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SUMMARY:A complete shift of perspective for the energy sector (by Wolf D. 
 Grossmann)
DTSTART:20161124T110000Z
DTEND:20161124T120000Z
DTSTAMP:20161103T190156Z
UID:presentation-22.series-5
DESCRIPTION:Three new technologies have developed very rapidly over the la
 st 10 years and each of these is beginning to change the energy sector com
 pletely. First\, long-distance electricity transmission by high-voltage DC
  is used in the "Global Energy Interconnection" (Zhenya Liu) as part of th
 e Chinese Silk Road 2 initiative. Western media downplay this Chinese init
 iative but the Chinese go ahead with numerous activities in all parts of t
 he world\; at present still except the Americas. China has the will\, the 
 money\, the technology and the political cloud to become a dominant player
  in this sector. Second\, battery storage allows to overcome major problem
 s posed by the obligation for electric power companies to always meet the 
 demand for electricity\, in particular the peak load. Companies in this se
 ctor are\, very suddenly\, ordering large amounts of battery storage. Tesl
 a has outlined that with 2 billion of its powerwalls (14 Terawatt hours of
  storage)\, together with photovoltaics\, it could meet the global energy 
 demand. Third\, photovoltaics is now the cheapest source for electricity\,
  at 2.9 US¢/kWh in a big new power plant in Dubai\; a price that includes
  operation and maintenance\, profits and capital costs. This is equivalent
  to solar electricity in Austria for less than 6 US¢/kWh. This price will
  fall another 50% until 2022\; as is projected in road maps  from\, so far
 \, highly reliable tech companies.\n\nThe potential for a complete shift o
 f the energy sector becomes apparent when these three technologies are com
 bined\; a development that will come. This could give dispatchable electri
 city of highest technological quality\, in a highly reliable way\, globall
 y free coast for below 3 US¢/kWh. This is considerably less than half the
  present costs from the cheapest electric power companies for dispatchable
  electricity\, i.e. electricity that meets actual  load curves 24/7 all ye
 ar. (The problem here is not the low costs of base load but the high costs
  of peak load).\n\nWe outline a pathway for implementation of a global ren
 ewable energy system that meets 90% of global demand such that at each pha
 se of this implementation there are groups that would achieve high profits
  from in phase and thus have strong incentives to go ahead. In particular\
 , people with access to roofs\, i.e. normal citizens or citizens groups an
 d companies\, would profit in the first phase. Electric power companies wo
 uld greatly profit in the second phase which would bring in this important
  group and the politicians behind them. \n\nThis pathway would allow very 
 rapid installation of a global system thus also giving an effective answer
  how to cope with climate change\, how to feed the increasing fleet of ele
 ctric vehicles\, how to support development for those 5 billion population
  with poor energy access and how to support citizens and companies in rich
  countries that have to cope with present high energy costs. The more coun
 tries participate the better for everybody\, with the exception of countri
 es at higher latitudes and correspondingly low insolation\; but globally f
 ew people live in those latitudes.\n\nThis pathway needs plenty of new for
 ms of economic analyses and new mathematics. Some of these new methods wil
 l be outlined\, showing their role and importance for a new energy system.
LOCATION:SR Wegener Center\, Brandhofgasse 5\, 1st floor
ORGANIZER;CN="Douglas Maraun";ROLE=CHAIR:MAILTO:douglas.maraun@uni-graz.at
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