Tech Tuesday: Thought Provoking Energy Stories

I have currently been reading Meredith Angwin's Shorting the Grid: The Hidden Fragility of Our Electric Grid. The book challenges us to think about matters we have probably given very little thought to. Specifically, how do our power systems work? Why do the lights go on when I flip a switch? What would our lives be like if we shut down all the power plants? That is, what would happen if the power went out forever?

Here are some article to chew on for today's energy lesson. (I'm not an expert. Just relaying ideas that strike me as significant from this week's readings.)

Our electricity demand is shifting into high gear. That's why we need diverse energy sources. | Opinion

The question isn't whether our country will need more power, but what energy mix is needed to meet our economic and environmental goals.

READ MORE

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In another article I had a new insight about solar energy that I'd not considered. 
KEY NEW THOUGHT: The more Sun we get to produce energy, the higher the demand to run air conditioners and cooling systems. 

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Regarding the best way to achieve carbon neutrality by 2050 in Europe, it's apparent that the EU nations are hardly in unison. Here are two excerpts from a thought-provoking article at FairPlanet.com.

France, an ardent supporter of nuclear power, drew 70 percent of its energy from nuclear sources last year, while the Czech Republic relied on its six nuclear reactors for 37 percent of its energy. 

President Emmanuel Macron doubled down on France’s nuclear strategy, announcing a new €1 billion investment in new-generation nuclear reactors. On the other hand, 2022 will witness the shutdown of the last of Germany’s nuclear reactors, completing Chancellor Angela Merkel’s 2011 plan to phase out the country’s 17 nuclear power plants in the wake of the Fukushima disaster.

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THIS SKYNEWS STORY proposes that  Climate Change "could be solved overnight" with nuclear. It seems an ambitious claim. Tomorrow evening more details will be spelled out regarding the role nuclear will play in the global effort to achieve netzero carbon.

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In Europe Germany is on the way to phasing out nuclear completely. France leads the EU with 70% of it power generated by nuclear. Which country produces more carbon? Germany by more than 6-fold. Which country best exemplifies the future of energy reliability? France. 

Details HERE.  

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Who among you (older readers) ever imagined that people would one day be "mining" bitcoins using powerful computers? The concept is still elusive for many, if not most, laypeople. 

Well there have been remarkable new developments in the field of nuclear power. Are you familiar with Thorium? Read this introduction to Thorium from the World Nuclear Association. 

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For the record, small scale nuclear power has been around for decades. Nuclear-powered submarines are submarines powered by nuclear power. When Australia recently cut a deal to build a fleet of nuclear powered subs, it did not mean submarines loaded with nukes. 

According to this article in Business Insider, the advantage of nuclear-powered subs is that they can operate at sea for longer, spend more time submerged, and sail at higher speeds than conventionally powered subs.

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There are now Portable Nuclear Reactors That Can Power Over 1,000 Homes. 

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According to Meredith Angwin, author of Shorting the Grid, a world without coal, oil or nuclear power is wishful thinking. It's a notion suggested by people who do not understand how power generation works. 

To learn more, read my interview with Ms. Angwin. It is amazing what science is achieving in the realm of clean energy today. 

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May all your skies be blue. (Except when we need a little rain.)

The Big Short and Shorting the Grid

Photo: Hansueli Krapf. Creative Commons

This week I updated my list of favorite movies. One that I added to the list is The Big Short, based on the book by Michael Lewis. The story offers an insider view of the financial meltdown of 2008, and the people who saw it coming. Lewis, as in his many other books, strives to transform nebulous concepts and esoteric information into stories that laypeople can understand. Since so much of what happens on Wall Street or Big Business or Inside the Beltway is also shrouded from view by fog and noise, we really do need journalists like Lewis to shine a light into those caverns to show us what's going on that we fail to notice because it's too complicated for front page news. 

This week I also started reading Meredith Angwin's Shorting The Grid, a book about the hidden fragility of our electric grid. Like Lewis, she's clearly done her homework. As I go along on this journey into nuclear power and the energy grid I will share some of what I learn.

And guess what? The first chapter of Angwin's book is titled The Big Short. 

At the center of The Big Short we see how the banks and Wall Street played games with complex credit instruments. Most people played along with these games taking place in the overheated housing market. 

It's understandable how overconfidence created this unrealistic disparity between perceived and real valuations. People with lots of money want to invest in things that offer the most potential gain with the least potential risk. Because real estate values always seemed to go up, everyone assumed this would always be the case. 

For decades housing prices were perpetually going up. For example, the house my parents bought for $24K in 1964 was sold for over $100K fifteen years later. Not many years after that the Browne's house next door, which was also purchased for $24K, went for $200K. 

Somewhere around 2006 or so I looked on Zillow and saw that our four-bedroom split-level house with partial basement was now valued at $450K. To me, it was just another "used house" but there seemed to be nothing stopping prices from climbing. That is, until all the easy credit started to dry up and people began defaulting on those overblown mortgages.

Because the housing market propped up the wider economy, everything took a hit when the bubble burst. The credit system crashed, and everything else went with it down the toilet. 

This story lays the foundation for Ms. Angwin's book because, as she sees it, there are many parallels between 2007 and our current situation with regards to energy. 

Most Americans, having grown up enjoying the benefits of electricity, probably take it for granted. We turn on the light with the flick of a switch. We recharge our devices by plugging them into an outlet. But few of us have really bothered to understand how it works or how the utility companies keep our lights on 24/7.

(For what it's worth, I lived in Puerto Rico for a year and experienced what it is like to have weekly brownouts and occasional blackouts. That was long before the more recent hurricane that so devastated our island neighbor.)

In this first chapter Ms. Angwin gives readers a brief overview of how things have been changing with regards to power. We don't notice because for 80 years or more it has almost always been fine. The exception being Texas this past winter.) Nevertheless, things have changed, even if we haven't noticed anything different at the user end. She writes:

In the old days regulatory bodies wanted to see a grid with reliable power plants and, hopefully, plants that use different types of fuels. A varied grid meant that, if one fuel had shortages or rose in price, the grid would still be stable, and costs would remain relatively stable.

In current grid governance, none of these things matter. In many areas power plants that make steady reliable power can’t make a profit. Several large utilities are trying to sell or shut down their nuclear, gas, and coal plants in these areas. These utilities plan to operate plants only in other parts of the country.

She then discusses the Regional Transmission Organization (RTO) which is a thread that will run through the length of this book.

In many areas of the country, especially in RTO areas, power installations that can operate only intermittently, such as solar and wind installations, are the sure bet for becoming wealthy. In the mortgage situation the intrinsic value in the mortgage didn’t matter. In the RTO area, the value of the power produced doesn’t matter. As a matter of fact, less-valuable power is more profitable. 

Trouble is sure to come and it’s on its way. In these areas we are on our way to an expensive and fragile grid.

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Unlike Christian Bale or Steve Carrell in the movie version of The Big Short, Meredith Angwin is not a lone voice in the wilderness. In the very short time I've been learning about nuclear power, I encountered quite a tribe of people who "get it." These are people fully committed to clean air, clean water and a safe future for our grandchildren. 

The interview I posted yesterday, provides a number of useful insights worth taking into consideration as we discuss the benefits of nuclear energy.  Check it out here: Putting Nuclear Power In Perspective: An Interview with David Watson.

Photo at top of page: Leibstadt Nuclear Power Plant, Switzerland