Michael Hayes’ Post

Transmission congestion is a huge issue for the US power grid, with some estimates putting the bill for the unavailability of lowest cost generation at more than US$20 billion annually. Whether you’re an asset owner or a #powertrader, how do you understand and adapt quickly to the impact of congestion on #powermarkets? Find out more: https://okt.to/zqvPug

Here's your weekly Americas short-term #power insight💡: How will the return of Three Mile Island impact PJM ISO? On September 20th, Constellation, in partnership with Microsoft, announced their intention to bring Unit 1 of Three Mile Island {TMI} back from retirement in part to meet Microsoft's growing need AI data center demand. Additionally, Holtec has begun the process of bringing Palisades nuclear plant back online, with a targeted return in 2025. The return of these nuclear units comes at a time of increasing concerns surrounding the explosive demand growth of energy intensive industries. These large demand centers continue highlight challenges facing power markets today such as rising coal generation retirement, interconnection queue backlogs, and increasing renewable generation, which lead to recent record high-capacity prices in PJM. The interaction between these returning generators and data centers will be important to monitor. In the case of TMI, if the data center expansion was targeted to be co-located near the plant, this raises questions about the larger grid impact. Will this additional generation support the ISO during critical periods and alleviate long term capacity concerns or will the energy flow directly to these demand centers? How will these large loads be supported in the event of a generation outage? To find out more about Wood Mackenzie’s PJM analyst’s view, click here: https://okt.to/DxcvdG

In Q2, the US #energystorage market set a new record for highest second quarter of installations on record, with California leading deployments in all storage segments. The U.S. energy storage monitor is a quarterly publication of Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP). Each quarter, we gather data on U.S. energy storage, including: - Deployments by market segment and state - Technology trends and market share - Front-of-the-meter system prices - Vendor ecosystem and partnerships - In-depth state market analysis - Deployment forecasts by state and market Curious about what the next 5 years hold? Access the free Energy Storage Monitor Q3 2024 executive summary here: https://okt.to/3eyOHo

The Energy Gang is kicking off it's #ClimateWeekNYC series by tackling one of the most debated topics in the energy industry. Ed Crooks is joined by Bjorn Otto Sverdrup, Chair of the The Oil & Gas Decarbonization Charter (OGDC), and Gernot Wagner, a climate economist from Columbia Business School, to explore the oil and gas sector's role in the energy transition. Bjorn discusses how oil and gas companies can use their resources to reduce emissions and develop low-carbon technologies, while Gernot stresses the importance of thinking beyond short-term fixes like methane reductions and focusing on long-term solutions that wean us off fossil fuels entirely. Should the oil and gas industry stick with business as usual while lowering emissions, or is a full transformation necessary? Plus, what role do policy and carbon pricing play in making the energy transition a reality? Listen now and subscribe wherever you get your podcasts, or keep an eye on our socials for more of the exclusive content we have lined up this week. https://okt.to/5j4Mux

The steel industry is at a pivotal moment, facing the dual challenges of meeting global demand while addressing the urgent need for sustainability. Our latest infographic provides an in-depth analysis of the latest advancements in green steelmaking technologies, highlighting the transition towards more environmentally responsible practices projected for 2050. It also explores the dominant technologies in direct reduced iron (DRI) production, including Midrex, rotary kilns, and Energiron, as well as hydrogen-based steelmaking and the future prospects of CCUS technologies within the steel sector. Download your copy here: https://okt.to/Rh2eZr

ONE WEEK TO GO: On Monday 30 September, our senior experts will discuss how leading industry stakeholders are closely monitoring Chinese OEMs global progress and the potential strategies to stay competitive. The webinar will consist of short presentations on key topics including: 🔹 Analysis of global wind turbine order intake through H1 2024 🔹 Impact of Chinese OEMs on global order intake and advancements internationally 🔹 Market share projections of turbine OEMs and industry reactions, and a 🔹 Q&A Session. Find out more and sign up here: https://okt.to/mUADV1

With the introduction of new legislation in both the EU and the US — the Critical Raw Materials Act (EU) and the Inflation Reduction Act (US) — both regions are taking big steps to improve supply chain security and resilience. But with electric vehicle sales falling short, our electric vehicle and battery supply chain service explores if either market can realistically achieve its targets. To download the full slide deck and watch the webinar or to read our key findings in this article, click here: https://okt.to/wYlnF4