@mtaylornz
Energy transition thought leader, numbers guy, lapsed energy modeller, 3 decades worth of learning in energy so far... Independent consultant (EME Consulting). Ex-lead of IRENA's work on RE costs. All opinions are my own.
In my MSc dissertation on climate finance, I show that very high-level financial actors consider the integration of climate data to be a necessary condition for informed decision-making. This means that JP Morgan and other banks are, in effect, making the informed decision to short the Earth.
If your boss or company tells you to do something unethical: don't say yes. Make them write it down.
agreed
Cheap natural gas-fired power?
Not in Indiana according to Duke Energy
A cool USD 2236/kW on a brownfield site - and that doesn't include the gas pipeline, so not comparable to solar/wind
That is more or less twice what most expansion models assume globally
Is this the new norm for the U.S.?
done!
Fantastic graphics in this effort. Honestly, hats off to them...
Any one here I can follow?
A decade ago an old colleague of mine at the IEA once made the point that the 'best car mileage' hadn't changed in almost 50 years, car makers had cannibalized tech progress to sell bigger more expensive cars, even at the bottom end...
Put another way, we squandered a good 30 years of tech progress
EV sales yet again disappointing, legacy automakers will be relieved they can relax their disinfo campaigns...
I wrote this NASA page about wildfires and climate change, and I'm so excited it's finally live. It's a tireless effort to get big pages published at NASA - as it should be!
How long will it remain up? Who knows. Check it out while you still can. 🧪 #climatesky
science.nasa.gov/wildfires-an...
Except who's going to harvest the vegetables?
This why you don't listen to dairy/livestock people when it comes to anything vegetarian/vegan...All they know is it's 'a bad thing'
I hear you, & that's what most experts seem to say.
Doesn't that imply that for AI chat bots to be actually useful you need to be an expert?
Aren't we then just acting as Prof., grading the AIs effort?
Put another way: the actual value added seems marginal, but the potential damage extensive
Surprise surprise
...and when AI starts referencing AI outputs to get better at AI'ing then we're all doomed...
This is a really great example of how careful thought and iteration can make compelling, impactful graphics.
Wonderful #DataViz
Ha ha, I can do the summary of that now:
These two things are true...
1) Future prices are the best estimate of actual prices in the future
2) Futures prices are a terrible predictor of future actual prices
But yeah, its a good topic. I will have to think about how I can do it in 2-3 mins!
You too!
Pulp & paper production can use fossil fuels for their heat & electricity needs or they can use their byproducts, black liquor & the wood residues.
It makes no sense to use fossil fuels & the black liquor if discharged into water courses will destroy aquatic life and turn the river a caramel colour
I was working mostly on cost data, so here you see the major projects for which we found cost data by feedstock.
Note this isn't necessarily representative of the global shares, just the data we found for costs...
this doesn't include dedicated energy crops...
And i was clear Drax isn't part of the solution.
There is also potential for the complementary growing of energy feedstocks with plants that help fix nitrogen, in conjunction with agriculture in developing countries
Drax isn't a good, but that's not to say there aren't good bioenergy options globally
that was the point of me saying 'bioenergy'
Its wood in Drax's case, but if you look at the feedstocks globally you will see that outside the narrow (blinkered, even??) confines of the OECD there are a lot of agricultural and forestry residues that are being combusted.
1/
THREAD: New UK govt contract with Drax biomass power plant
* 4-yr contract 2027-2031
* £113/MWh (2012 prices – £155 in today's money)
* Output cap of 6TWh (<2% of UK supplies, cf recent yrs 12-15TWh)
* CfD cost ~£500m/yr
* 100% of fuel must be "sustainable", up from 70%
1/5
and a huge 'thank you' to Ignacio Cruz at CIEMAT for inviting me to present to the Clean Energy Transition Partnership meeting.
Not sure he is on here, but you can find him at Linkedin...
5/5
www.linkedin.com/in/ignacio-c...
This is a longer form presentation, but I hope to do shorter ones (2-3 mins) on a regular basis. Any ideas on what I should do next? Drop them in the comments!
4/
A big part of that is the impact of today's higher interest rates and the impact that will potentially have on the weighted average cost of capital (WACC).
Spoiler alert, its really significant and therefore the cost of electricity from offshore wind projects is going to be higher.
3/
Supply chain challenges still face the industry so I discussed how offshore wind is impacted by a set of lagged cost pressures. Thus it takes time for increases in materials prices to flow through into turbine pricing, which is then seen in commissioned projects 2-3 years later (or more).
2/
One of the things I was looking forward to as an independent consultant was more freedom on the comms side of things.
So here's a presentation on trends in the offshore wind industry, specifically trends in project characteristics, technology and costs.
1/
youtu.be/uKpzp9ZSYbk?...
Copenhagen Infrastructure Partners kicks off 960MWh South Australia battery storage project #energysky -- via Energy Storage News: www.energy-storage.n...
Extraordinary few passages in Richard Buckminster Fuller's "Operating Manual For Spaceship Earth" (1969) where he dwells on humanity's exploitation and use of fossil fuels:
"lethally ignorant and utterly irresponsible to our upcoming generations"
archive.org/details/oper...
There is a danger we assume no more value for PV at midday, when that may not be true if we have full demand-side integration & time for batteries to deploy
All of that is incentivised, as you say, by negative prices
So lets see...
3/3
