Thank you Gerard, good points which resonate with what we're read in the media in the last few weeks. I would however nuance your final mantra, "compete, baby, compete". The Draghi has successfully stressed this last point to increase European efficiency and productivity, but I would be careful in an energy context.
Europe needs competitive industries, indeed, but it also desperately needs state-driven investments to support this industry: grid infrastructure is the first one that comes to mind. And here we are talking about natural monopolies, which NEED to by highly regulated and are not exposed to the rules of the market.
And even for competitive markets, massive subsidies will be needed to get the ball rolling, for example in industry electrification. Solar and batteries are following nice Business 101 S-shaped adoption curves (rather exponential at the moment), but let's not forget this was all started by massive subsidy programs.
Europe's goal shouldn't be to just replace Chinese or American goods with European goods by copying one economic model or the other. It must first figure out what model it wants to apply itself to achieve a sustainable society (and not just random "Sustainability Goals" decided with a hammer).
NetZero is a fantasy…VRE unfortunately cannot replace thermal generation.
After 20 years and £bazillions, lil ol’ UK, emitting less than 1% of global CO2, still cannot retire any firm generators, and is dependent upon imports to keep from blacking out.
For their trouble, they now have the highest power prices in Europe, and are rapidly deindustrializing due to the high prices.
There’s still never been a successful demonstration of grid-scale non-dispatchable power.Keeping adding more VRE is madness.
And, there are no viable plans to power the world without hydrocarbons - save nuclear power.
Can you point to any actions that can give those rooting for Europe hope? I’ve seen a lot written on this but less action and commitment when it comes to energy, in particular.
Germany getting rid of the debt break & securing funding for energy inflation is be one point
another would is, that we can electrify industry with known technology & deploy this known & competitive technology. On an European level 80% of industrial production could be electrified by 2030, if you look out to 2035, the share can be 93% of industrial production, leaving only a sliver of 7% depending on fossil until then.
Deploying technology thats known, but not yet at fully mature levels pushes the share to 99%.
In any case, the remaining sliver can be covered with European fossil gas & other non-electric technology, such as h2 or e-methanol in caverns or tanks.
Thank you Gerard, good points which resonate with what we're read in the media in the last few weeks. I would however nuance your final mantra, "compete, baby, compete". The Draghi has successfully stressed this last point to increase European efficiency and productivity, but I would be careful in an energy context.
Europe needs competitive industries, indeed, but it also desperately needs state-driven investments to support this industry: grid infrastructure is the first one that comes to mind. And here we are talking about natural monopolies, which NEED to by highly regulated and are not exposed to the rules of the market.
And even for competitive markets, massive subsidies will be needed to get the ball rolling, for example in industry electrification. Solar and batteries are following nice Business 101 S-shaped adoption curves (rather exponential at the moment), but let's not forget this was all started by massive subsidy programs.
Europe's goal shouldn't be to just replace Chinese or American goods with European goods by copying one economic model or the other. It must first figure out what model it wants to apply itself to achieve a sustainable society (and not just random "Sustainability Goals" decided with a hammer).
NetZero is a fantasy…VRE unfortunately cannot replace thermal generation.
After 20 years and £bazillions, lil ol’ UK, emitting less than 1% of global CO2, still cannot retire any firm generators, and is dependent upon imports to keep from blacking out.
For their trouble, they now have the highest power prices in Europe, and are rapidly deindustrializing due to the high prices.
There’s still never been a successful demonstration of grid-scale non-dispatchable power.Keeping adding more VRE is madness.
And, there are no viable plans to power the world without hydrocarbons - save nuclear power.
NetZero is dead.
Frankly, the myth that only rotating masses can keep a grid stable explodes at the very moment you confront it with reality:
Nuclear contribution to Texas (of all places) stability markets is…
…
wait for it
…
ZERO
Whereas renewables (mainly batteries)
have 80% .
There's a sliver of fossil gas left, but that will go as soon as ERCOT finalizes its grid forming inverter specification roll-out.
There will be a day when technology can provide grid inertia at reasonable cost.
That day has not yet arrived. Synthetic inertia is still much costlier.
It wrecks credibility to state that a rotating turbine on any thermal generator (nuclear, in your example) contributed NO inertia is ridiculous.
Was the nuclear generator offline? If it was running, how could the generator NOT add inertia to the grid mix.
Do you have details?
Can you point to any actions that can give those rooting for Europe hope? I’ve seen a lot written on this but less action and commitment when it comes to energy, in particular.
Germany getting rid of the debt break & securing funding for energy inflation is be one point
another would is, that we can electrify industry with known technology & deploy this known & competitive technology. On an European level 80% of industrial production could be electrified by 2030, if you look out to 2035, the share can be 93% of industrial production, leaving only a sliver of 7% depending on fossil until then.
Deploying technology thats known, but not yet at fully mature levels pushes the share to 99%.
In any case, the remaining sliver can be covered with European fossil gas & other non-electric technology, such as h2 or e-methanol in caverns or tanks.
Millibrain and NetZero need consignment to the dustbin of history.
This massive con trick must end while we still have some money.