Anders Thulin

🚀 BloombergNEF New Energy Outlook 24' is here! Read on to find out how it ties into BATRAW 🫣👇 First, some important facts about the #BNEFNEO: 🌍 If we step up our efforts, a significant 15% reduction in global CO2 emissions will come only from electrifying sectors like vehicles. 🔋 By 2050 renewables will double their current capacity, making up 50% of global generation by 2030. As renewables surge, the role of #batteries becomes even more vital, recharging during peak generation and ensuring a stable grid even when renewable output dips. 🌱 As land use increases exponentially, it is crucial to maintain a balance between energy transition, food demand and biodiversity conservation. In the future, dual use of land or new technologies could help solve this problem. What is the #BATRAWproject offering? 🐝 BeePlanet Factory pilot aims to give end-of-life EV batteries a second life, for example, integrating them into the grid to store excess energy for later use. ⛏️ Orano , addressing the sharp rise in land use, aims to develop efficient methods to extract #CRMs from the black mass of EV batteries, reducing the need for new resources and supporting sustainability across all battery applications. For more insights, see: https://lnkd.in/ezrmeK4 #circulareconomy #EUGreenDeal #HorizonEurope

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A colleague asked me based on the last 5 years of ERCOT wind and solar hourly output how many GW of wind + solar + MWh of storage would be needed to deliver a continuous 1GW of Carbon Free Energy for every hour in the period. That was a fun question. So I pulled hourly data from here for ERCOT https://lnkd.in/e9DcWKk to give me a database of Jan 1, 2019 to Feb 1, 2024 of hourly wind and solar generation. Then I pulled installed wind and solar data capacity from here for ERCOT: https://lnkd.in/gaxU2JAd I used the installed capacity of wind and solar to convert the actual generation through the period to hourly outputs as a percentage of the installed capacity at the time (I just linearly interpolated solar and wind installed capacity throughout the year from capacity for the end of the previous year to end of the current year based on the EIA installed capacity inventories). With those hourly percentages I set up a calculator to tell me if I installed 'x' GWs of solar or wind in ERCOT what I would get looking at every hour in the Jan 1, 2019 to Feb 1, 2024 dataset. I then setup a calculator to figure out a storage inventory based on a continuous need for 1GW of Carbon Free Energy (CFE) needed for every hour in the dataset. I did a number of runs with different installations of Wind (GW), Solar (GW), and Storage (MWh) to see if they could deliver 1GW of energy for every hour in the ~45,000 hour dataset. Below is a table of results.

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ERCOT is projected to significantly expand its battery energy storage capacity from the current 4 GW to approximately 20 GW by 2035, driven by increasing electricity demand and the need for flexible power sources. This expansion is highlighted in a report by Aurora Energy Research. 🔋 Current Capacity: About 4 GW of energy storage. 🔋 End of 2024 Projection: Between 6.4 GW and 8.4 GW. 🔋 2035 Projection: Approximately 20 GW of energy storage. 🔋 During a two-day freeze in January, batteries saved Texas consumers an estimated $683 million in real-time market costs by providing essential ancillary services and freeing up to 3 GW of gas generation to meet critical energy needs. Source: https://lnkd.in/dMJMjKVm https://lnkd.in/dwrnK8YS https://lnkd.in/dt88jxmS

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Solar and wind are the fasted growing sources of energy in history. When you combine innovation with policy support for the demand and supply side, you get competition and investment in manufacturing capacity. The result is strong demand and falling prices. There's a lesson here for scaling other clean energy technologies. Chart via Ember. #energytransition #renewables #cleanenergy #solar #wind #energy

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Progress in the next 10 years is "critical," per BloombergNEF, to unlock renewable resource interconnection and achieve net-zero 2050 goals. Including a tripling of renewables buildout by 2030. We see from the interconnection queues that a large portion of these new resources will be solar #PV and battery energy storage systems #BESS (as well as notable increases in wind). All these technologies are inverter-based resources (#IBR) that will have a significant impact on how the grid is planned, designed, engineered, and operators. #IBRs change the fundamental characteristics, including stability, of the bulk power system. It is imperative that we collectively tackle forward-looking challenges proactively rather than waiting for reliability risks to emerge and acting reactively. Given the rapid pace of change, we need quick action that 1) balances limitations of the existing resource base and system, 2) fully leverages the technology of newly connecting resources (e.g., IEEE 2800-2022, grid forming, etc.), and 3) drives long-term wholistic grid planning solutions with adequate near term multi-value projects (e.g., grid-enhancing technologies #GETs, advanced conductors, etc.). #energytransition #gridtransformation #gridreliability #gridstability #standards #transmissionplanning #ibr #solar #bess Elevate Energy Consulting Source: https://lnkd.in/grKkZ_TP

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Doc Bakey predicts a potential coincident peak day in the PJM Markets with demands expected to reach 149,000 MW. To save on next year's capacity and transmission payments, consider reducing your loads from 3 to 6 PM. Here are some safety tips to beat the heat: - Treat your steering wheel with respect and cool off with a wet towel before touching it. - Wear feet protection on sidewalks, sand, and pool decks to avoid regrets later. - Drink plenty of fluids, like water, before feeling thirsty, especially when outdoors or active. - Spend time in air-conditioned spaces, use blinds to block the sun, and take cool showers to stay cool. - Opt for loose, lightweight, light-colored clothing, a wide-brimmed hat, sunglasses, and sunscreen when outdoors. - Take frequent breaks in the shade or air-conditioned areas during the hottest part of the day. - Stay vigilant for signs of heat-related illnesses and check on family, older adults, neighbors, and pets. Let's stay safe and beat the heat together! #SafetyTips #HeatWave #StayCool #MadEnergyMinute #DocBakey

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Batteries in ERCOT are getting bigger - soon, 200+ MW systems will be the norm. In June 2024, ERCOT experienced its largest-ever monthly increase in new battery energy storage capacity. 649 MW of rated power - with 1,040 MWh of energy capacity - became commercially operational across five sites. This brings the total rated power of commercially operational BESS to 5.3 GW. Since the beginning of 2023, this figure has grown by 2.7x. And it wasn't just the largest-ever increase in rated power and energy capacity in ERCOT. June also saw the commissioning of the largest-ever battery projects - both in terms of rated power and energy capacity. ENGIE’s Five Wells project became the largest battery by rated power in ERCOT at 221 MW. This surpassed ENGIE’s 206 MW Libra BESS, which came online in April of this year. Additionally, Plus Power completed two projects that now share the record for the largest energy capacity (400 MWh) of any battery in ERCOT: - Ebony, located just north of San Antonio, and - Anemoi, near McAllen in the Rio Grande Valley. The average size of battery energy storage systems in ERCOT now stands at 42 MW. This represents a 31% increase from the 32 MW average from exactly twelve months ago. Much of the buildout in the next 18 months will come from batteries larger than 200 MW. By the end of 2025, expect around 40% of the total rated power of battery energy storage systems in ERCOT to come from 200+ MW assets. #BatteryEnergyStorage #ERCOT #RenewableEnergy

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🚨 Tierra Climate'𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐒𝐭𝐮𝐝𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐄𝐑𝐂𝐎𝐓 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐅𝐥𝐞𝐞𝐭 𝐢𝐬 𝐍𝐨𝐰 𝐋𝐢𝐯𝐞! 🚨 We’re thrilled to release our report 'Supercharging Battery Economics, Shrinking Emissions,' which covers the financial and environmental performance of the ERCOT battery fleet in 2023. 👏 In collaboration with REsurety, Inc., WattTime.org, Grid Status, and Modo Energy, we've put together the single most comprehensive study on the environmental challenges and opportunities of utility-scale batteries, and particularly how carbon contracts can revolutionize the energy storage landscape and accelerate grid decarbonization. ⚡ To dive deeper into these insights, we invite you to download the full study using the following link: https://lnkd.in/gGC-6rQz Special thanks to the following for their contributions to this work: Jacob Mansfield, Emma Konet, Jason Goldman, Grant Boggess, Adam Reeve, Sarah Sofia, Nathaniel Steinsultz, Henry Richardson, Connor Waldoch, Max Kanter, Andrew Gelston, Brandt Vermillion, Neil Weaver, Eric Hittinger, and Thomas Lee. 🙏 #EnergyStorage #Batteries #Decarbonization #RenewableEnergy #Sustainability #ERCOT #CarbonOffsets

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A comprehensive study on the environmental challenges and opportunities of utility-scale batteries and how carbon contracts can revolutionize the energy storage landscape and accelerate grid decarbonization.

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Grid Status is a great website for tracking US electricity markets. https://lnkd.in/dD4uSswg Yesterday at sunset prices reached near peak scarcity prices in ERCOT in the real time market (over $4000/MWh). Grid status summary page for ERCOT lets you see why https://lnkd.in/eZ4PSWSm (admittedly this is on the ERCOT website too but it is only easy to get to today's info on the ERCOT website - at least for me - and a lot less easy to get to yesterday or any day earlier than that there (e.g. today's data readily accessible here https://lnkd.in/gmk74yvz)). Grid status will remark on notable stuff on their linkedin page - here is their post about yesterday's ERCOT prices https://lnkd.in/eR8GFS6E The pic below is from their website summarizing April 16th with those notable realtime evening prices.

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Want to keep up with all the latest ERCOT battery energy storage insights? Modo Energy's ERCOT Briefing newsletter is completely free. Get in-depth insights delivered to your inbox - as soon as they drop. Keep an eye on all the latest operational revenue strategies and market movements. Stay ahead of your competitors, and understand how batteries are being operated in Texas. Sign up now. Link in comments.👇 #ERCOT #BatteryEnergyStorage

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ECRS deployment is about to change - but what will that mean for battery energy storage systems in ERCOT? NPRR 1224 was approved by ERCOT's Board earlier this week. That means new triggers for ECRS deployment are coming - which should prevent excessive 'artificial scarcity' price spikes this summer. Check out this explainer vid from Modo's ERCOT Market Lead Brandt Vermillion. #BatteryEnergyStorage #ERCOT #AncillaryServices

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Another 40 GW of solar and wind capacity coming to the U.S. power grid this year could generate ~10 GW of baseload-equivalent generation because of its intermittency. Will the wave of renewable installs be enough to flatten natural gas’ power gen gains this summer? Yes, likely, say analysts. However, one wrinkle is Canada, according to Wood Mackenzie. The northern neighbor has uncharacteristically flipped to a net importer of U.S. power (5 GW swing in April) and could provide uplift to U.S. generation this summer. Worth checking if Canada-bound electrons are in your model. Natural Gas Intelligence https://lnkd.in/e4iUpp-a

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Low carbon hydrogen production is set to increase x30 to from 0.5mt/yr to 16.4mt/yr by 2030 on the back of supportive policies and a maturing project pipeline. That's the projection in a new Bloomberg report, published yesterday. The US will account for more than one third of that new supply, and when you add the EU and China to that you get to over 80% of the total. Whilst this is all good news, the report also points out that it's insufficient to deliver most government targets. Further mechanisms are needed to de-risk projects and reduce delivery lead times. #hydrogen #energytransition #energy

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This Week in Energy: Must-Read Insights! 📰 -- 🔋 Key UK BESS Developer Announces Asset-Sale Amid Shifting Market Dynamics! https://lnkd.in/gPFjUjz2 -- 8 GW of Battery Projects, Representing $11bn of Investment, Secured Financial Close in the United States Since the Start of 2023. https://lnkd.in/g2WhgQkZ -- 📈 Can Uniper's Onshore Wind Strategy in Poland Drive Market Expansion? https://lnkd.in/geA467fV -- 🚀 Global Offshore Wind Developer BlueFloat Energy Up for Grabs: Uncover the Strategic Value of This €500mn Opportunity https://lnkd.in/gUTCYEYU #RenewableEnergy #SolarPower #WindEnergy #BatteryStorage #EnergyTransition #CleanEnergy

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🌡️ Rising temperatures are likely to stress power grids this summer according to North American Electric Reliability Corporation (NERC)'s 2024 Summer Reliability Assessment. The report highlights seven areas in North America at risk for having insufficient energy supply in above-normal conditions, including the Midwest, Texas and California. See the full report here: https://lnkd.in/ezhxU69V Extreme weather caused by climate change is just one of several reasons why the world needs to decarbonize power generation. But, good news: NET Power is uniquely suited to generate clean electricity that’s reliable and affordable, too. Learn how we do it: https://lnkd.in/dEK259f

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On the latest United States Energy Association Power Sector Podcast, GridStor VP of Policy & Strategy Jason Burwen joined journalist Herman Trabish to discuss the evolution of utility-scale battery storage in the U.S. and key challenges--particularly the rationing of scarce interconnections and the slow-down in completing related transmission network upgrades--that policymakers can address to increase storage deployments. Find full episode links to YouTube and Spotify at https://lnkd.in/gvUY6WaN #PowerSector #Energy #USEA #PodcastGuest #EnergySystems #AmericanEnergy #EnergyReliability #UtilityScale #BatteryEnergyStorage #GridStor

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