Some napkin math: this year's additions of solar (413GW per @BloombergNEF ) and wind (124GW on+offshore per @IEA) should generate 750-800TWh in their first full year of operations. More than Brazil consumed in 2022 (703TWh). Less than Japan consumed (1,034TWh).
@NatBullard @BloombergNEF @IEA Can this really be correct? Total nuclear output in the world is like 2500 TWh!
@NatBullard @_HannahRitchie @BloombergNEF @IEA Do you mean the additions added to the current capacity?
@NatBullard @BloombergNEF @IEA Amazing. Are there any estimates of new transmission capacity to connect all this?
@NatBullard @BloombergNEF @IEA Bitcoin used all of it
@NatBullard @BloombergNEF @IEA This depends greatly on the actual utilization of the massive Chinese capacity build out, which historically has been a large gap.
@NatBullard @BloombergNEF @IEA Some reality from an engineer: unlike iron ore, grain, or oil, electricity is not a commodity. Why? Because electricity is both a utility and *very* expensive to store. Your analysis should include only renewable power generation backed by storage; i.e. dispatchable.