Curious about the future of electricity markets dominated by intermittent renewable energy sources and if it will replace the conventional merit order? Werner Antweiler (UBC Sauder School of Business) and Felix Muesgens' (Brandenburgische Technische Universität Cottbus-Senftenberg) research explored these questions about electricity markets in Texas and Germany. Their findings reveal the emergence of a 'new merit order' in market equilibrium. Despite the dominance of intermittent sources, energy-only markets remain not only viable but also functional. SSRN #USAEE https://lnkd.in/gvxiWmfX
United States Association for Energy Economics’ Post
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Renewable energy is more popular than politicians realize, according to a study by UBC’s school of community and regional planning. In this Q&A, Dr. Holly Caggiano, who co-authored this research, discusses why U.S. policymakers’ attitudes towards renewable energy projects are a problem, and parallels to the Canadian context. Read more: https://bit.ly/3Th9GYs
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In-depth community research reveals the challenges of the change to renewable energy. The first results of ‘This is Transition’, a 12-month study of community opinions, values, and motivations impacting the country’s shift from coal and gas-fired electricity to renewable power, have today been published. This study has been commissioned by ZEN Energy, and conducted by highly regarded research firm Essential Research. Together, we will continue exploring the challenges and the opportunities to become a renewable energy Superpower. Read more on our website and watch this space for more updates: https://lnkd.in/gyffJdzW #MediaRelase #ThisIsTransition #RenewableEnergy #Research
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Glad to share that our recent paper about uncertainty pricing has been accepted by IEEE Transactions on Sustainable Energy. Renewables are changing the electricity market. The market model and price formulation should evolve to consider the stochastic nature of renewables. This paper extends our previous work on this important topic by considering flexibility provision from energy storage and pricing flexibility accordingly. Please check out this article if you are interested https://lnkd.in/gE8vSuUt
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Given The AES Corporation's role in creating and first commercializing grid-scale lithium-ion-based energy storage over 15 years ago, it fills me with great satisfaction to see that the two largest economies in the country, California and Texas, now get more than 10% of their dispatchable capacity from batteries. We are now even seeing periods of the day in California when energy storage is the single largest source of power on the grid. Energy storage installed capacity is expected to double in the US by the end of the year.
This The New York Times article made my day! It does a great job of explaining how battery storage integrates renewable energy and reduces the need for fossil fuel power plants. 😁💡🌎 Kudos to Brad Plumer and Nadja Popovich for their excellent reporting, as well as Helen Kou at BloombergNEF, Andrés Gluski at The AES Corporation and Stephanie Smith at Eolian for providing their insight.
Giant Batteries Are Transforming the Way the U.S. Uses Electricity
nytimes.com
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Do you know that China dominates renewable energy? Uncover how China's leadership in renewable energy is revolutionising the solar panel industry. Check the video here https://lnkd.in/geMxx_-R
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Encouraging to see RMI, Princeton University, National Renewable Energy Laboratory, REsurety, Inc., and WattTime.org collaborate on a framework for assessing the grid #decarbonization impact of voluntary corporate action. This summary has stuck with me: "One useful mental framework to reason through this complexity is to note that in nearly every case, all of these different effects ultimately only change emissions in one of two ways: (1) effects that change how much different power plants get used or (2) effects that change what power plants do or do not get built. Total impact is the sum of these two effects."
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🌞 Exciting News! A cutting-edge 30MW PV-energy storage project using Trina Solar's Vertex N 700W modules has been completed! Once fully commissioned, the project, located in a desert region with high irradiance, will: - Generate 1.45 billion kWh of renewable energy - Save 442,000 tons of standard coal - Save 1.206 million tons of CO2 - Cut 232 tons of sulfur dioxide - Cut 260 tons of nitrogen oxides Dive into more about this project and discover how Trina Solar's n-type settings-based solutions can meet users' needs in a variety of rugged conditions and tough terrains: https://bit.ly/3Hzv8S6 #TrinaSolarUS #TrinaVertexN #VertexN
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The progress, day by day, of energy storage in the electrical sector is impressive and it fills me with enthusiasm and pride that AES Corp is one of the main global players in this technology. Energy storage is present and is a fundamental piece in the energy transition
This The New York Times article made my day! It does a great job of explaining how battery storage integrates renewable energy and reduces the need for fossil fuel power plants. 😁💡🌎 Kudos to Brad Plumer and Nadja Popovich for their excellent reporting, as well as Helen Kou at BloombergNEF, Andrés Gluski at The AES Corporation and Stephanie Smith at Eolian for providing their insight.
Giant Batteries Are Transforming the Way the U.S. Uses Electricity
nytimes.com
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Founder | Krishnan & Associates | Global Energy Practice | Marketing & Analytics | Over 500+ Blue Chip Tech, Digital & Energy Clients | Advisor, GE Digital & Many More (See Client List) | krishnaninc.com
What role does Long Duration Energy Storage play in achieving higher shares of renewable energy? Expert panelists from Sumitomo SHI FW, EASE - The European Association for Storage of Energy and Long Duration Energy Storage Council (LDES Council) will unravel the intricacies of policy landscapes and market mechanisms in the EU and US, providing insights into the essential incentives needed for widespread adoption of Long Duration Energy Storage (LDES) technologies. Don't miss out on this exclusive opportunity to stay ahead in the evolving energy storage landscape! Register now 👉 https://lnkd.in/eBP9rTqd Webinar Highlights: ✅ The necessity of LDES in the decarbonization journey ✅ Value addition for market players ✅ Policies and market mechanisms in the EU and US ✅ Incentives for widespread deployment of LDES technologies Get to know the panelists: 🎤 Jan Andersson from Sumitomo SHI FW 🎤 Patrick Clerens from EASE - The European Association for Storage of Energy 🎤 Alex Campbell from Long Duration Energy Storage Council (LDES Council) #SumitomoSHIFW #EnergyStorage #LDES #Decarbonization #EU #USA #SustainableEnergy #Decarbonization #PoweringTheFuture #NetZero #EnergyTransition #Sustainability #Renewables #LAES Upma Koul, Tomas Harju-Jeanty, Matylda Frankiewicz, Angelika Damert, Polla Esguerra, Maarit Gratschew, Ashok Krishnan, PhD, Joona Heinonen, Jari Nokelainen
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Partner | Business & Policy Advisory | Energy Expert
6moInteresting findings for the future price structure on #electricity #markets! Thanks Felix Muesgens and Werner Antweiler for that Research.