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Europe is locking itself in to US LNG

(davekeating.substack.com)
151 points hunglee2 | 1 comments | | HN request time: 0s | source
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jsnider3 ◴[] No.45262472[source]
Renewables solves this.
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probablypower ◴[] No.45262574[source]
This is confidently incorrect.

Gas power generation is a necessary evil to balance out the variability of intermittent energy generation (i.e. wind and solar).

Hydropower isn't a feasible alternative because the easy resources have been developed.

The only alternative source of flexibility available today is demand side response.

Edit: I appreciate the down votes, as I've not explained in detail. It is a complex issue. My opinions are based on having a phd in the topic, 10+ years in control rooms, years of market operations and design, and years contributing to europe-wide risk assessment methodologies.

I emplore anyone who is actually interested in how energy mix actually impacts grid stability/reliability to look into the Eirgrid DS3 programme (https://www.eirgrid.ie/ds3-programme-delivering-secure-susta...).

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1. phil21 ◴[] No.45268364[source]
The easiest money I ever made was investing in natural gas infrastructure during the COVID insanity of everyone calling it dead due to renewables.

I really don’t understand the disconnect otherwise very intelligent people have on this subject. Every single person I’ve talked to in the actual industry seems to be aware of this fact and how dire things are getting. However it seems that everyone else believes that grid scale batteries are somehow going to save the day in the next decade or two.

Energy storage is energy storage. Natural gas is just a giant underground battery.

And that’s before you get to industrial uses of natural gas as a feedstock, while ignoring how much is still used for heating infrastructure and how long it would take to retrofit everything to heat pumps.

I often wonder what I’m missing, but I’m confident enough in this one to have put my money where my mouth is at least.