Jevons Paradox: what evidence for energy savings?
…global energy demand decline by as much as 20% by 2050 (although this assumption looks dangerously wrong to us, note here). This report aims to quantify the Jevons Effect, objectively,…
Solar costs: a breakdown over time?
…costs have deflated from $4,000/kW to $1,000/kW in the decade from 2012 to 2022, as measured at utility scale solar projects, using our solar bill of materials, and global commodity…
DAC companies: direct air capture screen?
…news that stood out to us. Half a decade ago, the DAC company landscape was dominated by well-known leaders, such as Carbon Engineering, Climeworks and Global Thermostat (all founded in…
Gas dehydration: costs and economics?
…reforming unit or some electrolysis plants. Gas dehydration most commonly takes place by absorbing the water in tri-ethylene glycol (TEG). TEG acts as a solvent for water at ambient temperatures…
Hydrogen evolution: outlook for industrial gases?
…which is 2.5% of total global CO2 emissions, at an average CO2 intensity of 12 tons/ton (page 5). There is no shortage of commentary into how the world should decarbonize….
Storage tank costs: storing oil, energy, water and chemicals?
…increasing the sizes of storage tanks to increase flexibility. Volatility is also growing in the global energy system, which may allow owners of midstream infrastructure to generate excess returns in…
Redox flow batteries: for the duration?
…grid-scale storage. Does this unlock a step-change for peak renewables penetration? Or create 3-30x upside for total global Vanadium demand? This 15-page note is our outlook for redox flow batteries….
Market concentration by industry in the energy transition?
…profitability? 50% correlations are found between concentration and operating margins over the cycle within these industries. Energy sectors covered in the database of market concentration by industry include global LNG,…
Thermal energy storage: heat of the moment?
…of another 50-100% efficiency gains in the next decade (here and here), deflating levelized costs (LCOPE basis) from 6-8 c/kWh today to 4 c/kWh in the global average utility-scale location….
Power grids: when will wind and solar peak?
…growing. Solar was 5% of all global electricity in 2022, and as much as 15% in leading countries; while wind was 7% of all electricity, and as much as 35%…