renewables

“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.”

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

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

“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.”

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

“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.”

“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.”

“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.”

“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%.”

“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.”

“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 …”

“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.”

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

“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.”

“Electrified transport surpassed renewables for the first time.”

“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…”

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

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

“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…”