November 14, 2023

THAT WAS EASY ENOUGH:

Decarbonizing the World: MIT Energy Initiative's Strategies for Reducing Greenhouse Gas Emissions (MIT ENERGY INITIATIVE,  NOVEMBER 5, 2023)

Yet the solutions exist, [Jonah Wagner, the chief strategist of the U.S. Department of Energy's (DOE) Loan Programs Office] said. "Most of the technologies that we need to deploy to stay close to the international target of 1.5 degrees Celsius warming are proven and ready to go," he said. "We have over 80 percent of the technologies we will need through 2030, and at least half of the technologies we will need through 2050."

For example, Wagner pointed to the newly commissioned advanced nuclear power plant near Augusta, Georgia -- the first new nuclear reactor built in the United States in a generation, partly funded through DOE loans. "It will be the largest source of clean power in America," he said. Though implementing all the needed technologies in the United States through mid-century will cost an estimated $10 trillion, or about $300 billion a year, most of that money will come from the private sector, he said.

As the United States faces what he describes as "a tsunami of distributed energy production," one key example of the strategy that's needed going forward, he said, is encouraging the development of virtual power plants (VPPs). The U.S. power grid is growing, he said, and will add 200 gigawatts of peak demand by 2030. But rather than building new, large power plants to satisfy that need, much of the increase can be accommodated by VPPs, he said -- which are "aggregations of distributed energy resources like rooftop solar with batteries, like electric vehicles (EVs) and chargers, like smart appliances, commercial and industrial loads on the grid that can be used together to help balance supply and demand just like a traditional power plant." For example, by shifting the time of demand for some applications where the timing is not critical, such as recharging EVs late at night instead of right after getting home from work when demand may be peaking, the need for extra peak power can be alleviated.

Such programs "offer a broad range of benefits," including affordability, reliability and resilience, decarbonization, and emissions reductions. But implementing such systems on a wide scale requires some up-front help, he explained. Payment for consumers to enroll in programs that allow such time adjustments "is the majority of the cost" of establishing VPPs, he says, "and that means most of the money spent on VPPs goes back into the pockets of American consumers." But to make that happen, there is a need for standardization of VPP operations "so that we are not recreating the wheel every single time we deploy a pilot or an effort with a utility."

Posted by at November 14, 2023 12:00 AM

  

« THE GIRLY MEN OF THE rIGHT: | Main | NOTHING MORE FIRMLY ANCHORS SCIENCE...: »