Redefining Energy - Minutes
About Redefining Energy - Minutes
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu this week: COP28 is on Largest solar plant in the world – 2GW Abu Dhabi Mega deals (Lightsourcebp, Statkraft) Collapses of Enviva and EU refineries Sodium batteries – Northvolt. BYD - Brookfield new fund 28bnUSD Our friends successfully raise capital: BMI, Modo, Xlinks Listen to Jenny Chase on Volts – all you ever wanted to know about Solar https://podcasts.apple.com/gb/podcast/switched-on/id1469286286?i=1000635780346
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu this week, a special episode on EVs, a sector which is reaching a turning point this year. Global trends (Market +34% ytd) reaching 14m EV in 2023 (16% market share) Winners (Tesla, BYD) and losers (Start Ups and legacy makers) Technological innovations bringing cheaper EVs Sales of global ICE passenger vehicles are down 20% from their 2017 peak! ICE sales plunged from 86m in 2017 to 69m in 2022.
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu (a long episode this week): Transatlantic dispute on LNG pricing: 18bnUSD Government interventions: France, Germany, EU, UK with different outcomes Bankrupt mega-windfarm in Sweden (owned by China Nuclear Co) Does ESG still matter? Glencore and Coal, Totalenergies and CCGTs Funds in frontier energy investments: Foresight in Geothermal, Macquarie in SAF Weather predictions improved by AI.
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: Final implosion for SMR and Fuel Cells: NuScale and Plug Power are on their way to oblivion Lithium and Hydrogen corruption cases bring down the Portuguese PM EQT invests in a 16 GW pipeline of batteries, and that’s the good news of the week
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: · The Solar boom is unbelievable: 22GW shipped by Jinko in Q3 Orsted crash and the US Offshore Wind Industry debacle Tesla sells superchargers to BP The wonderful X thread by Jenny Chase on Solar https://x.com/solar_chase/status/1718296264981270840?s=20
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: Siemens Energy bailed out RESource, annual conference on PPAs, beats all records Chevron acquires Hess. Rockefeller is immortal Offshore Wind activity NuScale SMR SPAC hits an Iceberg Michael Liebreich's Hydrogen Ladder v5
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: Number of the week: 3 Solar and Storage are booming at Birmingham show. Huge inventories of Solar panels VinFast: Pump and dump EV SPAC Tesla’s Q3 results and their success in EV charging Plus Power: Mega Battery investment in Texas RE-Source Amsterdam: number 1 conference for Green PPAs
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: – Mega Oil deal ExxonMobil acquires Pioneer for 60bnUSD – New EU Renewables directive (targets, SAF, Green Hydrogen) – Doggerbank 3.6GW offshore wind energized – Poland first offshore wind FID – Geopolitics weighs heavy on the gas markets (Ukraine, Israel, Estonia) – Trove Research acquired by MSCI – MyEnergi does a great round with Energy Impact Partners
Every Sunday, Gerard and Laurent debrief last week’s news in the Energy Transition. On the menu: – Gerard at the World Economic Forum talks grid reorganisation and financing – Big capital operations (Brookfield, Quinbrook, Partners Group) – BYD on the heels of Tesla while GM sacks its CTO after a month – Norway goes 93% EV in September – Not sure if Carbon Border Adjustment Mechanism (CBAM) will be effective but bureaucracy certainly strives. CBAM: Corporate Bureaucracy At Maximum
Every Sunday, Laurent and Gerard debrief last week’s news in the Energy Transition. This week on the menu: Laurent celebrates developers at the British Energy Storage Awards Ceremony (winners: Zenobe, Fluence, Habitat, Gore Street); Great Energy start-ups keep on raising money (1komma5, Pexapark, Accure, Skoon, Electrons, Renewabl); Tesla Semi is obliterating Hydrogen trucks while H2 filling stations in Denmark and California are running dry; Huge battery investments (Cathodes in Morocco, Northvolt in Quebec)
Every Sunday, Gerard and Laurent discuss the latest news in the Energy Transition. This week on the menu: Gerard goes to RE+ Las Vegas and gets hacked While solar and batteries thrive, wind cries (our London conference) There is always something happening at BP and Shell. To summarise: ESG no – Oil yes Will subsidies save the legacy automakers? Australia runs 70% on renewables (Sept 20)
Every Sunday, Laurent and Gerard discuss the #energytransition news. This week, we pause to look at the new normal in the Energy Infrastructure Investment landscape. High interest rates are harming the infrastructure investment case through a double whammy: higher cost of debt and higher shareholders’ expectation in terms of ROI. Still, the sector is consolidating, and large Asset Managers are gobbling up smaller ones. We also make a deep dive on the EV charging space. And in the US, Tesla has obliterated the competition and is building for itself a very lucrative monopoly by owning the sole standard.
Every Sunday, Gerard and Laurent discuss last week’s news in the Energy Transition (sorry poor audio, we recorded at the last minute). On the Menu: Chinese overinvestment in batteries and solar is triggering price collapses, forcing OECD manufacturers to adapt or die. Live from Munich auto-show with Roger Atkins Lucid CEO is very well paid. Flurry of M&A activity in the Lithium mining sector (curtesy of Joe Lowry) Green Steel takes off.
Every Sunday, Gerard and Laurent revisit last week's news in the Energy Transition. On the Menu: Wind: The Bad, the Bad and the Ugly. Orsted, Siemens… Octopus takes on millions of Shell customers in UK and Germany Battery recycling gets another boost – Redwood Materials BYD makes a major acquisition in Power Electronics: Jabil Australian Pumped Hydro now more expensive than Nuclear. The debacle of Snowy 2
Every Sunday, Gerard and Laurent discuss the main news of the Energy Transition. On the menu: The dramatic effects of Climate Change and its direct economic impacts, from Canada to the US to China to Panama Weird commodities markets. The time of volatility Northvolt superstar, but too many Gigafactories in the pipeline
Every Sunday, Laurent and Gerard debrief the main news in the Energy Transition. On the menu: - Inflation Reduction Act celebrates its first anniversary. Glass 60% full - Direct Air Capture has the best lobbyists, but is dreadful (see below for additional material) - CATL leaps ahead - 400km charge in 10mns!!!! - EV SPACs. Not a great track record. - From Russia with love: Uranium, caviar and vodka. Which of these 3 is not sanctioned? Excellent papers on Direct Air Capture: Michael Barnard: https://cleantechnica.com/2023/08/16/carbon-engineering-was-always-a-figleaf-for-fossil-fuel-industry-now-its-owned-outright-by-them/ Paul Martin: Why Direct Air Capture Sucks (and not in a good way!) https://www.linkedin.com/pulse/why-direct-air-capture-sucks-good-way-paul-martin
Even during the Summer, Laurent and Gerard manage to convene once a week to discuss the latest Energy Transition news. On the menu: - Why is Nuclear 4x more expensive in the US than China? - Proterra vs BYD, the tale of 2 electric buses companies - Lucid doomed while Rivian might survive - Hydrogen trains: “Nein danke” - Electrifying the Yangtze river
Every Sunday, Laurent and Gerard debrief news on the Energy Transition. This week, a quick Summer Special on Sustainable Aviation with an excerpt from an interview of David Calhoun, CEO Boeing (on the Check6 podcast) and our comments on SAF and Electrification.
Every Sunday, Laurent and Gerard debrief last week's news on the Energy Transition. On the menu: - A “George Mitchell” moment in geothermal: Fervo - Germany between Hydrogen dreams and congestion costs - Totalenergies acquires Eren - Enel goes back to networks - Big changes in EV China for the international OEMs - Progress in Africa (grid, solar) - ICVCM issues Carbon rules
Gerard is back. With Laurent, they weekly debrief the news in the Energy Transition. On the menu: - David vs Goliath – Epilogue: We are apparently “woke” - Government interventions in the Energy Sector (Poland, France, UK) - It’s the summer of interconnectors - BigOil dilemma: electrons or molecules? - Tesla is invincible - Cruel summer. Water is gold