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Still, it's depressing and confusing that we know the stakes and are still putting money into the status quo (natural gas) instead of racing to solve these prob
by hackermatic 3y ago
Still, it's depressing and confusing that we know the stakes and are still putting money into the status quo (natural gas) instead of racing to solve these problems. I get that people need power now and not later, but power companies are also supposed to be thinking long-term, and their new natural gas plants may very well be stranded assets or simply banned in the next 10-20 years.
- kieranmaine 3y agoI'll repost this from another comment reply as it indicates that, in the US, money is not going to natural gas for electricity generation: The FERC "Energy Infrastructure Update for December 2022" [1] reports that between 2021 Jan - 2022 Dec Wind and Solar additions exceeded those of Natural gas. FERC also predicts that between Jan 2023 and Dec 2025 Natural Gas will add a net amount of 511MW of generating capacity. This compares with 18211 MW of Wind and 74642 MW of Solar. These are listed as "High Probability" additions, which I've been unable to find a description for. 1. https://cms.ferc.gov/media/energy-infrastructure-update-december-2022 https://cms.ferc.gov/media/energy-infrastructure-update-dece...