It remains unclear what caused the power outage in Spain and Portugal but this Bloomberg article published on Energy connects from the 11th of April is worth reading.
https://lnkd.in/e3rivJrV Here's an extract >>> Bloomberg) -- Spain is ignoring calls to reconsider its nuclear decommissioning plans, betting renewables and battery storage will make up for the upcoming energy shortfall. The country is plowing ahead with plans to shut down its seven nuclear reactors, which currently contribute 20% of its power mix, over the next decade. It’s also set to close its last coal plant this year. While it’s already only second to Germany in terms of renewable capacity in Europe, Spain is looking to fill the energy gap with more wind turbines, solar panels and giant batteries. The strategy isn’t completely fossil fuel free — as it would rely on natural gas plants as a backup for the foreseeable future. Yet it is a substantial wager on clean power: It depends on a still nascent energy storage industry in Spain to rapidly expand from just 3 gigawatts of capacity today to a target of 20 gigawatts by 2030. It also requires an unprecedented roll-out of wind and solar over the next five years. Spain is targeting 81% power generation from renewables by the end of this decade — from just above 50% in the past two years.“
Visualizing the Rise in Global Coal Consumption ⚡️
Source: Visual Capitalist
Visualizing the Rise in Global Coal Consumption ⚡️
Source: Elements
The most DRAMATIC energy chart you can ever see 👇
While the world debates about Artificial Intelligence and how quickly can put its flag on Mars, there are huge portions of Africa non even able to have electricity ⚡️More than 600 million of Africa people do not access to electricity. Source: Alexandro Blasi
Surprise surprise...
energy has been by far the best-performing sector during the Biden administration. Source: HolgerZ, Bloomberg
And the Winner is…
Source: Michael A. Arouet
Gas storage levels in Germany continue declining.
They are now down to just 72.9% of full, significantly below the average for recent years. Gas prices rise accordingly by 4.3% this morning. Source: Bloomberg, HolgerZ
One of Morgan Stanley 2025 Theme is the Future of energy:
"In 2025, our focus shifts from hashtag#decarbonization to the wide range of factors driving the supply, demand, and delivery of hashtag#energy across geographies. The common thread is the potential for rapid evolution. Four key dynamics: (1) an increasing focus on energy security; (2) the massive growth in energy demand driven by trillions of dollars of hashtag#AI hashtag#infrastructure spend, to be met by both fossil fuel-powered plants and hashtag#renewables; (3) innovative hashtag#energy hashtag#technologies such as carbon capture, energy storage, nuclear power, and power grid optimization; and (4) increased electrification across many industries. Relatedly, we continue to believe that carbon emissions will likely exceed the targets in various nations’ climate pledges. Hence, we expect focus to shift toward climate adaptation and resilience technologies/business models". Source: Morgan Stanley, zerohedge
