Amprion GmbH’s Post

The report is well written, concise, with many interesting facts. My recommendation is to have a look at it to see how the #electricity #market really works.

Amprion GmbH's annual market report has just been published:  It highlights - falling wholesale prices,  - weak demand,  - the end of #nuclear power  - the increase in #renewableenergy,  - #Germany becoming a net importer of #electricity, And if you missed yesterday's webinar, the slides are also available with the report: https://lnkd.in/dR6cKUZx ps. it's no secret but a logical confirmation: expanding the grid and increasing #transmission capacity are essential for Europe's #energytransition!

Did you know this? Renewable energy is set to overtake coal in electricity generation by about this time next year. Global demand growth for electricity over the next three years will be covered by low-emission sources (solar, wind, hydro, + nuclear), with renewables set to account for more than one-third of global electricity generation by early 2025. The International Energy Agency stressed that to prevent disruption, renewable energy capacity must happen alongside investments in grids and system flexibility. #RenewableEnergy #Electrification #KinectSolar

Solar is booming in the United States as power demand surges, outpacing the growth of any other electricity source and disproving claims that the energy transition is a failure. To be sure, solar remains a small portion of total electricity generation in the U.S., standing at just 3.9% of the nation’s power mix in 2023 compared to the 43% share held by natural gas, according to the Energy Information Administration, the statistical unit within the Department of Energy. 🔗Read more about this story and our other notable updates mentioned below in this week's Renewable Energy Update: https://hubs.li/Q02DZdcN0 ✔️ NYSERDA opens latest solicitation for large-scale, land-based renewable energy ✔️ City of Pasadena, California, unanimously approves $100M, long-term contracts for renewable energy, battery storage ✔️Energy Dept. announces $900M for modular nuclear reactor projects #RenewableEnergy #Solar #Energy

In many countries, increasing renewable energy capacities do not significantly boost their share in production. The US is a prime example of this, with the role of gas as the main generation source only increasing. While there has been a decrease in production from coal, the shares of hydro and nuclear power in total production have remained roughly the same for the last eight years, and solar and wind stations have only seen slight growth. Let's continue to explore ways to increase the use of renewable energy sources while also managing overall energy consumption. #RenewableEnergy #EnergyConsumption #Sustainability

The imperative to reduce carbon emissions is profoundly transforming the electricity and energy systems of OECD and NEA countries. This sets in motion a number of interrelated developments that challenge traditional understandings of the way energy systems work. These changes also require a reappraisal of established notions of costs at the level of the integrated electricity system. Different technologies with comparable costs at the level of the individual plant can thus have very different effects on the total costs of a system. This impacts the strategic decision-making of energy policymakers with regard to the energy mix. It relates, in particular, to optimising the trade-offs between dispatchable low carbon sources of electricity, such as nuclear energy or hydroelectricity, and variable sources, such as wind and solar photovoltaic (PV), that will be the backbone of future low-carbon electricity systems. The present guide aims at providing a succinct synthesis of what is NEA system cost analysis and how it can help energy experts and policymakers to gain additional insights about the cost implications of different strategic choices when designing future electricity and energy systems operating under stringent carbon constraints. The purpose of this guide is to provide a first overview of what kind of results system cost analysis can provide and which questions may be asked in order to develop or test certain policy proposal of relevance.  #NuclearEnergy #NetZero

The imperative to reduce carbon emissions is profoundly transforming the electricity and energy systems of OECD and NEA countries. This sets in motion a number of interrelated developments that challenge traditional understandings of the way energy systems work. These changes also require a reappraisal of established notions of costs at the level of the integrated electricity system. Different technologies with comparable costs at the level of the individual plant can thus have very different effects on the total costs of a system. This impacts the strategic decision-making of energy policymakers with regard to the energy mix. It relates, in particular, to optimising the trade-offs between dispatchable low carbon sources of electricity, such as nuclear energy or hydroelectricity, and variable sources, such as wind and solar photovoltaic (PV), that will be the backbone of future low-carbon electricity systems. The present guide aims at providing a succinct synthesis of what is NEA system cost analysis and how it can help energy experts and policymakers to gain additional insights about the cost implications of different strategic choices when designing future electricity and energy systems operating under stringent carbon constraints. The purpose of this guide is to provide a first overview of what kind of results system cost analysis can provide and which questions may be asked in order to develop or test certain policy proposal of relevance.  #NuclearEnergy #NetZero

Fatih Birol, Director of the International Energy Agency, said that the global clean energy transition process has withstood a series of stress tests and has shown resilience. Especially between 2019 and 2023, the deployment of five key clean energy technologies, namely solar photovoltaic power generation, wind power, nuclear power, electric vehicles and heat pumps, has contributed to an annual reduction of approximately 25% of global carbon emissions. #renewableenergy #solar #power #powergeneration #solarpower #electricity #energy #solarenergy #greenenergy #pv #solarpv

Renewable energy options face limitations, yet osmotic power generation presents promising technological and commercial opportunities. Sweetch, a French startup, secured 40 million euros to pioneer the first osmotic power station, offering competitive electricity prices. With a global potential of 17,000 TWh annually—equivalent to 2,000 nuclear plants—osmotic energy emerges as a substantial renewable resource with significant implications for the energy landscape. Read more of Tanguy Montandon's article here: https://lnkd.in/ewarc-9K

💡 The Department of Energy Philippines forecasts a significant increase in electricity demand in the Philippines, projecting a 6.6% annual growth rate until 2040. Recognizing this challenge and striving to meet sustainability goals, the nation aims for renewables to comprise half its energy mix by then. As the country shifts toward more renewable energy (RE), AboitizPower Head of Energy Transition Projects Lino M. Bernardo recognizes nuclear power as a reliable and zero-emission energy source that can complement RE growth. He emphasizes the importance of energy infrastructure in promoting economic development and the need for public and private sectors’ collaborative efforts to ensure sustainable management of the energy sector in the Philippines. 💚 Read more: https://lnkd.in/gDqSMq7n #TransformingEnergyforABetterWorld #AboitizPower