Welcome to the brave new world of plentiful, variable, zero marginal cost renewable energy, By all indications – we ain’t seen nothing yet
The power sector’s rapid transformation has barely started, but implications for incumbents are beginning to be felt and speculated.
New York grid operator says future grid will not only become more decentralized and de-carbonized, but it will increasingly be bi-directional, if not multi-directional.
Once peak oil is finally reached – whenever that is – demand will begin to drop thereafter, perhaps precipitously.
Coal’s long term prospects do not look good in the US, or for that matter anywhere else
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
New ownership models and technological advances will utterly transform the mobility market. And that’s bad news for Big Oil.
Whether EVs will be charged from rooftop panels – as Tesla etc would like it – or from a network of charging stations – as utilities would like it – it is only a matter of time.
Startups are figuring out ways to beat incumbents in their own game. Virtual power plants may be the answer.
California grid operator under-estimated speed of solar uptake by at least 4 years – and the belly of the duck is getting fatter much sooner than expected.