New OIES Research Paper - Hedging and Tail Risk in Electricity Markets oxfordenergy.org/wpcms/wp-conte…

Batteries are a vital part of the energy transition. Here's why: - They're the fastest growing clean technology on the market - They help meet climate goals & ensure energy security - They bring down emissions in power & transport International Energy Agency's new report ➡️ iea.li/3QmAogL

Pyhäjärven energiavarastohanke jatkaa uuden konsortion voimin, mukana akku, pumppuvoimala ja aurinkovoimaa: sens.se/en/17/28/press…

The reason batteries are now seen as the solution is their spectacular price reduction. When I wrote a book on electric vehicles in 2008, prices where around $1500/kWh and they didn't last long. Now we are heading for $50/kWh: 30x less! See my thread: x.com/AukeHoekstra/s…

In 2019, the average size of battery storage projects built in the U.S. was 4 MW. The average battery built so far this year was 61 MW—15x bigger.

Dave Jones This graph is even more telling. Batteries are killing it

5. Lithium-iron-phosphate is taking over the battery market. It is set to cross 50% of the passenger EV market in the next 2 years, dramatically reducing the need for nickel, manganese and cobalt in the years ahead.

Really important stuff ⤵️. The clean energy transition is largely about substituting fixed capital assets for fuel consumption. That makes the cost of financing clean energy projects extremely important to the overall cost of the transition. Developing countries face higher

Päästöt ovat laskeneet vuonna 2023. Pikaennakkotiedon mukaan päästöt ilman maankäyttösektoria laskivat 5,1 Mt eli n. 11 % vuonna 2023 verrattuna vuoteen 2022. 📉 Maankäyttösektorin nettonielun heikkenemisen johdosta nettopäästöjen kehitys on kuitenkin huolestuttava.

Exploding CfD cost only arise if electricity demand grows much slower than supply (or if CfDs are badly designed). We suggest to improve cross-border coordination of electricity system development & enhance visibility of electrification-trends ...

We no longer need to model for when cell prices drop far enough to decarbonize road transport. That day is here trib.al/lLZOvrL

# RLHF is just barely RL Reinforcement Learning from Human Feedback (RLHF) is the third (and last) major stage of training an LLM, after pretraining and supervised finetuning (SFT). My rant on RLHF is that it is just barely RL, in a way that I think is not too widely

“The basic fact is you can be solar powered all night long with today’s accounting, and that’s absurd" -A superbly well reported piece by FT on the grand debate amongst the biggest tech companies on how to account for electricity purchases & emissions ⤵️ ft.com/content/2d6fc3…

What does the Contracts for Difference scheme mean for the UK's energy future? 💡 How can we maximize its impact for a sustainable and competitive edge? Emma Pinchbeck - Chief Exec at Energy UK discusses in this week's podcast - listen here bit.ly/energymission

NEW ANALYSIS: UK CfD auction secured 9.6GW of wind/solar, enough to generate >10% of current annual demand, at avg £80/MWh in today's money Per Aurora Energy Research's Pranav Menon – and contrary to some very misleading newspaper reports – "deploying this capacity ultimately lowers

Not sure there's a single chart that better summarizes the relentless improvement of batteries. Costs down over 90%, energy density up ~5X. In just over 20 years. Innovation is incredible. Chart from RMI rmi.org/the-rise-of-ba…

This is a great illustration of the impact batteries are having on electricity markets. 1. Batteries are taking over ancillary services markets. (services that ensure reliability and maintain things like voltage and frequency) 2. Because batteries can provide these services at

Fully electric drivetrains are winning the race so far in the heavy truck segment, with fuel cell vehicles capturing only a small share of the market.

1/ Today, Google signed the world’s first corporate agreement to purchase clean nuclear energy from a series of small modular reactors (SMRs), to be developed by Kairos Power - our first-ever advanced nuclear deal. ⚛ Our blog: blog.google/outreach-initi…

Key fact: clean energy technologies are vastly more efficient than fossil fuels technologies. Great visual RMI