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Biomass and BECCS: what future in the transition?
20% of Europe’s renewable electricity currently comes from biomass, mainly wood pellets, burned in facilities such as Drax’s, 2.6GW Yorkshire plant. But what are the economics and prospects for biomass power as the energy transition evolves? This 18-page analysis leaves us cautious.
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Decarbonized power: how much wind and solar fit the optimal grid?
What is the optimal mix of wind and solar in a low-cost, zero-carbon power grid? We find renewables cannot surpass 45-50% due to curtailment, which trebles prices. Batteries help little, under grid conditions. Decarbonized gas is the best backstop. A grid of 50% decarbonized gas, 25% renewables and 25% nuclear has the lowest incentive price,…
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