Why Natural Gas Electricity Generation Matters –
And How to Manage Your Costs

Posted 8 January 2021
While there is a great deal of enthusiasm and even hype for renewable energy sources such as solar and wind, the fact remains that natural gas contributes a large portion of our energy needs.

In fact, natural gas power plants generate around 23% of the world's electricity, primarily in the United States, Russia, Saudi Arabia, and Iran.

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Can Battery Costs Be Justified With Energy Price Arbitrage?

Posted 13 November 2020
More and more developers are considering battery storage solutions for their renewable energy projects, yet they remain a costly component.

Bloomberg NEF reports that in 2019, battery prices were $156/kWh. They also forecast that “by 2023, average prices will be close to $100/kWh”.

So although costs are dropping quickly, and battery systems provide vital dispatchability that stand-alone renewables do not, they remain more expensive on a ‘per kWh’ basis than solar and wind.

Green Tech Media reports: “Since 2012, the benchmark LCOE of lithium-ion batteries configured to supply four hours of grid power — a standard requirement for many grid services — has fallen by 74 percent, as extrapolated from historical data … In comparison, the LCOE per megawatt-hour for onshore wind, solar PV and offshore wind has fallen by 49 percent, 84 percent and 56 percent, respectively, since 2010.”

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Hybrid solutions: the cost-effective answer to flexible, high demand energy needs

Posted 12 October 2020
Hybrid renewable energy solutions are becoming more popular these days, and more projects are advertising themselves as “hybrid solutions”. So, what exactly are they?

As you might expect from the name, a hybrid solution is a combination of wind and/or solar power with a storage solution (usually a battery). Hybrid solutions can be optimised for energy or power density, varying self-discharge rates, efficiency, and overall lifetimes.

Viewed as a whole, a hybrid is "multiple technologies that are physically and electronically controlled" by the hybrid owner at a single point of interconnection and offered to the market "as a single resource."

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Where Is Solar Power Going After COVID-19?

Posted 6 August 2020
In many parts of the world, power generating capacity is under strain. This means large industry players such as foundries and mines are often forced to cut back on usage to maintain grid stability.

However, using solar power and fast-acting battery storage to operate independently of the grid offers a way around such restrictions. Such a combination addresses the often large and dynamic load changes industrial users require during operations.

We will discuss solar-hybrid options in a future article. Today we focus on how solar’s trajectory has been affected by the global COVID-19 pandemic, the implications for present and future solar development projects, and how to potentially mitigate those challenges.

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