05.12.2022 (128 Clicks)

Lack of Energy Storage makes Renewables-only Grids a Pipedream

A new paper published by the Global Warming Policy Foundation warns that renewable energy policies being pursued around the world are unrealistic.

That’s because renewables-only grids require large amounts of electricity storage to make them viable. However, the world currently lacks any power storage technology that is both affordable and scalable.

As the paper’s author, Francis Menton explains: “The amount of storage required is very large – perhaps as much as two months’ of average demand. The cost then becomes absurd: you could spend all of your GDP on batteries every year, and it would still not be enough. Hydrogen is better, but is still astonishingly expensive, because it’s so inefficient”.

In one of Mr Menton’s estimates, the cost of providing lithium ion batteries for a grid could be more than ten times GDP. Moreover, because the batteries wear out, the expenditure would need to be repeated every few years.
Despite this, policymakers are ploughing ahead with deployment of wind and solar, hoping that scientists will come up with something to save the day.  

GWPF Director, Dr Benny Peiser said: “The skyrocketing prices in UK electricity markets in recent days are a warning. Without economic forms of electricity storage, a drive for renewables is going to end very badly for consumers.”

Source: Global Warming Policy Foundation

#Global Warming Policy Foundation #energy storage #global warming #renewables #hydropower #hydropower plant #Mining #Energy #Caverns #Hydrogen #environment protection #Storage caverns

                     

05.12.2022 (143 Clicks)

Glencore reaches Agreement with the Democratic Republic of Congo over past Conduct

Glencore has reached an agreement with the Democratic Republic of Congo (“DRC”) covering all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018.  

04.12.2022 (211 Clicks)

A Day to Honor Saint Barbara - Patron of Gunners, Miners, and Others who work with Explosives

December fourth is the feast day of Saint Barbara. There is a vivid legend about this saint. Apparently, Saint Barbara was a maiden of great beauty whose father locked her in a tower to remove her from many ardent suitors who were not to his liking. He also wanted keep her from indulging in a habit of constantly helping the poor.  

02.12.2022 (167 Clicks)

Fugro supports coastal resilience in Texas and Louisiana through NOAA contracts

The National Oceanic and Atmospheric Administration (NOAA) has awarded Fugro two mapping projects on the US Gulf Coast to monitor and quantify shoreline change in this flood-prone region.  

01.12.2022 (132 Clicks)

Epiroc presents world’s first underground mine truck made using fossil-free steel from SSAB

Epiroc is pioneering a battery-electric underground mine truck prototype made using fossil-free steel from SSAB.