The Energy Gang

Electricity grids rely on transformers. Shortages are slowing down the transition to clean energy.Transformers are such commonplace pieces of local infrastructure that most people barely notice them. In America, they include those dustbin-shaped objects on poles for power lines, and in the UK they are those rectangular boxes on the pavement. But transformers have a critical function in making the electricity grid work, and they also play a vital role in the energy transition, too. If you want to add new generation to the grid, or increase local power supplies so people can charge their EVs, very often you are going to need transformers. And right now, getting hold of them is not easy.So why are these crucial pieces of kit in short supply? And how can we get more of them?To discuss this critical question, host Ed Crooks is joined by his Wood Mackenzie colleague Xizhou Zhou, Head of Power and Renewables. Xizhou has a whole lot of data on the scale of the problem, including how long you have to wait to get hold of a transformer, and how much prices have been going up.They are joined by Energy Gang regular Melissa Lott, who until very recently was a professor at Columbia University’s climate school. And we also have a newcomer to the show: Travis Edmonds, the Head of Supply Chain Management for North American Transformers at Hitachi Energy. Working out how to get transformers to people who need them is how he spends his days, so there is no-one really better qualified to explain the realities of the shortage and suggest ways to fix it.It's a complicated subject, with many different aspects to it and many different perspectives on the problem. And it is one of the issues that will decide the future of clean energy, in America and around the world. The Energy Gang break it down, make sense of it all, and explain where they think the industry is headed now.Keep listening to the end of the episode to find out about Melissa’s new job!For more information on the Wood Mackenzie multi-client study ‘Making the Connection: Meeting the electric T&D supply chain challenge’, visit: https://www.woodmac.com/products/supply-chain-intelligence/multi-client-study-meeting-electric-td-industry-challenges/This episode is brought to you by Enbridge. Listen to Enbridge and GZERO’s podcast Energized: The Future of Energy at GZEROmedia.com/theenergygangSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

To make the leap from niche products to the mass market, electric vehicles need to reassure potential buyers that they have enough range and enough charging options that they won’t get stranded by the side of the road with a flat battery. Amy Myers Jaffe, director of the Energy, Climate Justice, and Sustainability Lab at New York University, has been suffering repeated frustrations in her search for working charging points for her EV. If the charging companies can’t get this right, it will be a big problem for expanding the market for EVs, and Amy is looking for answers.In this episode Amy joins host Ed Crooks to discuss EV charging in the US, tacking issues including: Is the industry growing fast enough? Where should new charging stations be built? What technology will they be using?Stepping in to give a perspective from the EV charging industry is Mike Battaglia, COO (and soon-to-be CEO) of Blink, a global leader in electric vehicle charging systems. He dispels some myths about EVs, and shares some of his predictions about the future of the charging industry.Together Ed, Amy and Mike talk about the rise of charging stations, both in the US and around the world. Mike explains Blink’s business model, and talks about his plans for the company. They explore the challenges in public EV charging, from software glitches to maintenance issues, and discuss how companies are stepping up to solve them. An EV is just one part of a complex system that includes charging points, power grids and generators, just as a gasoline vehicle is part of a system including filing stations, refineries, pipelines and oilwells. For EVs to succeed, the industry has to persuade customers to switch over to that new and unfamiliar system. Can the charging sector address those significant challenges and ease customers’ concerns? To keep up to date with everything we discuss on the show, and more, sign up for the newsletter the Inside Track.Let us know what you think. We’re on X, at @theenergygang. Subscribe to the show so you don’t miss any of the discussions. Available on Apple Podcasts or Spotify, or wherever you get your podcasts.Listen to Enbridge and GZERO’s podcast Energized: The Future of Energy at gzeromedia.com/theenergygangSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Energy Gang wraps up Climate Week in New York, after six days of debates, discussions, initiatives and pledges. Scheduled alongside the UN General Assembly, Climate Week brought together leaders from business, policy, finance, academia and activism to share ideas and push forward real solutions for climate change. Host Ed Crooks sits down with Helen Clarkson, CEO of the Climate Group which organizes Climate Week, to talk about the big stories that emerged from the week. Climate Week has evolved from a small business-focused event to a larger platform, engaging diverse sectors in climate action. This year it included about 900 separate events, attended by an estimated 100,000 people.Helen explains the evolution of the event, and its shift of focus from the question of why companies should act on climate, to ideas for implementing solutions. Regulations that obstruct investment in low-carbon energy are emerging as one of the biggest challenges in the transition, and Helen and Ed discuss how to break down these barriers and facilitate the growth of renewables. Support from tech companies and other businesses for the development of clean energy was a key theme through the week. The launch of the 24/7 carbon-free coalition of energy buyers, backed by the Climate Group, was one of the big announcements of the week.Ambassador Geoffrey Pyatt, US Assistant Secretary of State for Energy Resources, also joins the show to discuss the Biden administration’s role in supporting Ukraine's energy security amid the ongoing conflict with Russia, and the importance of building a resilient energy infrastructure. He says one of the key issues at his meetings at Climate Week has been the importance of the supply chain for critical minerals, and the need to reduce dependence on China by creating new capabilities for mineral extraction and processing. Plus, Ed and Ambassador Pyatt debate the role of the U.S. in leading the energy transition globally. Find all our Climate Week reporting on The Energy Gang, wherever you get your podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The transition to a low-carbon energy system will need a lot of people with bright ideas for how to do things differently. It is the greatest business challenge of our time, and also the greatest opportunity.In this latest special edition of the Energy Gang for Climate Week NYC, Ed Crooks and Amy Myers-Jaffe host a live taping of the show in front of an audience of Amy’s students at NYU.Joining them on the show are two founders of innovative cleantech companies. Marissa Beatty leads Turnover Labs, which is developing an advanced electrolysis process that can directly convert impure carbon dioxide wastes into valuable chemicals. Apoorv Sinha leads Carbon Upcycling Technologies, which uses industrial carbon dioxide emissions, combined with natural materials or industrial wastes, to create new materials with improved performance and lower emissions. Together they tell their stories of innovation and entrepreneurship, discussing the obstacles they faced, the support that helped them, and the strategies they used on their journeys from laboratory tests to commercial deployment. Also on the show is one of the biggest names in the world of cleantech venture capital investment: Dan Goldman, Co-Founder and Managing Partner of Clean Energy Ventures, which invests in early-stage cleantech companies that are working to reduce greenhouse gas emissions. Along with Marissa and Apoorv, he talks about the role of venture capital funding in the transition, and how policy can support innovative new businesses. A consistent policy frameworks is vital to foster long-term growth in the clean energy sector, but is that at risk in the US?The team offer words of wisdom for anyone thinking of trying to launch their own cleantech startup. If you want to help fix the climate problem while making money at the same time, what do you really need to know? Dan, Marissa, Apoorv and Amy have some answers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The US is entering a new era of electricity demand growth, after two decades of flatlining consumption. It is a shift that has huge implications for consumers, the industry and climate goals. Ed Crooks hosts a special live edition of the podcast, recorded at NYU for NY Climate Week, to debate the risks and opportunities in this new world for US power. On the panel:Caroline Golin, Global Head of Energy Market Development and Innovation at GoogleKate Gordon, Chief Executive of California ForwardAmy Myers Jaffe, Director of NYU's Climate and Sustainability LabXizhou Zhou, Head of Power Renewables at Wood MackenzieTogether they discuss the double-edged sword that is AI. It can drive increased efficiency throughout the energy industry, but also creates greatly increased demand electricity. Caroline discusses Google's commitment to achieving 24/7 carbon-free energy for its data centers, and advocates for innovative business models to support clean energy goals. Kate explains how extreme heat, electrification, and the push for decarbonization are reshaping energy needs. Balancing economic growth with climate resilience, job creation, and community engagement is a difficult challenge. How can it be done? Xizhou argues that the US has been unprepared for the recent surge in energy needs. How can the nation build out new infrastructure to alleviate the tensions and bottlenecks that are emerging?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We kick off our series of podcasts at Climate Week, by looking at the role that the oil and gas industry can play in the energy transition. Host Ed Crooks is joined by Bjorn Otto Sverdrup, who chairs the executive committee of the Oil and Gas Climate Initiative, a group backed by 12 of the world’s largest oil companies that works on ways to reduce emissions. Oil and gas companies play a crucial role in providing the energy the world needs today. But the transition means shifting to lower-emitting sources and technologies. So can the oil and gas industry really play any constructive role in our energy future?Bjorn says the industry's challenge is twofold: using its capital and capabilities to develop new, lower-carbon energy solutions, while at the same time work to improve the existing energy system to reduce emissions. In the short term, reducing methane emissions is one of the most important actions the oil and gas sector can take to combat climate change. Also joining the show is Gernot Wagner, a climate economist at Columbia university. He argues that while getting methane emissions down is important, there’s a need for more long-term, large-scale, thinking. Immediate emissions reductions of 5% or 15% may be great, but not if they distract from the more ambitious goals of getting to 90% or 100% reductions. Switching to a more efficient gas furnace may cut emissions now, but it locks in fossil fuel dependence for decades. Instead, transitioning to electric solutions such heat pumps is essential to achieve the full reduction needed over the coming decades. The gang open the Climate Week discussions with a debate on this short-term versus long-term goal-setting. What short-term fixes make sense? Are we letting the perfect be the enemy of the good? What kind of price on carbon do we need? And what exactly is the long-term role of the oil and gas industry as we move to net zero?  Let us know what you think. We’re on X, at @theenergygang. Subscribe to the show so you don’t miss any of the Climate Week discussions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

There’s no transition without transmission, they say. It’s a cliché because it’s true. The US Department of Energy says that the nation will need to expand transmission capacity by 60% by 2030 to meet growing clean energy demand. A recent study found that delays in transmission development are adding $2.5 billion annually in additional costs to consumers due to the inefficiencies of the current grid. So why is building transmission lines in the U.S. so hard? To find out, host Ed Crooks and regular guest Amy Myers-Jaffe of NYU are joined by Christina Hayes, Executive Director of Americans for a Clean Energy Grid. Her organization, which is backed by clean energy and tech companies and environmental groups, works to “expand, integrate, and modernize the North American high-voltage grid.”Christina explains some of the complexities of building new transmission lines in the US, taking us through the regulatory, local, and state barriers that slow down the development of new capacity that is essential for the growth of renewable energy.The Manchin-Barrasso Bill, legislation proposed in the Senate to expedite the construction of new energy infrastructure in the US, has been generating some heated debate. Could the proposals be a game-changer for infrastructure development that will accelerate deployment of clean energy and help cut emissions? Or do they give too much to fossil fuel interests relatives to the potential gains for renewables? The gang debate the pros and cons of the bill, and how much impact federal legislation can have when so many barriers exist at the local level. They also discuss some of the other key issues for the grid. FERC Order 1920 was issued in May: what is it, and why is it so significant for transmission planning? And advanced transmission technologies: how can innovations such as reconductoring and grid-enhancing technologies make the grid stronger and more flexible, and what obstacles are in the way of these investments?To keep up to date with everything we discuss on the show, and more, sign up for the newsletter the Inside Track: www.woodmac.com/nslp/the-inside-track/sign-up/The article Ed mentions early on in the show is here: https://www.cleanenergygrid.org/fewer-new-miles-2024/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The need to meet increased demand while cutting emissions is exposing some fundamental issues in the industry.It’s common knowledge that data centers use a lot of energy, and will use even more in the future as AI applications develop. One thing is not clear, though: who will end up paying for all that extra electricity?US utilities typically used to receive perhaps one or two large customer requests – meaning 20 megawatts or more – each year. Now, they may be receiving one or two of those requests every week. The need for increased electricity supply means increased investment in generation, transmission and distribution. And that investment has to be paid for. So who is going to end up picking up the tab?To find out more, Ed Crooks is joined by regular guest Dr Melissa Lott, a professor at the climate school at Columbia University, and Brian Janous, co-founder and CEO of Cloverleaf Infrastructure, which develops sites that can support large energy-dense users such as AI data centers and chip manufacturing plants. With 12 years previously leading energy strategy for Microsoft, Brian is well placed to answer the big questions on energy demand, investment and customers’ bills. With Melissa and Ed, he explains how the industry can balance the need to increase supply with the need to achieve decarbonization targets. What role does flexibility play in a highly electrified system, and how can it be leveraged to enhance grid reliability and resilience? Can the ambitious sustainability goals of tech companies like Microsoft and Google be achieved in the face of their rapidly growing demand for power, and what compromises might need to be made? And is nuclear power a source of 24/7 clean energy that could plug the demand gap? The gang debate its efficacy as a long-term solution to the energy needs of Big Tech. Meeting the energy demand for AI is a complex topic. The Energy Gang will be exploring it further in a special episode recorded live at New York Climate Week, September 22-29. If you can’t make it to New York for what is one of the energy industry’s biggest events of the year, subscribe to the show so you don’t miss the discussion.Ed and regular guest Amy Myers-Jaffe of NYU will be speaking with Caroline Golin, Global Head of Energy Market Development and Innovation at Google, and Kate Gordon, the CEO of CA FWD, a statewide organization dedicated to building a more sustainable, resilient and inclusive economy in the state of California.Subscribe to the show so you don’t miss an episode. Find us on X – we’re @theenergygangTo keep up to date with everything we talk about on the show, sign up for our weekly Inside Track newsletter. You’ll get extra analysis from Wood Mackenzie and be notified when a new episode of the podcast is out. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The (shrewdly named) Inflation Reduction Act has been called the most significant climate legislation ever passed in the US. When it did pass, in 2022, the critical vote was cast by senator Joe Manchin from West Virginia. Now in office as an independent, he and Republican senator John Barrasso from Wyoming came together to put forward a bill which advanced out of the Senate committee stage earlier this month. It’s meant to clear away some of the regulatory and legal obstacles that delay and deter infrastructure projects, including renewable energy and power transmission lines. It’s faced criticism from environmental groups but support from the American Clean Power Association and the oil and gas industry.  To unpack what it means for the rollout of renewables, Ed Crooks is joined by Melissa Lott, professor at The Climate School at Columbia University in New York, and Emily Grubert, an Associate Professor at the Keough School of Global Affairs at Notre Dame University. Together they examine the bill, and discuss the impact it could (if passed) have on production targets for wind and solar on federal lands.  In January President Biden paused approvals for pending and future applications to LNG exports. The proposed Manchin/Barrasso bill would end this pause. Emily gives her take on this; she wrote recently that the US needs a ‘a coherent national strategy for the role of natural gas in the US energy system’. What does that strategy look like?Plus, the gang debate what needs to happen for carbon removal to make a real impact on net zero goals. Emily says that ‘market-based, unconstrained, and for-profit CDR presents fundamental and predictable risks for climate and justice goals.’See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Proposed permitting reforms could accelerate both renewable energy projects and new fossil fuel infrastructure. Is that a good deal for the climate?The Inflation Reduction Act (IRA) is seen as the most significant climate legislation ever passed in the US, because of the array of new, expanded and extended tax credits it offers for low-carbon energy. But when it was passed in 2022, the critical vote in the Senate was cast by Senator Joe Manchin from West Virginia, and he always saw the IRA as just Part One of a two-part strategy. The second part would be to reform the processes for approving new infrastructure projects, to make it quicker and easier to deploy low-carbon energy technologies. The quid pro quo would be that the reform would also expedite the production and processing of fossil fuels.Senator Manchin is co-sponsoring a bill to deliver those reforms with Senator John Barrasso, a Republican from Wyoming, and their proposed legislation has been making progress in the Senate. It has faced criticism from environmental groups, but found support from both the renewables and oil and gas industries: the American Clean Power Association and the American Petroleum Institute. To unpack what the proposal could mean for the future of energy in America, Ed Crooks is joined by Melissa Lott, professor at the Climate School at Columbia University in New York, and Emily Grubert, an Associate Professor at the Keough School of Global Affairs at Notre Dame University. Together they examine the bill and discuss the impact it could have both on wind and solar power, and on gas pipelines and LNG plants.One provision in the bill would end the Biden administration’s “pause” on new approvals for LNG exports. Emily has been studying the issue, and shares her views. She wrote recently that the US needs a new “national strategy” for the role of gas in the energy system. What might that strategy look like?Plus, the gang debate what needs to happen for carbon removal to make a real difference to achieving our net zero goals. Emily warns that for-profit carbon dioxide removal “presents fundamental and predictable risks for climate and justice goals”. What are those risks, and – given that carbon removal looks likely to be needed – how can we minimize them?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Complex, outdated, expensive: concentrating solar power used to be a clunky way of harnessing the sun. What’s changed to now make it viable? Concentrating Solar Power, or CSP, takes energy from the sun, converts it to heat, and uses it to drive a turbine to provide renewable electricity. It has more moving parts than photovoltaic (PV) solar – which has none – so there is more that can go wrong. But it has the big advantage that the heat can be stored for days, weeks and even months, meaning that CSP can support grid stability even when the sun isn’t shining. Its real competition isn’t PV solar, but other “clean firm” power sources such as geothermal. The US Department of Energy is funding 25 projects in this area, with almost $100 million to research and develop CSP technologies. To discuss the technology and the viability of a process that’s been trying to get off the ground in the US for decades, Melissa Lott and Amy Myers-Jaffe are joined by Dr Matt Bauer from the Solar Energy Technologies Office.They explore the different generations of CSP technology, with Gen 3 focusing on higher temperature heat and more efficient power cycles. The steep learning curve and capital intensity of CSP plants is a particular barrier to deployment at the moment, as is the risk associated with building large thermal plants. The potential for CSP to bridge seasonal energy storage gaps is there; unlocking it is the problem.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

As the world struggles to co-operate on the energy transition, international trade rules can be a foundation for the new low-carbon economy.  Ed Crooks is joined by regular guest Amy Myers-Jaffe, Director of New York University’s Energy, Climate Justice, and Sustainability Lab, and new guest on The Energy Gang: Dan Esty, who is the Hillhouse Professor of Environmental Law and Policy at Yale University. Dan goes a long way back in clean energy: he was on the US delegation that negotiated the original Framework Convention on Climate Change back in 1992. And he has recently been working for Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, to develop a sustainability strategy for the global trading system.Dan argues that the trade system may be the best way to get everyone in the world, and businesses in particular, to “lock arms and move together” to decarbonize the global economy. The goal is to make sure that “no one's competitively disadvantaged by stepping out in front of the pack when it comes to this movement to a clean energy future."Ed, Amy and Dan explore this concept in this week’s show. The trade system provides a structured framework of rules that can enforce environmental standards globally. By integrating these standards into trade policies, countries can be encouraged to adopt low-carbon technologies without fearing competitive disadvantages. Businesses and countries are reluctant to switch to clean energy if they think their competitors won't do the same. Trade rules can make sure everyone plays fair. What’s more, a reformed trade system that promotes clean energy technologies can also create economic opportunities around the world. The gang discuss how new rules could help developing countries.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Author of ‘The Price Is Wrong’, Brett Christophers, joins the show to discuss the theories in his book.On a recent episode of the show, host Ed Crooks was joined by Melissa Lott and Joseph Majkut to discuss two books that were generating a lot of interest in energy circles. One of those, The Price Is Wrong, argues that inadequate profitability is the key reason why the transition to low-carbon energy is not moving fast enough to address the threat of global warming.There are plenty of interesting and provocative points raised in the book, so it made sense to hear them direct from the source. Ed and Melissa are joined by author and academic Brett Christophers to dissect the main points: the challenges and obstacles faced by renewable energy projects in terms of profitability and investment, and the true impact of these on progressing the energy transition.Christophers says that low returns in renewables are a result of competition, volatility in wholesale power markets, and the design of energy markets – ‘returns are lower in renewables because there’s too much money chasing too few projects.’ Ed and Melissa weigh in with their thoughts on this. Plus, they discuss the importance of market design, the role of power purchase agreements, and the need for stability in renewable energy projects. There’s a definite need for more stability-providing sources to make renewable energy projects bankable on a larger scale. Are PPAs the answer? Listen back to the review of The Price Is Wrong with Ed, Melissa and Joseph here: https://podcasts.apple.com/gb/podcast/can-capitalism-save-the-planet/id663379413?i=1000658599656See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this third special episode of the Energy Gang from the Reuters Global Energy Transition 2024 conference in New York, we focus on the crucial theme of financing the energy transition. We discuss how various stakeholders are addressing the financial challenges and opportunities presented by the shift to renewable energy.Our first guest is Utopia Hill, the Chief Executive of Reactivate, a Chicago-based company developing renewable energy projects for low to moderate-income communities in the US. Utopia shares insights into how Reactivate is creating inclusive solutions that ensure the benefits of the energy transition reach underserved populations.Next, we speak with Nia Jones, the Environment and Climate Director of the African-American Alliance of CDFI CEOs. Nia emphasizes the importance of partnerships and cooperation among businesses, governments, and non-governmental organizations in advancing the energy transition. She discusses how her organization is working to deliver renewable energy to people who might not otherwise have access to it.The scale of the financing required for the energy transition means that the private sector will have to play a key role. Valerie Smith, Chief Sustainability Officer at Citi, joins us to explore what this means for a major international bank. She tells us how Citi is contributing to sustainable finance initiatives around the world.For additional perspectives on the role of finance, we hear from Eric Cohen, Head of Green Economy Banking at JP Morgan Chase, and Greg Randolph, Managing Director of New York State’s NY Green Bank. They share their views on how financial institutions to supporting the transition to a low-carbon economy, and what more could be done to accelerate that progress. Many thanks to Utopia Hill, Nia Jones, Valerie Smith, Eric Cohen, and Greg Randolph for their invaluable contributions to this discussion. You can find Ed and the show on most social media platforms: we’re @theenergygang on X. Subscribe to the Energy Gang on Apple Podcasts or Spotify so you don’t miss the next show.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this second special episode of Wood Mackenzie's The Energy Gang, recorded at the Reuters Global Energy Transition 2024 conference in New York, we speak with leaders at some of the key companies shaping the energy transition. We hear about how they are tackling the challenge of meeting rising demand for electricity while at the same time reducing emissions.Greg Jackson, CEO of Octopus Energy, talks about his ambitions in the US market, which are centered around selling the company’s Kraken technology platform to utilities. He highlights the global potential of digitalization in propelling the energy transition forward.The transition towards renewable energy is governed not only by technological progress, but also by regulatory and policy frameworks. Our second guest, David Carroll, Chief Renewables Officer at Engie, talks about how legislation including the Inflation Reduction Act, and regulatory initiatives such as the Federal Energy Regulatory Commission's (FERC) Order No. 1920, can catalyze the adoption of renewable energy sources.Next we talk to Ana Quelhas, Managing Director of the Hydrogen Business Unit at EDP Renewables, about the role of hydrogen in the shift away from carbon-intensive energy.  Some of the hype around low-carbon hydrogen has been dying away over the past year or two. But Ana Quelhas argues that, if done right, hydrogen can still be an important part of a zero-carbon energy system, for uses where direct electrification may not be feasible.And finally, Bill Newsom, President and CEO of Mitsubishi Power Americas, tells us about what the energy revolution means for equipment suppliers. His company is developing and deploying solutions that address the demand for “clean firm” power that is available round-the-clock, through hydrogen and carbon capture. He talks about the prospect that these technologies could help provide the massive increase in 24/7 low-carbon electricity that will be required for new data centers and factories, and to charge electric vehicles.Look out for the next special episode from day three of the conference, available on Friday June 28.You can find Ed and the show on most social media platforms: we’re @theenergygang on X. Subscribe to the Energy Gang on Apple Podcasts or Spotify so you don’t miss the next show.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This is a special episode of Wood Mackenzie's The Energy Gang, recorded at the Reuters Global Energy Transition 2024 conference in New York. It has a great lineup of speakers from the worlds of business, finance, and government, giving us an opportunity to talk to some of the key people who are driving the energy transition. One of the panellists on the first day was Kristina Skierka, CEO of Power for All, a campaign group working on energy access in low-income countries. Host Ed Crooks talked with her about how decentralized renewables can reduce energy poverty, and how partnerships between business, philanthropy and government can help countries make progress towards the UN’s Sustainable Development Goals.Power for All is working on what it calls its “Utilities 2.0” initiative, looking for ways to combine centralized and decentralized energy to create robust, integrated systems that will improve service delivery and stimulate increased demand.Another session at the event was a technology showcase, where we heard from companies developing innovative ways to cut emissions. One of them was Cella, which has a new method for permanent carbon removal. Its approach accelerates the natural geologic process that turns carbon dioxide into a mineral: it injects captured carbon dioxide into volcanic rocks, where mineralization permanently locks it underground.Ed talked with Corey Pattison, Cella’s co-founder and CEO, and they discussed the different methods of carbon mineralization, the geology needed for the process to work, and the potential advantages for this method over conventional carbon dioxide storage.  There was also a Town Hall session for attendees, allowing open discussion on any topics the participants wanted to bring up. Ed raised a question suggested on LinkedIn, about the potential trade-off in the transition between speed and scale in the deployment of low carbon technologies, and energy equity. We report back on some of the responses to that question.Look out for the next special episode from day two of the conference, available on Thursday June 27.You can find Ed and the show on most social media platforms: we’re @theenergygang on X. Subscribe to the Energy Gang on Apple Podcasts or Spotify so you don’t miss the next show.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Two books that are essential reading for energy wonks give contrasting views on how to tackle climate change.The hot book in the energy world right now is Brett Christophers’ The Price Is Wrong: Why Capitalism Won’t Save the Planet. It’s a detailed look at the structural issues in electricity markets and the challenges of generating returns on renewable investments, arguing that inadequate profitability is the key reason why the transition to low-carbon energy is not moving fast enough to address the threat of global warming.It’s a provocative thesis that has sparked heated debate, on both sides of the debate. If you work in the energy business, you need to get to grips with the argument, even if you ultimately think it’s wrong.In this episode, Ed Crooks is joined by Melissa Lott, Professor at Columbia University’s Climate School, and Joseph Majkut, director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies, to discuss the question of whether private investment and market forces can bring about the reduction in emissions that the world needs.They also review another important book that has broadly the opposite message: Akshat Rathi’s Climate Capitalism – Winning the Global Race to Zero Emissions. That book focuses on the real examples of progress in the energy transition.At a time when the pace of the energy transition globally may be faltering, and the 1.5 degrees limit to global warming is getting further and further out of reach, Climate Capitalism shows just how much change and innovation there is in the industry. Bill Gates says it’s an important read for anyone in need of optimism.In spirit, at least, it seems like a very different message from The Price Is Wrong. But are the fundamental conclusions of the two books really so different? Ed, Melissa and Joseph discuss whether there might be some common ground there after all.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Regulators are trying to clear the path to the grid that clean energy needs.To go from an electricity system based on coal and gas to one based on solar and wind, the US needs a very different power grid. On some estimates, annual installations of new transmission capacity need to double. To help build the grid that a new clean electricity system will need, the US Federal Energy Regulatory Commission has been working on regulatory reforms, intended to smooth the path for new investments in transmission lines. Ed Crooks is joined by Amy Myers-Jaffe of New York University and Shanu Mathew of Lazard Asset Management, to unpack the latest orders from FERC. What are the regulators trying to do, and why do some people object to their plans? And what will the proposed reforms mean for the energy transition in the electricity sector in the US? It has been a busy few weeks for big announcements in energy. A new round of tariffs on clean energy products from China was announced this month by President Biden, with rates of 100% on electric vehicles, 50% on solar modules, and 25% on lithium-ion batteries. The goal is to revive clean energy manufacturing in the US, but critics say the tariffs could be counter-productive, because they will drive up the cost of low-carbon technologies for American businesses and consumers.One important gauge of the state of the energy transition is the health of investment in low-carbon stocks. The news on that over the past couple of years has not been great. So what are the markets telling us about the future of clean energy? Shanu gives us his analysis, and joins Amy and Ed to debate investor sentiment and what it means. For more analysis and to keep up-to-date with everything that happens with the Energy Gang, sign up for the newsletter at woodmac.com/the-inside-trackSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

AI is driving up demand for electricity. How can we meet that demand with clean energy?It has been a big theme on the Energy Gang this year: the massive additional demand for energy that could be created by data centers for artificial intelligence. It’s an emerging issue that threatens to cause new challenges for the world’s attempts to achieve net zero goals.So it is a great opportunity for us to have on the show a representative from Google, a company that relies heavily on data centers and is at the forefront of the AI revolution. It also has some ambitious decarbonization goals: the aim is to power the company’s operations entirely with clean energy by 2030.  Maud Texier is the global director of clean energy and decarbonization development at Google. She joins Ed Crooks and Amy Myers-Jaffe to explain how she sees the path to achieving that goal by 2030. Google’s objective of 24/7 clean energy requires sourcing renewable power that aligns with its consumption patterns. That means not just buying enough renewable energy to match its usage over the course of a year: every kilowatt-hour consumed must be carbon-free. It’s a challenging goal that it driving Google, like other companies with similar objectives, to explore new ways to generate power, store energy and manage the grid. Google is looking at or already investing in a range of innovative energy technologies, including enhanced geothermal, hydrogen, long-duration storage and advanced nuclear. Big energy users such as Google can do a lot to shape the evolution of the energy industry. But policy support is, as ever, crucial to achieving net zero goals. How is Google engaging with policymakers and regulators to help support the deployment of clean energy? New standards in the European parliament, aimed at improving energy efficiency, include mandates for data centers to report their performance. Are we moving towards an era of more stringent regulation of energy use for data centers and other large loads?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Department of Energy’s Loan Programs Office has a grandstand view of the energy transition. Where is it going next?Jigar Shah, one of the originators of the Energy Gang, now runs the Department of Energy’s Loan Programs Office, playing a key role in advancing clean energy projects. By helping to bridge the gap between R&D and large-scale deployment, it encourages private sector investment and supports the administration’s work to achieve its net zero goals.Jigar was appointed Director of the LPO in March 2021 with a brief to “to rev those engines back up” after a quiet period under the Trump administration. He returns to the Energy Gang to discuss the progress he has made so far, and the goals he is working towards in the future. In particular, he talks about the hot topic of the moment in energy: how to meet increased demand for electricity driven by data centers for AI, new factories, and electric vehicles.Much of the new load being added to the electricity system will not be flexible. Data centers mostly need to be available 24/7. So how is the grid going to manage these growing demands? Host Ed Crooks is also joined by Amy Myers-Jaffe, Director of NYU’s Energy, Climate Justice & Sustainability Lab, to discuss Jigar’s views on the solutions to these challenges.Topics covered include Virtual Power Plants, enhanced geothermal and advanced nuclear. Those latter two are among the handful of sources of energy that we usually think about when we are discussing “clean firm power”. Geothermal in particular is generating a lot of buzz lately. What will it take to get it deployed at scale? Is it pulling ahead of advanced nuclear in the race to commerciality and large-scale deployment?The Energy Gang will be recording live from the Global Energy Transition event in June in New York. To secure a discounted ticket, use the ENERGYGANG500 discount code. Visit https://events.reutersevents.com/energy-transition/global-energy-transition-new-york to book.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.