Electravision: 2024 energy paper
Electravision. The predominant vision for the future involves the electrification of everything, powered by solar, wind, transmission and distributed energy storage. This vision primarily relies upon the greater efficiency of electric motors and heat pumps vs their fossil fuel counterparts. While the grid is getting greener, electrification is advancing at a much slower pace for reasons related to chemistry, physics, cost, politics and human behavior. Our 14th annual energy paper takes a closer look, and also includes sections on nuclear power, China, hydrogen, “net zero oil” and Gaza’s energy future.
Michael Cembalest, JP Morgan Asset Management
Wonderful compendium! Would love to see the sharp pencils at JPM dig into the cost factors for nuclear - it really is the answer for the issues posed in the report. NuScale cost per MW goes up > 6x on rising reinforced concrete prices (?) Really? PPI for ready mix concrete mfg was up < 11% from 2020-22. Where is General Groves when we need him...
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6moI don't have VR headset.... How to connect ? All farmed , no more resource
Data Management Lead, JPMorgan Chase & Co.
6moEach of these reports make me wait for the next one. Very well compiled with facts and figures as always. Thank you.
Thank you Michael for a great report as allways