Labor intensity of energy?
…Oil-fired transportation is less efficient at 135 workers per TWH, rising to 730 per TWH if you include service station staff. Renewables have a jagged profile. A typical wind and…
Decarbonized power: how much wind and solar fit into the optimal grid?
…further 2-5x to accommodate just 3-15% more renewables. The lowest-cost, zero-carbon power grid, we find, comprises c25% renewables, c25% nuclear and c50% decarbonized gas, with an incentive price of 9c/kWh….
Portfolio Construction for Energy Majors?
This data-model calculates risk-adjusted returns available for different portfolio weightings in the energy sector, as companies diversify across upstream, downstream, chemicals, corporate, renewables and CCS investments. The methodology is a…
Is the world investing enough in energy?
…meet future demand in 2025-30– whether emissions are tackled or not. The need for oil investment is most uncertain. More gas investment is needed in any scenario. And renewables investment…
Solar Innovation at Big Oil?
“If you invest with the same technology as everyone else, you may get the same returns as everyone else”. This adage matters for renewables, where we gather single digit IRRs…
Under-investment risks in the energy transition?
…have elevated capital costsby 4-7% for oil and by c25% for coal, compared with the early 2010s. One consequence will be to concentrate capital into renewables, gas, and shorter-cycle oil projects…
The Most Powerful Force in the Universe?
…the cost is much lower than if investment returns are sacrificed by divesting from industrial companies and funding renewables. For example, we recently tabulated the costs of carbon credits, being…
Green hydrogen: the economics?
…green hydrogen project. The most challenging input is not cost or efficiency, but utilization rate, if a green hydrogen project is to be truly green, and fully powered by renewables….
Perovskites: Lord of Light?
Perovskites are the fastest-improving solar innovation. The best test-cells hit a new record of 28% efficiency last year, with line-of-sight to the mid-30s, i.e., 2x more efficient than today’s…
Net zero Oil Majors: worth the cost?
…method to lower Scope 1&2 CO2 emissions is to power c10% of operations with renewables. This will also cost $850/Tpa of CO2 that is saved, based on our economic models…