“When you come to a fork in the road, take it!” was Yogi Berra’s way to give directions to his house. In his case he was right, since both roads led to his house. In the case of the German Energiewende it is not as clear what road to take and some roads may not even lead to the destination.
CONTINUE READING >>
Yogi Berra had it right: The future ain’t what it used to be.
Planning in the electric industry is basically about ensuring reliability at reasonable costs. For investors it is about optimizing expected return on investments with risks. It has never been easy, but it is more difficult than ever today.
Lake Blåsjö, Norway.
Hydro storage is basically a renewable battery. Lake Blåsjö (“Blue Lake”) in Norway with a capacity of 7.8 terrawatthours (TWh) has become a symbol of Norway’s potential to become a “Blue Battery” for Northern Europe. To put the number in perspective 7.8 TWh would cover the electric consumption of over 750 000 residential homes. To accumulate the same amount of energy with lithium ion batteries it would take over 200 years of full production at Tesla’s planned Gigafactory.