ML Strategies, LLC’s Post

Check out this in-depth post-election analysis my colleagues and I wrote covering what can be expected from Trump on Day 1, Trump's cabinet picks, key changes in Congress, the fate of the Inflation Reduction Act, the future of permitting reform, and policy areas for bipartisanship. Please don't hesitate to reach out if you would like to discuss any of these areas more in-depth.

Romania to add 3 GW of new capacities by the end of 2026 We have a decarbonization law that stipulates that in 2030 we will no longer generate electricity from fossil fuels, which means that we must replace that energy generation with something else. And we have three sources: renewable energy, nuclear energy and gas as a transition fuel, Dan Dragan, Secretary of State – Ministry of Energy, […] https://lnkd.in/dV_FP2k8

While the draft IRP 2023 is correct in stating that its main purpose is to ensure energy security whilst considering the cost and environmental implications, we also need to look further at the ways in which we plan to diversify our energy sources and the supply chain. To date, the following technologies are part of the draft IRP 2023 horizons one and two scenarios and pathways. One and two scenario pathways looks at how we can address our short, medium and long-term energy needs. Coal to electricity. The life extension of coal power plants is also proposed Nuclear, including the life extension of Koeberg by 20 years and introduction of Small Modular Reactors (SMRs). Gas to power in the form of a Combined Cycle Gas Turbine (CCGT), Combined Cycle Gas Engine (CCGE) or Internal Combustion Engine (ICE). Conversion of existing Open Cycle Gas Turbine (OCGT) to CCGT and running on gas instead of diesel. Solar PV, Concentrated Solar Power and Wind to power, with storage. Hydropower.   The plan is for the IRP to be finalized by the end of May this year, and is currently out for public comment. #SANEDI #IRP2023 #Energysecurity #DiverseEnergyResources 

SOME experts have called for the holding of an energy indaba to discuss ways of complementing #Government’s measures aimed at addressing the country’s energy deficit and plan for the future in the wake of climate change. As part of proposed solutions to ensure energy security, there is a proposal for Government to invest in nuclear and wind energy to address the energy deficit. #Energy expert Johnstone Chikwanda said holding an energy indaba is welcome because it would be a good platform to chart the way forward on how best citizens can embrace the energy transition. READ MORE: https://shorturl.at/sGLNT

What Could Be Nation’s Largest Solar Project Proposed by Feds at Eastern WA Nuclear Site (Tri-City Herald, WA via Yahoo News) “The Department of Energy…announced Thursday that it had picked Hecate Energy based in Chicago, Ill., for a gigawatt-scale project on up to 8,000 acres of unused nuclear reservation land near the southeast edge of the Hanford site.” “…the project would not produce baseload power that provides electricity regardless of the weather. Now most battery projects store power for a matter of hours, such as storing power for several hours into the evening when the sun is not shining, but not for days or weeks at a time.” https://lnkd.in/gUCTqVxG #solar #solarenergy #solarpower #renewableenergy #cleanenergy #solarpv #cleanenergy #greenenergy #renewables #photovoltaic

The primary fuel source for Britain's electricity in July 2024 was gas, followed by wind. However, gas contributed its lowest level for July in the past four years, accounting for less than a quarter of the mix. Conversely, solar and nuclear power contributed their highest levels for July in the previous four years. The 12-month rolling average carbon intensity for Britain's electricity generation remains significantly below the previous three 12-month periods, while the 12-month rolling electricity generation from zero-carbon sources maintains its highest level in the last four years at 51% of the mix. You can read the full post and analysis here: https://lnkd.in/eXnBSpPD #renewableenergy #nationalgrid #eso #UK #netzero #electricitygeneration #carbonemissions #sustainability #energyanalysis #power #data #energy

Our new analysis of data from the Electric Reliability Council of Texas (ERCOT) highlights a looming warning from the Lone Star State. The analysis by Charlotte "Coco" Wallace looks at ERCOT data from 2022 and 2023 to demonstrate the reliability challenges of operating a grid solely based on solar, wind, storage, and existing nuclear power—resulting in more infrastructure generating less efficient energy on vastly more land. Dig deeper ⬇️ - Just meeting average demand would require a 3.4x solar and wind overbuild and a 42.4x increase in storage capacity - A 3.4x overbuild in Texas would require about as much space as Lake Michigan - Texas could generate reliable, renewable power for the whole state by focusing on #geothermal Read the full ERCOT Analysis and Insight: https://lnkd.in/g_DrJcRj

European Power Greener Than Ever! In the first half of 2024, renewables surpassed 50% of total power generation in Europe. - Eurelectric’s ELDA data platform reports that 74% of EU electricity came from renewable and low-carbon sources. - Nuclear power provided a stable share of 24%. - Despite impressive supply-side growth, power demand remains low due to sluggish economic growth and deindustrialisation. - Eurelectric calls for a robust Electrification Action Plan to stimulate demand and ensure continued investments in clean energy. #RenewableEnergy #CleanPower #SustainableFuture #EUClimateTargets #RE24

Japan's energy policies aim for increased zero-carbon electricity generation. Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality, or net-zero greenhouse gas (GHG) emissions, by 2050 by lowering emissions in the electric power, industrial, and transportation sectors. In the electric power sector, government policies set 2030 targets, which include accelerated investment in renewable capacity, increased use of nuclear generation, and reduced use of fossil fuels for electricity generation. Japan's government called the package of energy policies and their targets "ambitious." Energy security... http://ow.ly/Hllb105ruWm

Investment in clean energy this year is set to be twice the amount going to fossil fuels according to the International Energy Agency (IEA) World Energy Investment report 2024. ‘Total energy investment worldwide is expected to exceed $3 trillion in 2024 for the first time, with $2 trillion set to go toward clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps’ However, here is a twist in the tale ‘there are still major imbalances and shortfalls in energy investment flows in many parts of the world especially a low level of clean energy spending in emerging and developing economies’ https://lnkd.in/e8Bg3x8p