Renewables

“Japan and Korea in a slight panic have already committed to a much faster build out of renewables to get away from gas as quickly as possible. Almost all of their gas is imported LNG.”

“In all of history, we've never really had a true energy transition. We've just had energy additions, and the president of the S&P, and also awesome fossil fuel historian and energy thinker, Daniel Yergin, Says this a lot, right? Like we've only ever had additi…”

“Fossil fuels aren't going away in a hurry, because the mix of energy you need, and the quantum of energy you need, compared to the AI, even more so, you're not going to get that easily only with renewables because of various aspects to do with the cycle as wel…”

“Fossil fuels or conventional fuels are a hedge on reliability, ultimately, that they provide reliability benefits to a system that has become more reliant on, ah, intermittent sources of electricity, but clean energy systems or renewables are a hedge on geopol…”

“And so it really will be in the out years, 27 and 28, where we're going to see substantially less renewables coming online. So, so there's definitely going to be a slowdown.”

“If we could wave a magic wand and triple our output of all of our renewables, And include nuclear in there. Triple all of that. That doesn't get us to 52,000 terawatts. You still need fossil fuel. You still need oil. You still need coal. And in fact, we're goi…”

“Unlike renewables, where the development cost might be in the tens of millions of dollars at most It's hundreds of millions of dollars for nuclear, and you can't just have a power purchase agreement to make that kind of investment as a developer.”

“Right now, 95% of all of the energy we generate in America is from renewables.”

“FERC published a report just this past week. And what do you think it said was the percentage of incremental electricity that was generated from renewables versus non-renewables? I'll tell you the answer. It was almost 91% in December.”

“Renewables have been at cost parity for actually a little while, like that five years or so, maybe more even at this point.”

“I see renewables as just a massively overcapitalized space. It will likely torch capital on multiples of what happened to shale.”

“We think there's too much capital chasing renewables, and renewables are actually disrupting our grid system. They're causing intraday price volatility. They're causing electricity to be less reliable.”

“The vast bulk, more than 90% of all the new electricity generation was brought on power in the US was renewables.”

“With the current known technology costs for different types of storage and different types of generation, what the model does is it really Largely overbuilds renewables to solve the winter scenario, right? And now you have this large overbuilt renewable base. …”

“Look at South Australia with 70% renewables in the system and almost 3000 hours a year of negative electricity prices.”

“Jesse Jenkins has, is publishing a paper shortly exploring that. His paper findings really excited us because he found that in looking at systems that he modeled in the east, eastern side of the U.S., for every megawatt of heat batteries that show up in the sy…”

“To make renewables truly capacity, you generally need multiple types of storage. You need some storage that's gonna, you know, do your daily peak shaving type of thing, your four-hour lithium ion, you know, workhorse of the grid type of thing. But then increas…”

“Utilities are starting to see that, yes, it's very difficult to get, you know, a gigawatt of multi-day storage today, but in a few years, and certainly by the early twenty-thirties, they're going to want gigawatts of multi-day storage as a compliment to their …”

“Electrified transport surpassed renewables for the first time.”

“And it strikes me that we're not going to triple, you know, the renewed installed renewables using this model. I think we need something radically different, and it's exciting to think about what that might look like.”

“Renewables are set to contribute about 80% of new power capacity by 2030, with PV, solar PV alone, counting for more than half.”

“Ultimately a lot of that hydrogen production is going to be probably off grid, you know, basically paired directly with large scale Renewables in the cheapest places where you can access renewable power.”

“If about a 20 millimetric tons or so of clean hydrogen are produced globally by the end of the decade, And we got to about 16% of all the renewables we expect to deploy this decade will just go to the production of hydrogen.”

“SPP, the grid operator, and the Great Plains, like, every year is setting new records for, I don't have the numbers off the top of my head, but, like, just The vast majority of the system is running off of renewables.”

“We're getting, on some of the records, we're seeing there are days where, you know, renewables are serving 30% of the Texas, of Texas load, of ERCOT load, and I mean, 30% of ERCOT's load, it's 82 gigawatts.”

“We're starting to push past that first phase of the energy transition where we're just bringing, and it Megawatt hours of clean power online and we're not really to the upward bounds of, like, You know, we're not to 50 or 60% renewables yet, but, like, we can …”

“Think about the tsunami of renewables that are already waiting. They've literally already been built. They're just sitting there in the dirt, wind farms and solar panels waiting because we don't have a virtualization of the grid.”

“Over 80% of renewables are installed in Republican districts around the country.”

“So as we see natural gas prices rise, as they inevitably will over the next five to 10 years, We'll also see renewables become more popular as conservative politicians try to save consumers money.”

“So they are not signing new PPAs with new wind to as off takers to kind of make these plans happen. They're signing PPAs with retailers and utilities mostly conventional types of deals, such as being put on base interruptible rates. So, you know, it provides d…”

“Yeah, we're a little over 40% now on, on average. You know, there are days that we're probably in the high seventies percents, and days in the summer we're in the teens. So on average, 40, 45, 46%.”

“Yes, it's a coal plant in Wyoming, and the margins are quite small but it's one of the newest plants and most efficient as well.”

“You know, some coal plants are kind of close at the margin to the cost of new renewables, but a lot of the coal plants, more than 80%, are at least 30% more expensive to operate on a going-forward basis than the new renewables.”

“One of the things we wanted to highlight with this report, again, with the local renewables, is you can potentially reuse the interconnection rights that utilities have at these coal plants and transfer them to new renewables that can get ahead of the queue an…”

“You know, I don't know where things are gonna go, but I think the fact that the Inflation Reduction Act incentives are durable for the next 10 years mean that the trend we've observed is, is not going anywhere fast.”

“These are tremendous size of portfolios and financings that really starting to reflect the size of financing in oil and gas or nuclear industries, and attracting some major larger players to come into the space and be able to write these type of check sizes.”

“We'll see a much lower install capacity in twenty-twenty-three of renewables than in twenty-twenty-two, or than what was projected due to supply chain constraints.”

“If we do a units conversion and ask ourselves, we want to repower that with renewables, it's about 10,600 gigawatts of renewables, wind and solar with typical capacity factors, needed to replace that fuel consumption.”

“Over time, we're going to see energy intensive industries adapt to where renewables are cheapest, but look, for the next 20 years, it is all about repowering the facilities that we have today”

“It gives, you know, thirty billion to renewables, ten billion to EVs, and sixty billion to low-income and energy communities.”

“I think it's pretty easy to make the case that most of what we see today in this space, certainly in the case of renewables, at least would not exist, at least not at the current scale. Had that bill not deployed billions of dollars across an array of technolo…”

“So all the renewables that we have been having that, that are presented as the solution in order to reduce natural gas are actually not enough to compensate the drop in In hydro and in nuclear.”

“If you're going to be making crypto, do it cleanly. And if you do it cleanly, that actually starts to become sort of interesting as a grid resource because there's a way to shift load into making crypto and you can make money when there's really high amounts o…”

“I really just don't believe that the market has digested the public acceptance and siting and environmental permitting risks to net zero scale. Renewables and transmission.”

“I believe that renewables are not all we'll ever need for power sector decarbonization. Like, I do think we need some additional form of very power-dense, you know, something that can replace coal power from a land use standpoint. Something on, you know, new, …”

“In fact, the intermittency and storage issues associated with renewables like solar and wind have largely been addressed in recent years.”

“The problem is that electricity is cheap and batteries are operated intermittently, so making money on storage can be tricky if you don't have a lot of renewables that Produce significant price volatility.”

“It's all buying from renewables using this green exchange that Beijing has set up.”

“You know, renewables substitute coal and gas in the electricity sector, but basically as a direct primary energy source, renewables right now have nothing to do with oil.”

“80% or more of our energy comes from fossil fuels and will in spite of all the focus on renewables for the next 20 years.”

“I'm not, you know, defending this practice, but I'm just noting that a lot of these emissions are either sort of latent or a large part of the energy mix of proof of work mining is from renewables.”

“And it may bounce up and down, but it goes into secular decline. And then that means bankruptcies of fossil fuel companies, and I don't think we're being thoughtful about then what those companies obligations are for cleanup afterwards.”

“I have no idea other than that it's going to upend everything. If a nation's wealth and standing in the world is no longer dictated by geology, but rather by the innovation of its people, and which is renewables, how does that change geopolitics? I mean, drama…”