Ron Pernick’s Post

We recently hosted a webinar featuring our CEO Ernest J. Moniz and Energy Futures Finance Forum Managing Director Jeffrey D. Brown (https://lnkd.in/d3vZBgF9) on new analysis on how the United States can upgrade its #transmission capacity to support growing energy demand and the #cleanenergy transition. Their discussion covered the challenges of lengthy interconnection queues, the need for increased investment, and strategic planning to manage the electricity demand driven by technology advancements and electrification.

Read more about DOE's exciting announcement this week: the #GridStorageLaunchpad (GSL) is officially here. This facility is a testament to the world-class American energy innovation apparatus leveraging DOE and the national labs to spur public-private partnerships that can deploy innovative technologies to boost grid reliability and reduce costs. Read more about how the GSL came to be and the opportunities ahead: https://lnkd.in/e2RQU_JF

📣 PSA: The various segments of the energy transition are not a monolith and can be non-correlated to one another. For example, "The Nasdaq Clean Edge Smart Grid Infrastructure Index ended last year up more than 20%, led by companies such as Eaton Corp., ABB Ltd. and Schneider Electric SE, compared with the more than 20% decline of the S&P Global Clean Energy Index."   This is precisely why Blue Horizon Capital’s BNE INDEX provides holistic exposure to the New Energy Economy, diversified across:   🚗 E-Mobility 🔋 Energy Storage 🔗 Performance Materials 🔌 Energy Distribution ⚡ Energy Generation   #cleantech #newenergyeconomy #energytransition Tony Fusco John Mitchell   https://lnkd.in/gKSJt8Kd

ENTSO-E Strategic Roadmap 2023 – 2025   ENTSO-E’s recently published 2023-5 roadmap has good and bad points. It is short-term objectives, not strategic, being published one-third of the way through its short 3-year horizon. But most of those objectives are good.   One of its best points is its acknowledgement of the need to re-design the market, its development and its operation: these are currently not fit for purpose, and can be developed to become so, as described elsewhere. The achievable benefits of the re-design are over €10 trillion in overall costs by 2050, and private finance would be able to do much more of it. The system’s reliability and resilience would also greatly benefit.   The section Infrastructure and investments is a good focus, but remains over-reliant on interconnectors which cannot work in the “kalte Dunkelflaute” and other times of system stress such as similar weather patterns covering fewer countries, for a few days: from where will the imports come, to keep the system running, when neighbouring countries have no exportable surplus? And how much would the multi-terawatt grid lines cost, which would have to cross Europe in all directions? How much copper etc. would it need? I have elsewhere outlined ways to improve the grid’s reliability and resilience at minimum cost.   While “smart” energy developments and energy systems flexibility are excellent, they only optimise what is there: if there is not enough energy available, within accessible storage capabilities, no amount of optimisation will make up the shortfall.   Grid operability is considered location by location, and with statutory separation of System and Network operation. Planning and control must be reintegrated to run an affordable, reliable and resilient grid, as each part depends on the others. A System Operator, for example, can find and buy balancing and ancillary services locally to a problem; alternatively, making the distant renewables dispatchable, would solve the problem much better and more cheaply, but the Network Operator would have to be involved. The benefits to Network construction need to be shared with the developer, and the System Operator would have to provide long-duration contracts covering its capabilities. Making the whole system both Net Zero and profitable without subsidy, the societal cost of emissions would need to be levied, which is over five times higher than the current carbon price. Again, I have outlined solutions elsewhere.   Including deployment of solutions in the innovation scope is really positive.     #EnergyTransition #NetZero #Renewables #Grid #EnergyStorage #EnergySecurity #LDES #Electricity #Hydrogen #ElectricityStorage #HydrogenEconomy #CAES #Cleanergi #BusinessLift https://lnkd.in/ehbrnjxn

One of the most ambitious undertakings of the energy transition/upgrade, given how 90+% of large projects finish behind schedule and over budget (likely that 111mm km is an underestimation). The quote refers to clean energy, but it's really ALL energy we need to be thinking about now: "BloombergNEF analysis estimates that to meet the demand for clean energy, the world will need to nearly double its #grid network to 111 million kilometers by 2050." https://lnkd.in/gRaBK_MS

🏗️⚡ This insightful article from the U.S. Department of Energy (DOE) sheds light on the groundbreaking efforts to reimagine and rebuild America's energy grid. "As we reimagine and rebuild America to prepare for a net-zero future, a modernized electricity grid is a critical component to increasing resiliency in our most essential services and infrastructure." Read the full article in the link below 👇 https://hubs.la/Q02p7jcJ0 #EnergyTransformation #Sustainability #Innovation #CleanEnergy #InfrastructureRevolution

Biggest manmade machine – the connected Electricity Distribution Grids in Europe, and no time to rest. The pressure is on you (read: the grid) and you need to adapt, grow and switch from one-way to bi-directional. A number of societal mega trends are changing the energy systems at disruptive speed, causing growing electricity distribution grid priorities as ‘Resilience and reliability’, ‘Electricity demand growth and variability’, and not the least ‘Empowering customers’. In the report we identify the key enablers that must be in place to deliver the required investment and speed up grid development. In terms of regulation, we consider adjustments to the current incremental and backward-looking regulatory framework, to a true forward-looking approach that supports the grid acceleration required to realize the energy transition. And we determine how the supply chain, from materials to manufacturing, permitting and talent acquisition, must scale to deliver grids for speed. Please enjoy reading: https://lnkd.in/dt4FckG2 #EY #Energy #Gridforspeed #Decarbonisation

#PTR's COO, Hassan Zaheer, discusses the critical need for grid modernization in Energy Central's latest article: https://lnkd.in/eaPVDKCY Our net zero ambitions are growing, but are our power grids keeping pace? Hassan explores the challenges and opportunities presented by this evolving landscape. Read now and discover how we can future-proof our grids for a sustainable tomorrow! #NetZero #EnergyCentral #PowerGrids #PTRinsights

At this week's BloombergNEF Summit, a common theme across panels was the need to prioritize grid reliability in the short and long term. The energy transition is coinciding with a historic surge of demand. To power repatriated manufacturing and new data centers while integrating renewable power sources at scale may seem like an impossible feat. But the path to long-term reliable power as demand surges starts with the right plan. Data-driven investment strategies that align asset, finance, and regulatory stakeholders is the key to striking this critical balance. #Sustainability #AIP #EnergyTransition #Innovation

🌟 Big news! National Grid's $4B Upstate Upgrade is here. Transforming NY's grid for a clean energy future, boosting resilience, and fueling local economies. Let's power progress together! 💡🔌 #UpstateUpgrade #CleanEnergy #EconomicGrowth #GridResiliancy #Infrastructure #CriticalInfrastructure #InfrastructureInvestment #Sustainability #RenewableEnergy #NewYork