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Topic: Hybrid Power Plants

[Episode #122] – Hybrid Power Plants

The days of worrying about the intermittency of solar and wind farms are quickly receding into the past as battery storage systems are added to existing plants, and new renewable plants are increasingly equipped with large battery storage systems from the outset as so-called “hybrid” power plants. In fact, 25% of all new solar PV plants waiting to connect to bulk power systems are now hybrid plants incorporating battery systems, and on the California wholesale power market, 96% of solar PV and 75% of wind projects launched in 2019 were paired with batteries. All at prices that beat the cost of conventional power plants.

But figuring out the best way to deploy utility-scale battery storage systems isn’t just a matter of dispatchability and system balancing. In fact, it turns out that tax credit incentives and market rules are far more significant determinants. That’s one finding of a new research paper led by several researchers at the Lawrence Berkeley National Laboratory, who modeled various ways of pairing battery storage systems with utility-scale wind and solar farms. In this episode, we explore the details of this modeling with one of the paper’s authors and speculate that it might actually be better to deploy large scale storage systems independently of wind and solar farms, if market rules were more supportive of the strategy.

Geek rating: 8

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[Episode #110] – Death Toll for Petrol

Electric vehicles have many fairly well-known advantages over conventional, petroleum-fueled vehicles. But what most people are yet to realize is the massive energetic advantage an EV can have when powered by renewables over a conventional vehicle powered by oil. In fact, an EV powered by wind or solar can deliver six to seven times as much mobility as a typical car powered by gasoline. This startling finding implies that in the long run, oil prices would need to drop drastically for conventional cars to remain competitive with EVs running on renewables. In fact, the price of oil would have to fall far below the current breakeven price for producing it. In other words, it could mean the end of growth in oil demand. In this episode, we take a deep dive into all the numbers involved in this fascinating analysis by a veteran sell-side analyst with BNP Paribas. Oil producers and automakers ignore these findings at their peril.

Geek rating: 9

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