Physics Versus Markets. Everywhere you look, the need for power market reforms is obvious. Transportation is electrifying, but are we speeding up the permitting for new charging stations? Trucking is going electric, but how will distribution centers get utility service to charge 100 trucks simultaneously? Grid operators are sounding the alarm about capacity reserves, yet auctions aren’t clearing rates to build new assets and even if they did, would projects get interconnections in time? Offshore windfarms will join congested grid connections without adequate flexibility at those POIs. My point is that we know that the grid needs more intelligent flexibility but market or pricing signals are not coming fast enough to deploy the trillions of dollars necessary. This is not a unique problem to the US, grids are not keeping up with the needs of tomorrow’s economy.
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- Reuters: National Grid CEO calls for urgent policy reforms to speed energy transition
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- Axios: Corporate heavyweights unveil major carbon removal deal
- Solar Power World: NC net-metering changes pushed from July to October
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Opinion
Best, Yann