"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."
Episode #98: 'Maximizing Innovative Grid Tech to Transform the Power Sector' with David Groarke, Paul Sayour, and Leo Trudel of Indigo Advisory Group [an Energy Central Power Perspectives™ Podcast]
The utility industry is amidst a revolution of the types, complexity, and scale of advanced technologies that are transforming the business. After many decades of incremental advancements to the technological side of the grid, we are now in the..
This document contains links to all of the major / educational papers I have written and posted to Energy Central. I originally posted this document at the end of 2018. This quarterly update is at the end of the third quarter (September) of 2022.
In this episode of Watt Matters, we make sense of the short and long-term measures that Brussels is proposing to alleviate Europe's energy price crisis and its impact on the EU's energy companies.
Mitigating climate change is important, really important, and the sooner, the better. The first major step in this process is converting our electricity to 100% greenhouse gas (GHG) free generation. This is because all other major producers of..
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.