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"Renewable Energy Paradigm Shift from Cost to Value" - Redefining Energy by "Engineering with Rosie"

image credit: Credit: Rosie Barnes
Laurent Segalen's picture
CEO Megawatt-X

Laurent is a Franco-British financier, founder of Megawatt-X, the London-based global platform for Renewable Energy Assets. For the past twenty years, Laurent has been trading and managing...

  • Member since 2019
  • 174 items added with 153,493 views
  • Apr 21, 2021

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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."


Matt Chester's picture
Matt Chester on Apr 21, 2021

Great conversation-- glad to see your chemistry translates to video as well as podcast!

Laurent Segalen's picture
Thank Laurent for the Post!
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