Lapo Pistelli’s Post

The International Energy Agency (IEA) has released the World Energy Outlook and the link to this document is in the comments. As per every year, it contains a lot of information and it takes some time to unpack and The New York Times published this article today on the report. “In energy history, we’ve witnessed the age of coal and the age of oil,” said Fatih Birol, the executive director of the International Energy Agency. “We’re now moving at speed into the age of electricity, which will define the global energy system going forward.” "Electricity demand has historically gone up as societies grow more affluent. But a few recent trends have accelerated that growth, the report said." #electricity #energy #energytransition #energypolicy #energysecurity #infrastructure https://lnkd.in/eUzsMsme

The cost of the Princess Elisabeth energy island in the North Sea could soar to 7 billion euros, significantly higher than the initial estimate of 2.2 billion euros. Learn more in this report from the Belga News Agency. https://spkl.io/6040fpZ8I The development of Energy Islands has been an important topic at our last two AC and DC Power Transmission conferences, so we’re interested to hear more about how this story develops. #EnergyIslands #CostIncrease #RenewableEnergy

Today's International Energy Agency (IEA) report "Empowering Ukraine Through a Decentralised Electricity System" carries an important message: 🟢 Distributed energy resources (DERs) are a vital solution to address #Ukraine's power deficit while enhancing its energy security, resilience, and flexibility. 🟢 The report finds that an optimal mix of DERs and new gas-fired generation assets will help the country reach its 2030 targets. 👍 A distributed and diverse energy system is more resilient: that was also one of the conclusions of the #eugine10thanniversary event at the beginning of this month. 🔗 https://lnkd.in/e-2yS5BJ #resilience #securityofsupply #distributedenergy Wärtsilä Energy INNIO Group MAN Energy Solutions EC POWER Rolls-Royce Power Systems AG ABB

The IEA’s significant role in the energy transition This Wednesday, the International Energy Agency (IEA) releases its 2024 World Energy Outlook. This highly anticipated annual publication serves as a crucial benchmark for understanding global energy trends and future projections. The 2024 release is particularly significant given the ongoing energy transition, geopolitical tensions, and economic uncertainties. https://lnkd.in/ebbqaYjg

A great explanation of how Moroccan wind and solar will contribute to our energy security

Energy Minister Makozo Chikote today addressed the nation on how government is addressing the ongoing electricity shortage and working to build a more diversified, resilient energy sector that's fit for the future. This includes: ➡ Recalling power exports ➡ Increasing energy generation ➡ Rolling out diesel generators ➡ Encouraging a 'solar explosion' of local energy generation ➡ Cutting down on unnecessary usage Find out more in the article below.

Today, the National Energy System Operator issued a capacity market notice for the third time this winter. The notice was later cancelled, but it’s worth talking about. In layman’s terms, this was a warning: the grid was going to struggle to meet demand this evening. It’s cold, so demand is higher, and it’s not particularly windy in the UK today, meaning wind plants have been generating very little electricity. The purpose of the notice was to get the market to respond by ramping up and turning on other means of generation - or reversing the flow of interconnectors - to meet the increased demand. In such instances, the market always responds, and the lights stay on. However, gas plants are often used to compensate. This is not clean power, and as more gas plants are retired, this will become increasingly more difficult. That’s why our Morocco – UK Power Project and the broader idea of a global grid will prove so important in the Net Zero transition. Trade winds in Morocco are consistently strong and do not correlate with those in the UK, meaning any gaps left by intermittency here will be plugged.   The Project can also increase or decrease supply in sub-second response times, which is necessary to balance the grid and will help Britain to avoid balancing costs associated with, for example, having to use Combined Cycle Gas Turbines (CCGTs). To be clear, the Morocco – UK Power Project will not replace or dismiss existing and future projects in the UK – solar and wind generated here is exceptionally valuable. It will instead complement these measures, firming up Great Britain’s supply, which is particularly crucial on day like today. #Xlinks

Well, it turns out that National Energy System Operator needed to pay one gas operator - Vitol, £5,000 per MWh or 500p/kWh for three hours of electricity yesterday. When Xlinks is live, we would have provided the full 3.6GW of power during those peak times for a fraction of that cost (~£100/MWh or 10p/kWh). Because of the reliability of the generation and the dispatchability of our batteries, we can optimise the provision of power to ensure that we can provide 100% reliability for any 3 hour period that the NESO needs. We provide 94% availability for peak hours between 7am to 11pm, thereby massively reducing the cost of balancing the grid going forward. https://lnkd.in/ecRXjNaz

This is another reason why the Xlinks project is so important for the United Kingdom. When the wind isn’t blowing and the sun isn’t shining, we can use renewable power generated in Morocco to supplement the needs of the UK market and reduce the reliance on natural gas. Connecting grids (UK, Europe, North America) in this way is a fantastic way of ensuring countries can benefit from secure, reliable and green energy across the globe.

'Ukraine must act now to meet its immediate power needs, while also planning for the years ahead, according to the report. It finds that a more decentralised system – with growing capacities of rooftop solar, wind, batteries and small modular gas turbines – could mitigate the impacts of the ongoing attacks and align Ukraine’s energy system with the government’s long-term goals for energy security and decarbonisation.' https://lnkd.in/eDqfN2vH