"Renewable Energy Paradigm Shift from Cost to Value" - Redefining Energy by "Engineering with Rosie"
- Apr 21, 2021 10:21 am GMT
Engineering with Rosie - Youtube
"Chapter one took 20 years but you know, cost: we won that victory... So now we need to work on value."
Solar and wind power are now the lowest-cost new power generation in the world. But even though you might get the lowest cost of energy by installing a lot of solar panels, they'll generate electricity at the exact same time as all the neighbouring solar panels... which makes electricity prices low.
Clearly the cost of energy isn't the whole story, we need to think about value.
It will involve technologies like energy storage and interconnectors. But smart markets and smart regulators are what's needed to get the most out of these technologies.
Renewable energy finance experts Laurent Segalen and Gerard Reid (from the Redefining Energy podcast) explain the renewable energy transition we need to make from cost to value. In the interview we talk about LCOE, how intermittent renewables affect the grid and power prices, wholesale price vs capture price with increasing amounts of solar, the famous duck curve, value adjusted LCOE and finally how it all comes down to trust.
"Actually, if you want to decarbonise, what we have to do is we need to have smart regulators. There's just no way around this."
Every week, I host 'The KJ Show,' which offers a mix of breaking news and practical advice on how the energy industry affects the consumer. During this fast-paced show, I combine weekly energy updates with conversations with leaders in the energy..
As I started considering the IEEE Spectrum article used as a source for a future article, I found a lot to like. First of all, it described in detail the changes we (our societies) must make to implement Electric Vehicles, but also explored the..
Introducing the Energy Enablers podcast, a new series from FORESIGHT Climate & Energy, which will speak to experts who are making a difference in the race to a decarbonised economy.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.