UKRENERGO REVIEW 3 – 10 NOVEMBER 2017
Are you tired of the constant informational flows? Last news is not the one you are looking for isn`t it? Don`t worry, Ukrenergo has already selected interesting and refreshing energy news. Welcome on board and stay tuned for the next 5 minutes:
- E-vehicle prospects. (Un)successful. Detroit: Pure electric vehicles will not begin to gain serious traction in most global markets until after 2025 and will likely account for only 14 percent of total global vehicle production by 2030, according to a study released on Thursday by Boston Consulting Group.
By then, the study’s authors said, improved battery technology, lower costs and government mandates will drive greater consumer demand for EVs, which this year will account for less than 1 percent of the nearly 100 million vehicles sold worldwide and only 6 percent by 2025.
“Eventually, we’ll reach a point where we don’t need incentives anymore” to boost EV sales, said Xavier Mosquet, BCG senior partner and lead author of the study. By 2030, Mosquet said, EV demand will be driven by market forces, not regulation. When will this happen?Republicans in the U.S. House of Representatives have already proposed eliminating one of the biggest EV incentives, a $7,500 tax credit, which could hurt automakers like General Motors Co, Tesla Inc and Nissan Motor Co that are selling large numbers of those vehicles.
BCG expects battery costs to fall rapidly after 2020, to as low as $80 per kilowatt-hour by 2025, compared with about $150 today and more than $650 in 2010.
Great news, isn`t it? Share of the e-vehicles will increase 14 times in 14 years. We are not that close to the completely all-electric world however the scope of the e-expansion is impressive.
2. New policy framework for the energy sector. The energy industry requires a new policy framework based on clear objectives and a simpler structure. That is according to EY’s Chief Economist, Mark Gregory, who suggested this is necessary after the slowing economy, the EU Referendumand a shift in public mood have reduced business confidence, scared investors and seen the value of the pound plummet. Mr Gregory said he expects these economic conditions to persist for the next 12 to 18 months and possibly longer.
He suggested regulation in the energy sector has often been deployed where competition was either deemed as unviable or insufficient to deliver desired outcomes.
The economist said this approach is now under intense pressure, with both of the UK’s largest political parties increasingly turning to policies based around greater intervention in the energy sector.
Mr Gregory said: “Resources are squeezed and policymakers will be looking at ways to ease the burden on consumers, especially at the lower end of the income spectrum.
“The moves to regulate tariffs recently announced are likely to be the tip of the iceberg. Ownership and financing are likely to be areas that politicians identify as requiring attention.”
He added he thinks the Helm Review correctly identifies many of the challenges, especially the complex policy and structural environment now facing the sector.
3. Killing pollution. The Lancet Commission on Pollution and Health published a complete report on the influence of the pollution on the environment (http://www.thelancet.com/commissions/pollution-and-health). It proves that filthy air, contaminated water and other polluted parts of our environmentkill more people worldwide each year than almost everything else combined– smoking, hunger, natural disasters, war, murder, AIDS, tuberculosis and malaria. It’s no wonder then that the number of contaminated water-related deaths in Puerto Rico is expected to climb into the thousands. In addition to the human tragedy this pollution costs us well over $4 trillion in annual losses, or 6% of global GDP. According to the study, diseases cause 9 million people every year, one in every six premature deaths, from toxic exposures in the environment. That’s 20 times more than all wars. Dr. Philip Landrigan, Dean of Global Health at the Icahn School of Medicine at Mount Sinai and the lead author of the report, noted, ‘There’s been a lot of study of pollution, but it’s never received the resources or level of attention as, say, AIDS or climate change’. China knows this better than any other country. Over 300,000 people die each year from toxic emissions coming out of coal-fired power plants alone. The problem has already gained the worldwide status and it should be solved as soon as possible. The solution is right here and it is called…renewables.
4. World`s tallest wind turbine is now in Germany. German company Max Bögl Wind AG has built the world’s tallest wind turbine. The turbine ‘hub’ is 178m (584ft) tall, and the tower’s total height – to the tips of the upward extended blades – is 246.5m (809ft).
For every meter increase in turbine height , annual energy output is increased 0.5-1% due to lower turbulence and higher wind speeds.
The wind turbines are located in Gaildorf, Germany. The project cost €70M ($81M) and is expected to generate €6.5M ($7.6M) revenue per year. It is part of a ‘water battery’ pilot project.
The single turbine that is the tallest is part of a group of four units with heights ranging from 155-178m (508-584ft). Atop each of the individual towers is a “GE 3.4-137” 3.4MW generator. The developers believe the units will average about 10,500MWh/year – an approximate capacity factor of 34.4%. An average US household uses about 10MWh/year.
Max Bögl Wind AG specializes in building some of the world’s tallest turbines. Its System 160+ (pdf) is able to gain these heights because it “includes a new segment geometry in the pre-stressed concrete tower base section and cylindrical rings used as middle sections.” Looking for the day when the wind turbines will decorate more and more territory.
5. Join the “green” side. Facing uncertain future, fossil fuel workers want retraining in renewables. Main reason of the following tendency amounts to the oil prices drop as well as decrease in oil production especially in Alberta. In addition, extracting crude oil from sand, water, clay and bitumen is expensive. For a new oilsands company to break even in 2016, it needed the price for a barrel of oil to be US$85 to US$95.
In this context, employment in the renewables industry has a lot to offer. In Alberta, it is in growth mode—its government has committed to secure 30 per cent of the province’s energy from renewables by 2030. Provided renewable technologies are not dependent on subsidies for the long-term, the industry should offer workers relative economic stability.
Many of the skills integral to the oilsands are directly transferable to the renewables sector. Installing solar panels requires electricians, building wind turbines relies on welders and locating and maintaining geothermal wells depends on drilling engineers. Keep calm and do not be scared of the power staff reduction. “Green” energy will save the climate and job positions.