Massive Dark Hole Opens in the Sun – We are in a Solar MINIMUM
https://www.windtaskforce.org/profiles/blogs/massive-dark-hole-open...
By Martin Armstrong
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An enormous dark hole has opened up in the surface of the sun, emitting streams of unusually fast radiation, known as solar wind, right at Earth.
The size of the temporary hole is wider than 60 Earths and extraordinary at this stage of the solar cycle.
This phenomenon, known as a coronal hole, took shape near the sun’s equator on December 2 and reached its maximum width of around 497,000 miles (800,000 kilometers) within 24 hours.
Since December 4, the solar hole has been pointing directly at Earth.
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Experts initially predicted, this most recent hole could spark a moderate geomagnetic storm that could trigger radio blackouts and strong auroral displays.
Solar winds have been less intense than expected, so the resulting storm has only weakened.
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For most of its history, science believed the sun’s output was constant.
They finally realized, a thermal dynamic cycle beats like your heart.
The sun could not exist without a steady outflow of energy.
One degree less, and it would blow itself out.
Hence, it is cyclical, rising and falling in intensity.
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The eleven-year cycle in sunspots builds in intensity like the Economic Confidence Model (ECM), reaching “grand maxima” and “grand minima” over the course of 300 years.
The last grand maximum peaked in 1958, after which the sun has been steadily quieting down.
We have seen sun spot activity decrease at its steepest in 9,300 years, but the climate change zealots refuse to acknowledge naturally occurring cyclical weather patterns.
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The last Maunder Minimum, during which the sun languished for seventy years, took place from 1645 to 1715 when the sun’s brightness decreased, and the number of sunspots collapsed.
In fact, fewer than 50 sunspots were observed within a 28-year period.
Parts of the world became so cold, the period was called the Little Ice Age, which lasted from about 1300 to 1850.
A Solar Minimum does not mean that the sun becomes colder, but rather, it changes.
As sunspots fade away, we enter a Solar Minimum.
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The lapdog Media, owned and run by the billionaire Globalists, continues to promote, we are in a period of a Solar Maximum that allegedly began in 2019.
Yet there has been a decrease in sunspot activity since 2018.
It is extremely rare for coronal holes to develop during a Maximum event.
Furthermore, the scientists who are paid to produce studies that promote the green agenda never look at data beyond 1850.
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Our model indicated, we entered a Grand Minimum that overtook the sun beginning in 2020 and will last through the 2050s.
This will result in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth.
This all means, we are facing a global cooling period in the planet that may span 31 to 43 years.
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According to the current single-dimensional analysis, spewed by the climate-change crowd, recent hot summers equate to global warming.
They prefer to overlook volatility, as we are in a period where the swings become more extreme.
Just this week, my county in central Florida issued a weather alert for near-freezing temperatures.
Last Christmas Eve, temperatures dropped to near-freezing conditions.
In fact, much of my area is now considered sub-tropical rather than tropical, as overnight conditions occasionally freeze.
APPENDIX 1
Floating Offshore Wind Systems in the Impoverished State of Maine
https://www.windtaskforce.org/profiles/blogs/floating-offshore-wind...
World Offshore Wind Capacity Placed on Operation in 2021
During 2021, worldwide offshore wind capacity placed in operation was 17,398 MW, of which China 13,790 MW, and the rest of the world 3,608 MW, of which UK 1,855 MW; Vietnam 643 MW; Denmark 604 MW; Netherlands 402 MW; Taiwan 109 MW
Of the 17,398 MW, just 57.1 MW was floating, about 1/3%
At end of 2021, 50,623 MW was in operation, of which just 123.4 MW was floating, about 1/4%
https://www.energy.gov/eere/wind/articles/offshore-wind-market-repo...
Despite the meager floating offshore MW in the world, pro-wind politicians, bureaucrats, etc., aided and abetted by the lapdog Main Media and "academia/think tanks", in the impoverished State of Maine, continue to fantasize about building 3,000 MW of 850-ft-tall floating offshore wind turbines by 2040!!
Maine government bureaucrats, etc., in a world of their own climate-fighting fantasies, want to have about 3,000 MW of floating wind turbines by 2040; a most expensive, totally unrealistic goal, that would further impoverish the already-poor State of Maine for many decades.
Those bureaucrats, etc., would help fatten the lucrative, 20-y, tax-shelters of mostly out-of-state, multi-millionaire, wind-subsidy chasers, who likely have minimal regard for:
1) Impacts on the environment and the fishing and tourist industries of Maine, and
2) Already-overstressed, over-taxed, over-regulated Maine ratepayers and taxpayers, who are trying to make ends meet in a near-zero, real-growth economy.
Those fishery-destroying, 850-ft-tall floaters, with 24/7/365 strobe lights, visible 30 miles from any shore, would cost at least $7,500/ installed kW, or at least $22.5 billion, if built in 2023 (more after 2023)
See below Norwegian floating offshore cost of $8,300/installed kW
Almost the entire supply of the Maine projects would be designed and made in Europe, then transported across the Atlantic Ocean, in specialized ships, also designed and made in Europe, then unloaded at the about $400-million Maine storage/pre-assembly/staging area, then barged to specialized erection ships, also designed and made in Europe, for erection of the floating turbines
About 300 Maine people would have pre-assembly/staging/erection jobs, during the erection phase
The other erection jobs would be by specialized European people, mostly on cranes and ships
About 100 Maine people would have long-term O&M jobs during the 20-y electricity production phase
The projects would produce electricity at about 40 c/kWh, no subsidies, at about 20 c/kWh, with subsidies, the wholesale price at which utilities would buy from Owners (higher prices after 2023)
https://www.maine.gov/governor/mills/news/governor-mills-signs-bill...
The Maine woke bureaucrats are falling over each other to prove their “greenness”, offering $millions of this and that for free, but all their primping and preening efforts has resulted in no floating offshore bids from European companies
The Maine people have much greater burdens to look forward to for the next 20 years, courtesy of the Governor Mills incompetent, woke bureaucracy that has infested the state government
The Maine people need to finally wake up, and put an end to all the climate scare-mongering, which aims to subjugate and further impoverish them, by voting the entire Democrat woke cabal out and replace it with rational Republicans in 2024
The present course leads to financial disaster for the impoverished State of Maine and its people.
The purposely-kept-ignorant Maine people do not deserve such maltreatment
Floating Offshore Wind in Maine
Electricity Cost: Assume a $750 million, 100 MW project consists of foundations, wind turbines, cabling to shore, and installation at $7,500/kW.
Production 100 MW x 8766 h/y x 0.40, CF = 350,640,000 kWh/y
Amortize bank loan for $525 million, 70% of project, at 6.5%/y for 20 years, 13.396 c/kWh.
Owner return on $225 million, 30% of project, at 10%/y for 20 years, 7.431 c/kWh
Offshore O&M, about 30 miles out to sea, 8 c/kWh.
Supply chain, special ships, and ocean transport, 3 c/kWh
All other items, 4 c/kWh
Total cost 13.396 + 7.431 + 8 + 3 + 4 = 35.827 c/kWh
Less 50% subsidies (ITC, 5-y depreciation, interest deduction on borrowed funds) 17.913 c/kWh
Owner sells to utility at 17.913 c/kWh
NOTE: If li-ion battery systems were contemplated, they would add 20 to 40 c/kWh to the cost of any electricity passing through them, during their about 15-y useful service lives! See Part 1 of URL
https://www.windtaskforce.org/profiles/blogs/battery-system-capital-costs-losses-and-aging
NOTE: The above prices compare with the average New England wholesale price of about 5 c/kWh, during the 2009 - 2022 period, 13 years, courtesy of:
Gas-fueled CCGT plants, with low-cost, low-CO2, very-low particulate/kWh
Nuclear plants, with low-cost, near-zero CO2, zero particulate/kWh
Hydro plants, with low-cost, near-zero-CO2, zero particulate/kWh
Cabling to Shore Plus $Billions for Additional Gridwork on Shore
A high voltage cable would be hanging from each unit, until it reaches bottom, say about 200 to 500 feet.
The cables would need some type of flexible support system
There would be about 5 cables, each connected to sixty, 10 MW wind turbines, making landfall on the Maine shore, for connection to 5 substations (each having a 600 MW capacity, requiring several acres of equipment), then to connect to the New England high voltage grid.
The onshore grid will need $billions for expansion/reinforcement to transmit electricity to load centers, mostly in southern New England.
Floating Offshore a Major Financial Burden on Maine People
Rich Norwegian people can afford to dabble in such expensive demonstration follies (See Appendix 2), but the over-taxed, over-regulated, impoverished Maine people would buckle under such a heavy burden, while trying to make ends meet in the near-zero, real-growth Maine economy.
Maine folks need lower energy bills, not higher energy bills.
APPENDIX 2
Floating Offshore Wind in Norway
Equinor, a Norwegian company, put in operation, 11 Hywind, floating offshore wind turbines, each 8 MW, for a total of 88 MW, in the North Sea. The wind turbines are supplied by Siemens, a German company
Production will be about 88 x 8766 x 0.5, claimed lifetime capacity factor = 385,704 MWh/y, which is about 35% of the electricity used by 2 nearby Norwegian oil rigs, which cost at least $1.0 billion each.
On an annual basis, the existing diesel and gas-turbine generators on the rigs, designed to provide 100% of the rigs electricity requirements, 24/7/365, will provide only 65%, i.e., the wind turbines have 100% back up.
The generators will counteract the up/down output of the wind turbines, on a less-than-minute-by-minute basis, 24/7/365
The generators will provide almost all the electricity during low-wind periods, and 100% during high-wind periods, when rotors are feathered and locked.
The capital cost of the entire project was about 8 billion Norwegian Kroner, or about $730 million, as of August 2023, when all 11 units were placed in operation, or $730 million/88 MW = $8,300/kW. See URL
That cost was much higher than the estimated 5 billion NOK in 2019, i.e., 60% higher
The project is located about 70 miles from Norway, which means minimal transport costs of the entire supply to the erection sites
https://www.offshore-mag.com/regional-reports/north-sea-europe/arti...
https://en.wikipedia.org/wiki/Floating_wind_turbine
The project would produce electricity at about 42 c/kWh, no subsidies, at about 21 c/kWh, with 50% subsidies
In Norway, all work associated with oil rigs is very expensive.
Three shifts of workers are on the rigs for 6 weeks, work 60 h/week, and get 6 weeks off with pay, and are paid well over $150,000/y, plus benefits.
Floating Offshore Wind in Maine
If such floating units were used in Maine, the production costs would be even higher in Maine, because of:
1) The additional cost of transport of almost the entire supply, including specialized ships and cranes, across the Atlantic Ocean, plus
2) The additional $300 to $500 million capital cost of any onshore facilities for storing/pre-assembly/staging/barging to erection sites
3) A high voltage cable would be hanging from each unit, until it reaches bottom, say about 200 to 500 feet.
The cables would need some type of flexible support system
The cables would be combined into several cables to run horizontally to shore, for at least 25 to 30 miles, to several onshore substations, to the New England high voltage grid.
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APPENDIX 3
Offshore Wind
Most folks, seeing only part of the picture, write about wind energy issues that only partially cover the offshore wind situation, which caused major declines of the stock prices of Siemens, Oersted, etc., starting at the end of 2020; the smart money got out
All this well before the Ukraine events, which started in February 2022. See costs/kWh in below article
World’s Largest Offshore Wind System Developer Abandons Two Major US Projects as Wind/Solar Bust Continues
https://www.windtaskforce.org/profiles/blogs/world-s-largest-offsho...
US/UK Governments Offshore Wind Goals
1) 30,000 MW of offshore by 2030, by the cabal of climate extremists in the US government
2) 36,000 MW of offshore by 2030, and 40,000 MW by 2040, by the disconnected-from-markets UK government
Those US/UK goals were physically unachievable, even if there were abundant, low-cost financing, and low inflation, and low-cost energy, materials, labor, and a robust, smooth-running supply chain, to place in service about 9500 MW of offshore during each of the next 7 years, from start 2024 to end 2030, which has never been done before in such a short time. See article
US/UK 66,000 MW OF OFFSHORE WIND BY 2030; AN EXPENSIVE FANTASY
https://www.windtaskforce.org/profiles/blogs/biden-30-000-mw-of-off...
NOTE: During an interview, a commentator was reported to say” “renewables are not always reliable”
That shows the types of ignorami driving the bus
The commentator should have said: Wind and solar are never, ever reliable
US Offshore Wind Electricity Production and Cost
Electricity production about 30,000 MW x 8766 h/y x 0.40, lifetime capacity factor = 105,192,000 MWh, or 105.2 TWh. The production would be about 100 x 105.2/4000 = 2.63% of the annual electricity loaded onto US grids.
Electricity Cost, c/kWh: Assume a $550 million, 100 MW project consists of foundations, wind turbines, cabling to shore, and installation, at $5,500/kW.
Production 100 MW x 8766 h/y x 0.40, CF = 350,640,000 kWh/y
Amortize bank loan for $385 million, 70% of project, at 6.5%/y for 20 y, 9.824 c/kWh.
Owner return on $165 million, 30% of project, at 10%/y for 20 y, 5.449 c/kWh
Offshore O&M, about 30 miles out to sea, 8 c/kWh.
Supply chain, special ships, ocean transport, 3 c/kWh
All other items, 4 c/kWh
Total cost 9.824 + 5.449 + 8 + 3 + 4 = 30.273 c/kWh
Less 50% subsidies (ITC, 5-y depreciation, interest deduction on borrowed funds) 15.137 c/kWh
Owner sells to utility at 15.137 c/kWh; developers in NY state, etc., want much more. See Above.
Not included: At a future 30% wind/solar on the grid:
Cost of onshore grid expansion/reinforcement, about 2 c/kWh
Cost of a fleet of plants for counteracting/balancing, 24/7/365, about 2.0 c/kWh
In the UK, in 2020, it was 1.9 c/kWh at 28% wind/solar loaded onto the grid
Cost of curtailments, 2.0 c/kWh
Cost of decommissioning, i.e., disassembly at sea, reprocessing and storing at hazardous waste sites
APPENDIX 4
Levelized Cost of Energy Deceptions, by US-EIA, et al.
Most people have no idea wind and solar systems need grid expansion/reinforcement and expensive support systems to even exist on the grid.
With increased annual W/S electricity percent on the grid, increased grid investments are needed, plus greater counteracting plant capacity, MW, especially when it is windy and sunny around noon-time.
Increased counteracting of the variable W/S output, places an increased burden on the grid’s other generators, causing them to operate in an inefficient manner (more Btu/kWh, more CO2/kWh), which adds more cost/kWh to the offshore wind electricity cost of about 16 c/kWh, after 50% subsidies
The various cost/kWh adders start with annual W/S electricity at about 8% on the grid.
The adders become exponentially greater, with increased annual W/S electricity percent on the grid
The US-EIA, Lazard, Bloomberg, etc., and their phony LCOE "analyses", are deliberately understating the cost of wind, solar and battery systems
Their LCOE “analyses” of W/S/B systems purposely exclude major LCOE items.
Their deceptions reinforced the popular delusion, W/S are competitive with fossil fuels, which is far from reality.
The excluded LCOE items are shifted to taxpayers, ratepayers, and added to government debts.
W/S would not exist without at least 50% subsidies
W/S output could not be physically fed into the grid, without items 2, 3, 4, 5, and 6. See list.
1) Subsidies equivalent to about 50% of project lifetime owning and operations cost,
2) Grid extension/reinforcement to connect remote W/S systems to load centers
3) A fleet of quick-reacting power plants to counteract the variable W/S output, on a less-than-minute-by-minute basis, 24/7/365
4) A fleet of power plants to provide electricity during low-W/S periods, and 100% during high-W/S periods, when rotors are feathered and locked,
5) Output curtailments to prevent overloading the grid, i.e., paying owners for not producing what they could have produced
6) Hazardous waste disposal of wind turbines, solar panels and batteries. See image.
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APPENDIX 5
BATTERY SYSTEM CAPITAL COSTS, OPERATING COSTS, ENERGY LOSSES, AND AGING
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...
EXCERPT:
Annual Cost of Megapack Battery Systems; 2023 pricing
Assume a system rated 45.3 MW/181.9 MWh, and an all-in turnkey cost of $104.5 million, per Example 2
Amortize bank loan for 50% of $104.5 million at 6.5%/y for 15 years, $5.484 million/y
Pay Owner return of 50% of $104.5 million at 10%/y for 15 years, $6.765 million/y (10% due to high inflation)
Lifetime (Bank + Owner) payments 15 x (5.484 + 6.765) = $183.7 million
Assume battery daily usage for 15 years at 10%, and loss factor = 1/(0.9 *0.9)
Battery lifetime output = 15 y x 365 d/y x 181.9 MWh x 0.1, usage x 1000 kWh/MWh = 99,590,250 kWh to HV grid; 122,950,926 kWh from HV grid; 233,606,676 kWh loss
(Bank + Owner) payments, $183.7 million / 99,590,250 kWh = 184.5 c/kWh
Less 50% subsidies (ITC, depreciation in 5 years, deduction of interest on borrowed funds) is 92.3c/kWh
At 10% usage, (Bank + Owner) cost, 92.3 c/kWh
At 40% usage, (Bank + Owner) cost, 23.1 c/kWh
Excluded costs/kWh: 1) O&M; 2) system aging, 1.5%/y, 3) 19% HV grid-to-HV grid loss, 3) grid extension/reinforcement to connect battery systems, 5) downtime of parts of the system, 6) decommissioning in year 15, i.e., disassembly, reprocessing and storing at hazardous waste sites.
NOTE: The 40% throughput is close to Tesla’s recommendation of 60% maximum throughput, i.e., not charging above 80% full and not discharging below 20% full, to achieve a 15-y life, with normal aging
NOTE: Tesla’s recommendation was not heeded by the owners of the Hornsdale Power Reserve in Australia. They added Megapacks to offset rapid aging of the original system, and added more Megapacks to increase the rating of the expanded system.
COMMENT ON CALCULATION
Regarding any project, the bank and the owner have to be paid, no matter what.
Therefore, I amortized the bank loan and the owner’s investment
If you divide the total of the payments over 15 years by the throughput during 15 years, you get the cost per kWh, as shown.
According to EIA annual reports, almost all battery systems have throughputs less than 10%. I chose 10% for calculations.
A few battery systems have higher throughputs, if they are used to absorb midday solar and discharge it during peak hour periods of late-afternoon/early-evening.
They may reach up to 40% throughput. I chose 40% for calculations
Remember, you have to draw about 50 units from the HV grid to deliver about 40 units to the HV grid, because of a-to-z system losses. That gets worse with aging.
A lot of people do not like these c/kWh numbers, because they have been repeatedly told by self-serving folks, battery Nirvana is just around the corner, which is a load of crap.
APPENDIX 6
Solar is in a Downturn, Similar to Offshore Wind
SolarEdge Technologies shares plunged about two weeks ago, after it warned about decreasing European demand.
Solar Panels Are Much More Carbon-Intensive Than Experts are Willing to Admit
https://www.windtaskforce.org/profiles/blogs/solar-panels-are-more-...
SolarEdge Melts Down After Weak Guidance
https://www.windtaskforce.org/profiles/blogs/wind-solar-implosion-s...
The Great Green Crash – Solar Down 40%
https://wattsupwiththat.com/2023/11/08/the-great-green-crash-solar-...
APPENDIX 7
Miscellaneous Sources of Information
World's Largest Offshore Wind System Developer Abandons Two Major US Projects as Wind/Solar Bust Continues
https://www.windtaskforce.org/profiles/blogs/world-s-largest-offsho...
US/UK 66,000 MW OF OFFSHORE WIND BY 2030; AN EXPENSIVE FANTASY
https://www.windtaskforce.org/profiles/blogs/biden-30-000-mw-of-off...
BATTERY SYSTEM CAPITAL COSTS, OPERATING COSTS, ENERGY LOSSES, AND AGING
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...
Regulatory Rebuff Blow to Offshore Wind Projects; Had Asked for Additional $25.35 billion
https://www.windtaskforce.org/profiles/blogs/regulatory-rebuff-blow...
Offshore Wind is an Economic and Environmental Catastrophe
https://www.windtaskforce.org/profiles/blogs/offshore-wind-is-an-ec...
Four NY offshore projects ask for almost 50% price rise
https://www.windtaskforce.org/profiles/blogs/four-ny-offshore-proje...
EV Owners Facing Soaring Insurance Costs in the US and UK
https://www.windtaskforce.org/profiles/blogs/ev-owners-facing-soari...
U.S. Offshore Wind Plans Are Utterly Collapsing
https://www.windtaskforce.org/profiles/blogs/u-s-offshore-wind-plan...
Values Of Used EVs Plummet, As Dealers Stuck With Unsold Cars
https://www.windtaskforce.org/profiles/blogs/values-of-used-evs-plu...
Electric vehicles catch fire after being exposed to saltwater from Hurricane Idalia
https://www.windtaskforce.org/profiles/blogs/electric-vehicles-catc...
The Electric Car Debacle Shows the Top-Down Economics of Net Zero Don’t Add Up
https://www.windtaskforce.org/profiles/blogs/the-electric-car-debac...
Lifetime Performance of World’s First Offshore Wind System in the North Sea
https://www.windtaskforce.org/profiles/blogs/lifetime-performance-o...
Solar Panels Are Much More Carbon-Intensive Than Experts are Willing to Admit
https://www.windtaskforce.org/profiles/blogs/solar-panels-are-more-...
IRENA, a Renewables Proponent, Ignores the Actual Cost Data for Offshore Wind Systems in the UK
https://www.windtaskforce.org/profiles/blogs/irena-a-european-renew...
UK Offshore Wind Projects Threaten to Pull Out of Uneconomical Contracts, unless Subsidies are Increased
https://www.windtaskforce.org/profiles/blogs/uk-offshore-wind-proje...
CO2 IS A LIFE GAS; NO CO2 = NO FLORA AND NO FAUNA
https://www.windtaskforce.org/profiles/blogs/co2-is-a-life-gas-no-c...
AIR SOURCE HEAT PUMPS DO NOT ECONOMICALLY DISPLACE FOSSIL FUEL BTUs IN COLD CLIMATES
https://www.windtaskforce.org/profiles/blogs/air-source-heat-pumps-...
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IRELAND FUEL AND CO2 REDUCTIONS DUE TO WIND ENERGY LESS THAN CLAIMED
https://www.windtaskforce.org/profiles/blogs/fuel-and-co2-reduction...
APPENDIX 8
Nuclear Plants by Russia
According to the IAEA, during the first half of 2023, a total of 407 nuclear reactors are in operation at power plants across the world, with a total capacity at about 370,000 MW
Nuclear was 2546 TWh, or 9.2%, of world electricity production in 2022
https://www.windtaskforce.org/profiles/blogs/batteries-in-new-england
Rosatom, a Russian Company, is building more nuclear reactors than any other country in the world, according to data from the Power Reactor Information System of the International Atomic Energy Agency, IAEA.
The data show, a total of 58 large-scale nuclear power reactors are currently under construction worldwide, of which 23 are being built by Russia.
Nuclear Plants: A typical plant may have up to 4 reactors, usually about 1,200 MW each
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In Egypt, 4 reactors, each 1,200 MW = 4,800 MW for $30 billion, or about $6,250/kW,
The cost of the nuclear power plant is $28.75 billion.
As per a bilateral agreement, signed in 2015, approximately 85% of it is financed by Russia, and to be paid for by Egypt under a 22-year loan with an interest rate of 3%.
That cost is at least 40% less than US/UK/EU
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In Turkey, 4 reactors, each 1,200 MW = 4,800 MW for $20 billion, or about $4,200/kW, entirely financed by Russia. The plant will be owned and operated by Rosatom
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In India, 6 VVER-1000 reactors, each 1,000 MW = 6,000 MW at the Kudankulam Nuclear Power Plant.
Capital cost about $15 billion. Units 1, 2, 3 and 4 are in operation, units 5 and 6 are being constructed
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Rosatom, created in 2007 by combining several Russian companies, usually provides full service during the entire project life, such as training, new fuel bundles, refueling, waste processing and waste storage in Russia, etc., because the various countries likely do not have the required systems and infrastructures
Nuclear vs Wind: Remember, these nuclear plants reliably produce steady electricity, at reasonable cost/kWh, and have near-zero CO2 emissions
They have about 0.90 capacity factors, and last 60 to 80 years
Nuclear do not require counteracting plants. They can be designed to be load-following, as some are in France
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Offshore wind systems produce variable, unreliable power, at very high cost/kWh, and are far from CO2-free, on a
mine-to-hazardous landfill basis.
They have lifetime capacity factors, on average, of about 0.40; about 0.45 in very windy places
They last about 20 to 25 years in a salt water environment
They require: 1) a fleet of quick-reacting power plants to counteract the up/down wind outputs, on a less-than-minute-by-minute basis, 24/7/365, 2) major expansion/reinforcement of electric grids to connect the wind systems to load centers, 3) a lot of land and sea area, 4) curtailment payments, i.e., pay owners for what they could have produced
Major Competitors: Rosatom’s direct competitors, according to PRIS data, are three Chinese companies: CNNC, CSPI and CGN.
They are building 22 reactors, but it should be noted, they are being built primarily inside China, and the Chinese partners are building five of them together with Rosatom.
American and European companies are lagging behind Rosatom, by a wide margin,” Alexander Uvarov, a director at the Atom-info Center and editor-in-chief at the atominfo.ru website, told TASS.
Tripling Nuclear? During COP28 in opulent Dubai, Kerry called for the world to triple CO2-free nuclear, from 370,200 MW to about 1,110,600 MW, by 2050.
https://phys.org/news/2023-12-triple-nuclear-power-cop28.html
Based on past experience in the US and EU, it takes at least 10 years to commission nuclear plants
That means, plants with about 39 reactors must be started each year, for 16 years (2024 to 2040), to fill the pipeline, to commission the final ones by 2050, in addition to those already in the pipeline.
New nuclear: Kerry’s nuclear tripling by 2050, would be 11% of the 2050 world electricity generation. See table
Existing nuclear: If some of the older plants are shut down, and plants already in the pipeline are placed in operation, that nuclear would be about 5% to the world total generation in 2050
Nuclear was 9.2% of 2022 generation.
Total nuclear would be about 16%, and would have minimal impact on CO2 emissions and ppm in 2050.
Infrastructures and Manpower: The building of the new nuclear plants would require a major increase in infrastructures and educating and training of personnel, in addition to the cost of the power plants.
https://www.visualcapitalist.com/electricity-sources-by-fuel-in-202....
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Existing Nuclear, MW, 2022 |
370200 |
|
Proposed tripling |
3 |
|
Tripled Nuxlear, MW, 2050 |
1110600 |
|
New Nuclear, MW |
740400 |
|
MW/reactor |
1200 |
|
Reactors |
617 |
|
New Reactors, rounded |
620 |
|
Reactors/site |
2 |
|
Sites |
310 |
|
New nuclear production, MWh, 2050 |
5841311760 |
|
Conversion factor |
1000000 |
% |
New nuclear production, TWh, 2050 |
5841 |
11 |
World total production, TWh, 2050 |
53000 |
APPENDIX 9
Electricity prices vary by type of customer
Retail electricity prices are usually highest for residential and commercial consumers because it costs more to distribute electricity to them. Industrial consumers use more electricity and can receive it at higher voltages, so supplying electricity to these customers is more efficient and less expensive. The retail price of electricity to industrial customers is generally close to the wholesale price of electricity.
In 2022, the U.S. annual average retail price of electricity was about 12.49¢ per kilowatthour (kWh).1
The annual average retail electricity prices by major types of utility customers in 2022 were:
Residential, 15.12 ¢/kWh
Commercial, 12.55 ¢/kWh
Industrial, 8.45 ¢/kWh
Transportation, 11.66 ¢/kWh
Electricity prices vary by locality
Electricity prices vary by locality based on the availability of power plants and fuels, local fuel costs, and pricing regulations. In 2022, the annual average retail electricity price for all types of electric utility customers ranged from 39.85¢ per kWh in Hawaii to 8.24¢ per kWh in Wyoming.2.
Prices in Hawaii are high relative to other states mainly because most of its electricity is generated with petroleum fuels that must be imported into the state.
1 U.S. Energy Information Administration, Electric Power Monthly, Table 5.3, February 2023, preliminary data.
2 U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.B, February 2023, preliminary data.
Last updated: June 29, 2023, with data from the Electric Power Monthly, February 2023; data for 2022 are preliminary.
See URL
https://www.eia.gov/energyexplained/electricity/prices-and-factors-...
In the US, the cost of electricity to ratepayers ranges from about 8 c/kWh (Wyoming) to 40 c/kWh (Hawaii), for an average of about 12.5 c/kWh.
US ratepayers buy about 4000 billion kWh/y from utilities, costing about $500 BILLION/Y
With a lot of wind/solar/batteries/EVs by 2050, and ratepayers buying 8000 billion kWh/y, because of electrification, the average rate to ratepayers would be about 25 c/kWh,
US ratepayers would pay: two times the kWh x two times the price/kWh = $2,000 BILLION/Y
Electric bills would increase by a factor of 4, if all that scare-mongering renewable nonsense were implemented
NOTE: All numbers are without inflation, i.e., constant 2023 dollars
APPENDIX 10
LIFE WITHOUT OIL?
Life without oil means many products that are made with oil, such as the hundreds listed below, would need to be provided by wind and solar and hydro, which can be done theoretically, but only at enormous cost.
Folks, including Biden's handlers, wanting to get rid of fossil fuels, such as crude oil, better start doing some rethinking.
The above also applies to natural gas, which is much preferred by many industries, such as glass making, and the chemical and drug industries.
If you do not have abundant, low-cost energy, you cannot have modern industrial economies.
Without Crude Oil, there can be no Electricity.
Every experienced engineer knows, almost all the parts of wind, solar and battery systems, for electricity generation and storage, from mining materials to manufacturing parts, to installation and commissioning, in addition to the infrastructures that produce materials, parts, specialized ships, etc., are made from the oil derivatives manufactured from raw crude oil.
There is no escaping of this reality, except in green la-la-land.
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