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Wood Mackenzie: Battery storage will turn Europe’s gas peakers into stranded assets by 2030

first_imgWood Mackenzie: Battery storage will turn Europe’s gas peakers into stranded assets by 2030 FacebookTwitterLinkedInEmailPrint分享Greentech Media:Europe’s power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie.The big five European markets—Germany, the U.K., France, Italy and Spain—will get the majority of their power from wind, solar and other variable renewable energy sources as early as 2023, WoodMac says. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar.As that variable output surges, Europe has four options for balancing out its grid: pumped hydro, gas peakers, energy storage and interconnectors. Only the final three of the quartet are likely to be the focus of new investment.For now, “gas peakers are more essential than ever,” said Rory McCarthy, Wood Mackenzie principal analyst. “They can ramp up to full output from warm in a couple of minutes for modern systems, have increasing efficiency levels at part loading and boast unlimited duration, assuming a reliable gas supply.”But by the end of the decade, battery storage will be the cheapest option for balancing Europe’s grid, overtaking gas peakers, according to a new long-term energy storage outlook. Europe’s energy storage capacity across all segments is expected to grow from 3 gigawatts today (excluding pumped hydro) to 26 gigawatts in 2030—and 89 gigawatts by 2040.“By 2030 energy storage will beat gas peakers on cost across all our target markets, resulting in a cloudy outlook for any new future peaking turbines,” McCarthy said. “Fuel and carbon prices are on the up, technology costs are not set for any major decreases and net-zero policies will eventually target the decarbonization of all power market services.”[John Parnell]More: WoodMac: Wind, solar and storage to dominate Europe’s power grid by 2030last_img read more

Williams Industries International Race Meet… Persaud scores Guyana’s only win

first_img-Podium finishes for King (By Stephan Sookram in Barbados, compliments of Secure Innovations and Concepts Inc, Miracle Optical, Nexus Machining and Fabrication Workshop, Trans Pacific Motor spares and Auto Sales, BM Soat Auto Sales and Spares)DANNY Persaud produced Guyana’s only win on a day when mechanical issues ran rampantat the Williams Industries International Race Meet at the Bushy Park Circuit, Barbados.Kristian Jeffery’s SR3 holding off William Myers of Jamaica.Persaud, driving the Buy Me Auto Sales’ Mazda Miata, picked up the top spot in the last group three and four combined race of the day after nursing home an ailing car.Changing several parts between Saturday and Sunday at the track, he overcame his difficulties to snag the win against a charging Tremaine Forde-Catwell.Persaud, who spoke to the media said, “I’m just glad to pick up a win and do my country proud. We had a long weekend of changing parts but in the end, one first and one third is a good weekend for us.”In race one, Persaud picked up a third place finish behind Suleman Esuf and Kerick Husbands, in that order, while he failed to make it past corner one in the second race.Vintage King shows class There was also a second place finish for Andrew King who personified the Guyanese weekend in Barbados.Qualifying second on Saturday, King fell out of the first race after just one lap with differential problems, leaving Jamaica’s Kyle Greg to take the win ahead of Barbados’ Mark Maloney.While the team worked hard ahead of the second race, they were unable to get the car out in time.In the third race, however, King came back strong in chase of Mark Maloney before the latter fell out, leaving first place for Greg.Rameez Mohamed (19) on the charge during the group two event.Bright spark for Rameez MohamedRameez Mohamed, after a seventh place qualifying in group two on inferior rubber, was able to acquire ‘grippier’ tyres before race one.The advantage gained by the new rubber was exponential, moving from seventh to fourth before half of the first lap was complete.He continued to claw his way up the field to second before car troubles eventually forced him out of the race.Despite his engine trouble, Rameez’s car was obviously one of the fastest group two cars on the track which will be a positive for him moving forwardHe said, “That’s how racing is sometimes. The car felt great before it breaks but that’s just how it happens. When we get back home we will check to see what’s the problem.Troublesome weekend for JeffreyIf Guyana’s problems were mechanical, then Kristian Jeffrey was Guyanese to the bone.No faster had he fixed his small problem yesterday than it returned on Sunday.Starting sixth, he moved up to fourth, ending there.In the second race, which featured a reverse qualifying grid, Jeffrey suffered gear problems from the start, having a poor start after the car would not go into first gear.When he finally got going, after falling back to seventh, Jeffrey carefully cut through the pack up to fifth before the issue again stepped in, ensuring that he could not challenge for any other places.In the third race, the issues would prove too much for the young Jeffrey who did not start.The team will return home today.last_img read more