Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
This is an interesting analysis of the path ahead for the energy transition - and a reminder that the transition is driven largely by economic opportunity created by technology advancements in the last 20 years (solar, battery, cloud-based control/communication). These technologies, now described as distributed energy resources (DERs), outperform centralized/legacy generation in most cases as the analysis suggests, and will continue to advance as technology inevitably does. A further observation - policy can democratize access to the value DERs provide, creating systemic and economic benefits on both sides of the meter.
#distributedenergyresources#BESS#demandresponse#evcharging
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
A quick read on how to to build power generation quickly. Market is now hungry for ⚡️. See opinion and one page graphic. #Naturalgas will be in the race along with #wind and #solar. Not just one path to run on.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Build trust; enhance your community; design with nature; empower people through control & choice; decentralize & democratize; walk gently and seek efficient resource use.
The traditional technologies are losing. High costs, slow speed to market, and awful environmental impacts are holding back coal. Fossil fuel advocates are ranting about DEI. (Learning about social injustice ... is that a bad thing?) Yes, we could have improved market structures and streamlined regulations. Let's do the hard work. But let's not fight the renewable energy technologies that will dominate the 21st century.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Valuable information: in a time of uncertainty, what is certain is the low cost of #solar and #wind in relation to the alternatives to meeting incremental energy demand across the U.S.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
This really highlights the core problem of nuclear. Nuclear has an intrinsic economic, delivery and practicality problem. Nuclear simply needs to scale, very rapidly, in order to become much cheaper, faster, simpler and more accessible, and less controversial in order to accede to a major component of the global energy mix. This is despite all the optimistic news about data centers and nuclear... who bears the cost/risk and who benefits? It won't be big data. It really distills down as to where most of the energy capital flows are going in the next 5 years: oil and gas? battery storage? CCUS? nuclear? 'All-of-the-above' is a convenient answer but doesn't cut it... energy investments are long-term. All are competing technologies. There will always be winners and losers.
Right now, fossils (gas) and renewables + storage are charging way ahead and advancing quickly... meanwhile there is just chatter about nuclear, but where is the firm demand and real order flow (answer: nowhere)... rational customers continue to wait on the sidelines... despite any cautious or outright optimism, and 'cheerleading' from the nuclear crowd, nuclear is clearly, and once again being left far behind.
In terms of scale, nuclear has not even emerged as a blip on the radar. Despite optimism, the current situation in the US (but also in Europe and other global markets) may prove to move further away from nuclear as a near-term affordable, deployable, scalable technology: too expensive, too slow, too complex (as much as I, nuclear friends and colleagues would like to argue that these factors should not be the case).
Without an immediate multinational consensus to establish a global nuclear scaling entity, like IBNI, there remains little hope for nuclear to compete in energy markets all around the world anytime soon. It is and always has been an economic problem that needs to be solved (and is not being solved). Current tenuous geopolitical situations seems to be drifting very far away from multinational cooperation.... Will US/France/Korea/Canada/UK/Japan each independently and sufficiently scale their nuclear sectors while fiercely competing against each other? (answer: No). Will China and Russia? (answer: most likely, Yes: but such technologies will remain polarized and the economic competitiveness of such industries and supply chains will not likely to transcend to the west).
This is reality and time is now for the nuclear club to stop the 'victory lap' and '3rd nuclear renaissance cheerleading' and take a pragmatic view as to where nuclear really stands... 2x, 3x, 5x, 10x nuclear by 2025... all just a big fat fantasy. Let's get back to reality. Business-as-usual individual government funding, export supports, private sector and commercial markets are not equipped for the task. There is no magic wand. Once again, nuclear needs IBNI and it needs it now. We need multinational cooperation, not fighting amongst friends, not protectionist policies.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Great summary from Professor Usher focused on leaning into the business and market demands to understand how to navigate current questions on administration changes.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
The energy transition in the US is driven by the cost-effectiveness and rapid deployment of wind, solar, and battery storage, despite political challenges, as demand surges with AI growth.
Thanks for Bruce' sharing.
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
Senior advisor @ IAEA and IBNI | Nuclear development and finance | Team Japan/UK, Bulgaria, Ghana, Jordan, Saudi, South Africa and US | Private developers | Trainer | ex-Citi NY, CACIB Paris and HSBC London
@all the cautiously optimistic nuclear advocates out there (including myself)
Bruce Usher and NextEra Energy Resources reflect the challenge so very well.
The benefits of nuclear energy are not getting accounted for in this analysis, mostly because they are invisible, hard to quantify and close to impossible to sell politically across more than 1-2 elections.
Those are actually very good, practical reasons to sideline or even abandon most of the nuclear programs out there (you know who you are!).
The first challenge for nuclear is to reframe the question. Are we solving for clean, reliable and low LCoE power only for some markets, say between now and the next 20 years, when we will need to repower, replace and recycle all those solar panels, WTGs and batteries? Not to mention carry out all the grid work to make those connections viable...
Isn’t the ambition more about a longer term and more expansive vision, where all the infrastructure is in place for access to high quality energy for decades to come so that - for example - unit production costs are better predictors of end-user bills, and energy cost/reliability is a simple constant in the budgets and business models of all the households and companies that save, spend and invest for the future?
#Nuclear, over to you!
Professor, Columbia Business School and Columbia Climate School
Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director,
The Tamer Institute for Social Enterprise and Climate Change
Unsurprisingly, I'm receiving a lot of questions about the impact Trump will have on the energy transition in the US. I won't speculate on what policies will be enacted or repealed, but I do know that cheap power that deploys quickly beats costly power that is slow to build. NextEra Energy, Inc., the most valuable utility company in the world, just summed up the future of US power with this one-page graphic. Wind and solar with battery storage are cheap and ready now. Gas is still needed for capacity but it's also costly and takes time. Nuclear is very slow to build and very costly. President Trump's hatred of renewable energy will slow the energy transition and force Americans to pay more for less. The demand for power in America is growing rapidly with the growth in AI, it's a good bet that the cheapest and fastest to deploy will meet much of that need. #solar#wind
