra demand at these times you will start wasting VAST amounts of electricity. At present in the UK we add 10p/kWh to each unit the consumer buys so it is cheaper to turn the wind farm down rather than use it - this has to change and heat is probably the answer. Electrification of heat is probably the only flexible demand that is large enough to absorb this amount of energy. Caldera Thermal Storage UK tepeo Sunamp

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