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Tue Jun 19, 2018, 11:16 AM

Coal Is Being Squeezed Out of Power Industry by Cheap Renewables

https://www.bloomberg.com/news/articles/2018-06-19/coal-is-being-squeezed-out-of-power-industry-by-cheap-renewables

Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally.

That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5 trillion of investment will go into electricity generation between now and 2050. Of that, 85 percent, or $9.8 billion, will go into wind, solar and other zero-emissions technologies such as hydro and nuclear, the London-based researcher said.

Better batteries, which allow grid managers to store power for times when it’s neither breezy nor sunny, will allow utilities to take advantage of plunging costs for solar panels and wind turbines. The ability of natural gas plants to work at a few minutes notice means the fuel will become the choice for most utilities wanting guaranteed generation capacity.

“Coal emerges as the biggest loser in the long run,” said Elena Giannakopoulou, head of energy economics at BNEF. “Beaten on cost by wind and PV for bulk electricity generation, and by batteries and gas for flexibility, the future electricity system will reorganize around cheap renewables.”


Good graphs at the link. Can't post them here.

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Reply Coal Is Being Squeezed Out of Power Industry by Cheap Renewables (Original post)
IronLionZion Jun 2018 OP
elleng Jun 2018 #1
IronLionZion Jun 2018 #2
hunter Jun 2018 #3
NNadir Jun 2018 #4
Finishline42 Jun 2018 #5

Response to IronLionZion (Original post)

Tue Jun 19, 2018, 11:42 AM

1. No kidding!

Who in the world could have predicted such???

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Response to IronLionZion (Original post)

Tue Jun 19, 2018, 12:01 PM

2. Dumpy is not only promising lots of great coal jobs

but he has bamboozled his supporters into investing their retirement savings into coal and other dying industries promising good things for them.

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Response to IronLionZion (Original post)

Tue Jun 19, 2018, 06:07 PM

3. ... and "natural" gas.

I won't celebrate a hybrid solar-wind-gas economy.

It's just a slower, death by a thousand cuts, death.

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Response to IronLionZion (Original post)

Tue Jun 19, 2018, 08:57 PM

4. I wish for once, people repeating this Trump scale lie over and over and over and over...

...would actually look at some data.

Here's some:

IEA 2017 World Energy Outlook, Table 2.2 page 79

For 50 years now, we've been hearing this horseshit about what so called "renewables" will do in the 30 years or 50 years or 100 years or how ever long it takes for the morons repeating this crap to die and leave future generations holding the bag.

The renewable energy industry on this planet, in 2018, can't even generate enough electricity to run all the computers and servers dedicated to crowing about how great so called "renewable energy" is.

So called "renewable energy" isn't actually very good at generating energy, but it's excellent at generating complacency and wishful thinking.

This year we scraped 412 ppm of carbon dioxide in the atmosphere. Because people have been chanting this "in 30 years" bullshit for 50 years, no one alive today will ever see a level below 400 ppm again.

It didn't have to be this way, but it is.

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Response to IronLionZion (Original post)

Wed Jun 20, 2018, 08:28 PM

5. The same view is echoed by NextEra Energy CEO at JP Morgan Energy Conference

This is courtesy of Taylor Kuykendall (@taykuy on twitter)

"I think, you could see renewables anywhere from 35% to 50% of the total penetration in the U.S by 2030."

RE: EIA forecast - they have always been on the low side in their predictions. This CEO says the same thing.



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