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Cleaning Up Podcast
United Kingdom
เข้าร่วมเมื่อ 25 มิ.ย. 2020
Once a week, Michael Liebreich and Bryony Worthington have a conversation with a leader in clean energy, mobility, climate finance or sustainable development. Each episode covers the technical ground on some aspect of the low-carbon transition - but it also delves into the nature of leadership in the climate transition: whether to be optimistic or pessimistic; how to communicate in order to inspire change; personal credos; and so on. And it should be fun - most of the guests are Michael’s and Bryony's friends.
The Great Hydrogen Reset — Is It Germany's Turn? ep176: Eva Schmid
Germany is one of the most bullish countries in the world on clean/green hydrogen. The home of the Energiewende is not just one of the most committed countries in the world to reaching net zero, it is of course a highly industrialised nation with a very energy-intensive economy. As if that were not enough, it had one third of its energy supply yanked out from under it as a result of Russia’s illegal invasion of Ukraine.
Green hydrogen has become one of the mainstays of efforts to keep the lights on as the country replaces nuclear and coal power with wind and solar, and also of efforts to replace cheap Russian gas in power generation and industry. But can green hydrogen possibly live up to expectations?
This week on Cleaning Up, Michael Liebreich is joined by someone who works at the heart of Germany’s hydrogen policy-making machine: Eva Schmid is Director of Hydrogen and Synthetic Energy Carriers at DENA, the German Energy Agency, a think tank that works with the German government to deliver its energy strategy. As you’ll see she has a clear-eyed sense of what hydrogen can and can’t be expected to do, and a focus on using it to protect the resilience of the German economy.
Links & more:
• DENA, The German Energy Agency: www.dena.de/en/home/
• Germany's National Hydrogen Strategy, 2023: www.bmwk.de/Redaktion/EN/Publikationen/Energie/national-hydrogen-strategy-update.pdf?__blob=publicationFile&v=2
• Hydrogen Import Strategy: www.bmwk.de/Redaktion/EN/Hydrogen/Downloads/importstrategy-hydrogen.pdf?__blob=publicationFile&v=1
• The EU Hydrogen Strategy: energy.ec.europa.eu/topics/energy-systems-integration/hydrogen/key-actions-eu-hydrogen-strategy_en
• European Court of Auditors hydrogen report: www.eca.europa.eu/ECAPublications/SR-2024-11/SR-2024-11_EN.pdf
• EU Commissions response to Auditors report: www.eca.europa.eu/Lists/ECAReplies/COM-Replies-SR-2024-11/COM-Replies-SR-2024-11_EN.pdf
Green hydrogen has become one of the mainstays of efforts to keep the lights on as the country replaces nuclear and coal power with wind and solar, and also of efforts to replace cheap Russian gas in power generation and industry. But can green hydrogen possibly live up to expectations?
This week on Cleaning Up, Michael Liebreich is joined by someone who works at the heart of Germany’s hydrogen policy-making machine: Eva Schmid is Director of Hydrogen and Synthetic Energy Carriers at DENA, the German Energy Agency, a think tank that works with the German government to deliver its energy strategy. As you’ll see she has a clear-eyed sense of what hydrogen can and can’t be expected to do, and a focus on using it to protect the resilience of the German economy.
Links & more:
• DENA, The German Energy Agency: www.dena.de/en/home/
• Germany's National Hydrogen Strategy, 2023: www.bmwk.de/Redaktion/EN/Publikationen/Energie/national-hydrogen-strategy-update.pdf?__blob=publicationFile&v=2
• Hydrogen Import Strategy: www.bmwk.de/Redaktion/EN/Hydrogen/Downloads/importstrategy-hydrogen.pdf?__blob=publicationFile&v=1
• The EU Hydrogen Strategy: energy.ec.europa.eu/topics/energy-systems-integration/hydrogen/key-actions-eu-hydrogen-strategy_en
• European Court of Auditors hydrogen report: www.eca.europa.eu/ECAPublications/SR-2024-11/SR-2024-11_EN.pdf
• EU Commissions response to Auditors report: www.eca.europa.eu/Lists/ECAReplies/COM-Replies-SR-2024-11/COM-Replies-SR-2024-11_EN.pdf
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The UK Energy Company Creating the Utility of the Future | Ep175: Greg Jackson
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How does a startup become the largest provider of electricity in the UK in less than a decade? What is locational pricing and how could it encourage more renewables? And is it possible to achieve a zero-carbon electricity system by 2030? Welcome to the first episode of Season 13 of Cleaning Up, in which Michael Liebreich sits down with Greg Jackson, the founder and CEO of Octopus Energy, to unc...
The Future of Chinese Solar, Battery Myths & Climate Politics | Rounding Up Season 12 - Ep174
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In the final episode of Season 12, hosts Michael Liebreich and Bryony Worthington reflect on the key conversations and developments in the net-zero transition over the past three months, including: • China's leadership in green finance and the role of air quality issues in driving climate action • The rapid growth of the solar industry and its potential to meet global electricity demand • The p...
The Solar Revolution - Past, Present and Future | Ep173: Jenny Chase
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The solar industry has experienced a meteoric rise over the past two decades, growing from a small cottage industry to one of the leading technologies in the energy transition. It’s not been a smooth ride, and there’ve been plenty of bankruptcies on the way, from Solyndra to Suntech, but more than half a terawatt of new solar is now being built each year and the industry is still growing rapidl...
How To Win The Climate Argument | Ep172: John Marshall
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Who are the merchants of doubt and how can their narrative be countered? How much money does it cost to get someone to take action on climate change? This week on Cleaning Up, Bryony Worthington is joined by John Marshall, the founder of the Potential Energy Coalition, a marketing firm that uses data-driven marketing techniques to accelerate the energy transition and climate action. They discus...
The Climate Challenge is an Engineering Challenge - Ep171: Dr Rosemary Barnes
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This week on Cleaning Up, Michael Liebreich sits down with mechanical engineer and TH-cam creator Dr Rosemary "Rosie" Barnes to discuss the critical role of engineering in addressing climate change. Rosie shares insights from her work developing clean energy technologies and her popular channel "Engineering with Rosie," where she tackles topics like wind turbine design, the hydrogen debate, and...
Is the Electric Vehicle Revolution Unstoppable? ep170: Ben Nelmes
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Electric vehicles are finally becoming mainstream, but this hasn’t stopped a flood of negative stories and political attempts to scare people away from making the switch to better, more cost efficient vehicles. So is the EV revolution now inevitable? Bryony Worthington sits down with Ben Nelmes, the Chief Executive of New Automotive, a UK-based not for profit focused on the clean energy transit...
What a New UK Government Means for Climate and Energy - Ep169: Dr Simon Evans
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With the UK general election tomorrow, the Cleaning Up team sits down with Dr Simon Evans of Carbon Brief to run through each party's manifesto, and what they say about UK climate and energy policy. With Labour widely predicted to win, will the UK's become an international leader on climate once more? How will GB Energy work? And where will all the money come from to fund the investments needed...
Hot Rocks in a Box: The Rise of Thermal Batteries - Ep168: Anand Gopal
มุมมอง 1.3K2 หลายเดือนก่อน
As the world transitions away from fossil fuels, one of the biggest challenges is decarbonizing industrial processes that require consistent, reliable sources of energy to produce high-temperatures. Typically these processes run on fossil gas, but now thermal batteries offer a solution by using electricity to store renewable energy in the form of heat. Anand Gopal, Executive Director of Policy ...
Is Methane Really Better For The Climate Than Coal? - Ep167: Grant Swartzwelder
มุมมอง 1.7K2 หลายเดือนก่อน
Depending on who you ask, methane is either a useful transition fuel to a low-carbon future, or a super polluter. The science of methane says that for natural gas to have a lower climate footprint than other fossil fuels, particularly coal, there can be leakage of no more than 3.2% from end to end. Yet studies across the US show wildly different leakage rates. One of the most influential, by Ro...
Is There a Future for Lab-Grown Meat? - Ep166: Bruce Friedrich
มุมมอง 5232 หลายเดือนก่อน
Has science cracked the code on mass producing realistic meat substitutes? Or are lab-gown alternative proteins an impossible dream? In this week's episode of Cleaning Up, Baroness Bryony Worthington sits down with president of the Good Food Institute@thegoodfoodinstitute3482) Bruce Friedrich, to explore the future of food. Friedrich details his vision for a more sustainable food system through...
Battery Recycling Is Here - But Where Are The Batteries? - Ep165: Hans Eric Melin
มุมมอง 1.7K3 หลายเดือนก่อน
As everyone knows, battery prices are plummeting and manufacturing volumes are soaring, whether for EVs or for grid-connected storage. And everyone knows there's a problem: only 5% of lithium-ion batteries are recycled. The rest go to landfill, right? Wrong. This week's guest on Cleaning Up is the world's preeminent expert on battery recycling. Hans Eric Melin is the Founder and Managing Direct...
#LightsOn - Live from the Eurelectric Power Summit 2024 in Athens - Ep164: Leonhard Birnbaum
มุมมอง 6163 หลายเดือนก่อน
Last week the leading lights of Europe's electricity industry gathered for the annual Eurelectric Power Summit at the Lagonissi Beach Resort just outside Athens. The conference - under hashtag this year of #lights on - lasted two days and covered the key issues facing Europe's and the world's power sectors. Two topics in particular stood out: the need to accelerate the build out of transmission...
Can Nuclear Repower China's Coal Fleet? - Ep163: Staffan Qvist & Dr. Yaoli Zhang
มุมมอง 7173 หลายเดือนก่อน
China's policies that direct capital towards cleaner industries have been game changing, and this week we're continuing the China theme, sharing two conversations Bryony had earlier this month at a conference at Xiamen University in Fujian Province. China's role in the clean energy transition could not be more important. The think tank Ember's latest report on the state of the global electricit...
Clean Hydrogen's Missing Trillions - Audioblog 13
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Clean Hydrogen's Missing Trillions - Audioblog 13
How to Win a Climate Election - Ep162: Simon Holmes à Court
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How to Win a Climate Election - Ep162: Simon Holmes à Court
How Lily Cole Models Climate Solutions - Ep161
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How Lily Cole Models Climate Solutions - Ep161
How China Became a Green Finance Superpower - Ep160: Dr. Ma Jun
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How China Became a Green Finance Superpower - Ep160: Dr. Ma Jun
Rounding Up Season 11 - Ep159: Bryony and Michael
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Rounding Up Season 11 - Ep159: Bryony and Michael
Absolutely Electrifying - Ep158: Saul Griffith
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Absolutely Electrifying - Ep158: Saul Griffith
Leaking Methane Needs an Urgent Fix - Ep157: Dr. Sebastien Biraud & Sharon Wilson
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Leaking Methane Needs an Urgent Fix - Ep157: Dr. Sebastien Biraud & Sharon Wilson
Why Net Zero Will be Easier Than You Think - The Five Superheroes of the Transition
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Why Net Zero Will be Easier Than You Think - The Five Superheroes of the Transition
Why Net Zero Will be Harder Than You Think - The Five Horsemen of the Transition
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Why Net Zero Will be Harder Than You Think - The Five Horsemen of the Transition
A Magnificent Woman And Her Flying Machines - Ep156: Bonny Simi
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A Magnificent Woman And Her Flying Machines - Ep156: Bonny Simi
Extreme Electrochemistry for a Sustainable Future - Ep155: Prof Donald Sadoway
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Extreme Electrochemistry for a Sustainable Future - Ep155: Prof Donald Sadoway
Green Heat (And Cooling) Under Our Feet - Ep154: Tamsin Lishman
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Green Heat (And Cooling) Under Our Feet - Ep154: Tamsin Lishman
Shedding Light on Energy's Dirty Secrets - Ep153: Lauri Myllyvirta
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Shedding Light on Energy's Dirty Secrets - Ep153: Lauri Myllyvirta
Can We Have a Habitable Planet? - Ep152: David Wallace-Wells
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Can We Have a Habitable Planet? - Ep152: David Wallace-Wells
Redesigning Mining - Ep151: Mark Cutifani
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Redesigning Mining - Ep151: Mark Cutifani
Selling Sustainability - Ep150: Solitaire Townsend
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Selling Sustainability - Ep150: Solitaire Townsend
There is no economic or practical logic to pursuing hydrogen except this - you subsidise and build out infrastructure and establish a hydrogen dependency and then admit that yes green hydrogen is far too expensive and impractical but now we've spent all this money and all these companies are going to go bankrupt and people will lose their jobs but wait, we can steam reform methane to produce hydrogen for a third of the price and I'm sure we'll get carbon capture to work eventually. It's the drug dealer business model. Either that or the whole thing is just a scam and those behind it know it's never going to be viable but can make plenty of money whilst everyone else works that out.
Great stuff. you'll need to revisit in a year or so to see if your points had an effect
heavy industry will leave Germany no matter what, which from a climate perspective is a good thing - shipping iron ore and hydrogen around the world only to produce steel is nonsense and all these inefficiencies are only holding back the cleaning up
This was a great debate on hydrogen and goes a long way to put in perspective what role it plays in energy transition.
Here in Ireland, the plan is for hydrogen to be used as the long term storage backup. This will probably not work. So what can Ireland do for baseload or long term backup? We have no mountains so pumped storage isnt an option. I cannot see how Ireland can achieve a green transition...
It won't be little scraps of wind energy leftover. Statkraft and UK national plans are for exporting huge surpluses from offshore North Sea (especially here in Shetland) in a hydrogen backbone pipeline. Constrained generation exists in the market. it's a huge issue here
The most important podcasts in a long time, thanks for the deep dive and having Eva Schmid explain in detail why Hydrogen seem to be a serious detour letting Europe fall behind the rest of the world in the green transition. This podcast and Liebreichs “Annual lecture 2024 - Global Energy Transition Trends and Hydrogen” on the same topic, should be mandatory for all politicians in EU and national states.
She's where I was last year, before you woke me up. I'm sure she'll think hard about all this before she falls asleep. I do wonder why you talked about using blue hydrogen instead of plasma electrolysis. With the utilization of HiiROC's technology, the emission of carbon is no longer necessary for hydrogen production.
This interview highlights the problem of having a state employee tasked with implementing a state industrial policy with public money 💰 The only interest any of the players is their continued virtue signalling while sucking off other peoples wages with zero risk to their own well being. This whole project is going to end badly
Misattribution is/are the default problems for Engineering, because it's basically the reiterative Disproof Methodology made manifest in re-evolution circularity of metastability, ..with safety factors to cover probabilistic variables. Engineers have no escape if they fool themselves with the old banking/insurance blame/excuse shifting of, "god did/said it" and/or "the devil made me do it". Unity-connection duality in /of the flash-fractal Multiverse is self-defining Actuality of log-antilog Condensates.
Eva did a respectable job of trying to make the whole German hydrogen #hopium epidemic sound like it has some basis in reason. But of course as expected, Michael showed that there is very little basis in reason there- it's mostly hot gas and wishes. The "resilience" argument (i.e. H2 for long term energy storage) is but one of MANY options to decarbonize the last perhaps 5% of electricity use, and for certain it isn't the only one nor is it the one that makes the most economic sense. Any seasonal use of hydrogen makes electrolyzer utilization even poorer and makes the hydrogen that much more expensive. Furthermore, Germany is still talking seriously about hydrogen being used to make so-called e-fuels, which fundamentally are going to be much more expensive than fuels made from biomass which at least has SOME chemical potential energy in it, versus CO2 or nitrogen which have NONE. And as a Canadian who is also very experienced making and using hydrogen and syngas, just don't get me started about the INSANE notion of making ammonia from onshore wind in eastern Canada to burn in power plants in Germany- that is nothing other than a predatory delay strategy. And "repurposing" LNG terminals for hydrogen? Give me a f*cking break- that is just a total engineering non-starter.
"decarbonise the last 5% of electricity"? The buffer for wind and solar is much more than that. Say its 4 weeks, what are the options for long term backup? I dont see any. Especially where i am Ireland where pumped hydro is not an option (no mountains)
Octopus can’t even get a bill right in 6 month’s
Nicely paid job while she has it and if you ignore the economics developing the hydrogen supply industry is a problem which can be solved. Relying on imported hydrogen isn't a ny more reliable than relying on imported 'natural' gas. p.s. hasn't Germany got a lot of pumped storage hydro whivh could do the same job?
How stupid has humanity become? As a significant store of energy, any type of Hydrogen is nonsense.
At about 3:30 you state that if Germany met their target they would be "adding about 20% to the country's generation output". Is that correct? The goal of using hydrogen is to replace current forms of generation, isn't it? The only caveat to that is the extra electricity needed for EVs. Is that your understanding? But that doesn't do much to get to net zero, does it?
The majority of the hydrogen targets in the German hydrogen straty are for chemical feedstocks, industrial heat and transport - none of which are currently electrical. Only a small part is for power generation - and even there for every kWh you supply, you would need to generate 3x as much electricity to make green hydrogen. So you are right, there is an adjustment to make, but it's 1/3 of <20% of my figure, i.e. in the noise.
Hydrogen is an energy storage, not energy source. It's essentially a battery, but with around 30-40% efficiency, compared to 90% of batteries. It's role is long term storage of energy, mostly from summer for winter, but it shouldn't be relied on as a major part of the energy mix, because it's expensive.
Visiting my home town Konstanz on the Swiss border I learned that the municipal utility, along with regional power distribution, plans to implement adding H2 to the natural gas flow and revamp this entire delivery system for H2 - and mainly for heating and cooking! So much for the hydrogen ladder... Also, on a hydrogen panel at a 2022 conference NREL's David Ginley had a long list of hard to solve tech issues for electrolyzers and fuel cells, most importantly degradation and poor life time (10k hours where +100k hs would be needed.)
I call blending hydrogen the Supidest Idea from Stupidville.
snakegas - comes with snakeoil
Eva IS pragmatic, but not pragmatic enough. Her substantial intellect should not be wasted on the hydrogen dead-end. Feels like a huge sunk-cost fallacy going on.
Hydrogen for resilience only makes sense when you have no mountains. Pumped storage is already cheaper and scaleable in Scotland, Norway, France and Germany. Therefore we don't need hydrogen and surrounding countries could cover the Dutch. So this is attempting to solve a solved problem for many times the price. D'oh!
Sorry, Incorrect. You're not comparing apples with apples. Hydrogen storage would be primarily for large scale (TWh+) seasonal Plus duration, which, with extremely few exceptions, would not be economic with pumped Hydro. Example: The new Coire Glas pump hydro scheme in Scotland will have a capacity of 30GWh and is costing £1.5Bn. The Royal Society has estimated that the UK will need about 100TWh of seasonal plus hydrogen storage by 2050 for renewable electricity generation support. That would require 3,333 Coire Glas pump hydro Systems costing roughly £5 Trillion! That would add several £1,000 a year to every UK customers electricity bill for many decades. Hydrogen storage in Salt Caverns at 200 bar with an electricity generation efficiency of 50% can store about 150 x more energy per cubic metre than either the Coire Glas or Dinorwig pump hydro schemes. Furthermore, there are much better options than hydrogen for this
A key reason is that H2 projects would be performed by the fossil fuel industry which 'coincidentally' (haha) lobbied hard for them.
I'm sorry, but not knowing your yield of hydrogen from an electrolyser is naive and demonstrates a disconnect between regulatory innocence and industrial practicality. So, if you know 10GW of power in, you know the cost, but if you don't know the yield, you don't know the cost per ton - which is the price. Therefore, you cannot know the NPV and IRR of a project if you cannot estimate the revenue. Absolutely woolly thinking. No wonder its not happening!
Just for ref, 5GW 24/7 approx 800,000 tonnes H2 per year @ about 70% efficiency.
@@nickcook2714 ...and how many wind turbines and electrolysers would it take to make 800.000 tonnes of green H2 per year when a large 3MW wind turbine connected to a large 1MW electrolyser makes on average 25 kg of hydrogen per hour!!!
@@dipladonic3,652 But that assumes 24/7 operation. So we'll say just under 50% operation, which is generous. So thats about 8,000 required. Each one is about 4 million dollars installed. So that's a cost of 32 billion dollars.
I think Germany/EU left behind US/CHINA pretty much everything because of wasting energy which they dont have on something basically dont make sense. Most H2 hypeees basically bases their strategy on a hope that someone will find a breakthrough soon enough before everything collapse.
A headline from RenewEconomy just today: "Australian green hydrogen project scrapped due to transport costs, pumped hydro on hold" The H2 plant would've gone next to a wind farm for renewable power, but Atco, the company responsible, decided that trucking the H2 to where it could be introduced to the gas network would be too expensive to make it a viable project, even with a 28.3 million govt grant.
Oh what a suprise.
I'm an Octopus customer and like their business model. Greg should be advising Milliband. The future looks bright with guys like Greg in charge of energy companies!
Thank you to Eva Schmid from DENA for joining us on Cleaning Up. Find out more about DENA's work on all aspects of the German energy transition at www.dena.de/en
The core point of this whole talk… right here🎉
WHERE IS THE LINK TO THE VIDEO DEBUNKING HYROGEN??
Here's the main one mentioned in the video: th-cam.com/video/w0Q9cuF8zKg/w-d-xo.html. And we have a hydrogen specific playlist on our channel if you'd like to see more.
Big fan of Rosie
He killed a million people
Fantastic interview… I do hope he’s on Ed Milliband’s speed dial.
Octopus have managed to gameify energy with Octopoints and are a genuine market mover in energy, having positive impacts on grid balancing by offering consumers very little incentive. The market as a whole is hungry for change and a positive feedback loop of lower prices leading to load shifting leading to a smoother demand curve and less expensive peaker energy will benefit both the wind champions in the North and the nimbys in the South, despite their pylon denial 😉 TBH, if they don't want pylons in the South, Scotland will happily suck all that excess cheap electricity into heat pumps, EVs and batteries whilst the South can pay a premium for gas turbine electricity.
Too bad Baroness Worthington misses the real point Bruce is making, as she keeps suggesting that eating less meat is an alternative to cultivated meat. She keeps returning to that idea. Thinking people will stop eating meat is a fundamental misunderstanding of human biology. Equally, believing that we need animals to produce that meat underestimates the advancements in technology.
Regrettably the UK isn't receptive to new ideas. I suggest he talks to the Japanese or Norwegian government. Octopus should relocate to Ireland. The UK doesn't have any interest in this guy. He isn't a member of the Royal Family! Mind you if he could persuade some wise guy in the City they could make a quick buck, he could buy the National Grid. And Ed Milliband isn't interested in going green by 2030 as he won't be the Minister in a couple of years.
Subsidised company saying that their product is cheaper is the funniest / stoopidest thing i'v ever heard...
Will the new proposed GB energy go the same way as Bulb in the future? Not heard Ed enthuse about hedging….
The price of electricity will only go down when the gas company is forced out of business by being unable to sell there gas due to no demand from customers who have gone green. A company Coe of gas was asked, if sunlight and wind is free energy, why do you keep rising prices every year. His answer was as follows. Well, the less gas we sell to you, our investors won’t get there bonuses, and I won’t get my nice fat pay check of thousands a month. Enough said. By the way Gas is set to rise in Autumn and then again this winter. Go Figure.
Nice to see Greg on the podcast again. Octopus is a great company, but cracks are showing given the huge uptick in customers. Their legendary customer services team seem to be more based in India, answering emails at 3am and just giving scripted replies. If you've got a difficult issue, they can't help you. Hopefully they can get this under control because nothing wrecks a business like poor CS. Love Octopus - Greg, please don't do an Elon and go bonkers. We need you to push the transition to renewable energy until it is a reality.
How can Octopus supply clean each? Are their customers happy with super expensive intermittent power? I don't think so.
The point is they are doing it. Get yourself a free smart meter and prove it to yourself.
My Octopus net electricity bill was £2 last month. That includes standing charge, all heating, all cooking, 2 EV's. So yeah I'm delighted with their 'super expensive intermittent power'. What was your combined gas, electric, and petrol bill for last month chris johnstone lots of numbers?
excellent as always and good to see that the number of views (and comments, albeit some really terrible takes) are increasing. This is the number one podcast to listen to if you want to really understand future energy systems and everything associated with it. Loved Greg's story about the electric blankets and I was also thinking the same as Michael when Greg mentioned the 150m that management decided to give to customers without real prior consent of the Board, though I do assume they were kept abreast of things, at least the big shareholders that have veto rights on budget / business plan kind of decisions.
I'd love an electric blanket but even though I'm a disabled pensioners with severe lung problems and have been with Octopus 🐙 for quite some time, sadly despite qualifying for a free electric blanket I still have to huddle under blankets at temperature of less than 9 degrees as my circumstances don't fit inside their answer boxes. I've privately bought half a dozen electric blanket s which never last before breaking down. Great idea Greg but the system is not working for me.
I'm not sure what's happening with regard to the longevity of your electric blankets ... mine seem to have lasted forever!
Now if you weren’t so stupid you would have kept all your existing power generation capacity and added in the renewables…the cost of electricity would have been kept low. 🙄 too late. But you are doubling down into economic decline 🤦♂️ now your electricity pricing has a sky high to pay all the new monopolies
It's not so much that regional pricing saves money, it's HOW locational pricing is implemented. Fracturing the market through regional pricing destroys the price signal to address the key issues. I know that's something Greg doesn't want from his episode 32 interview. Reform of TNUOS/DUOS is required to charge both generation and demand the cost of the system they use. Of course, that's not feasible so you need to simplify and use correlations. Simply put the cost of the system is correlated to the distance between the generation and load. That changes depending on dynamic factors like demand response, embedded generation, and storage. As such it's preferable that TNUOS/DUOS have a "fractal" policy structure so that domestic users who have battery storage, vehicle to grid, solar/wind, etc. get to partake in the system. Regional pricing won't deliver that, it will only fracture the market and weaken price signals for the key issues that need to be targeted with technical solutions - transmission/distribution capacity, storage, reactive power, etc.
Brilliant Best bit Haha you said if we could ripple out the business... Yep Ripple another great clean energy business model dev company
You spotted that!
@@MLiebreich Greg handled it brilliantly
Yes ... being a Ripple customer my ears pricked up!
The issues raised are super poignant here on Shetland. The giant Viking wind farm was just commissioned and is massively constrained. Yet we have the highest rates of fuel poverty and extreme fuel poverty in the UK. And to top it all Greg, we can't even buy a Gregg's sausage roll for energy here
Blimey, all those extra customers! That’s a lot of Greggs Coffee given away!
What is most curious to me is the quantity of comments from anti-renewables trolls on this episode. I guess this must be YT’s algorthym recommending Octopus to people who like to be really annoyed about energy. Great episode BTW. I hadn’t heard about the free electric blankets. Cynicism is easy, but I believe his actions are genuine. Michael - I wonder, was the 96% hypothetical of a decarbonised grid based on a particular possible pathway we’re on, or just a discussion number? I agree, that achieving anything like that would be amazing, and by the time we get there, other possibilities will likely present themselves for the last few %. Would love to see Drax disappear aswell though which is included in the low carbon generation as far as I understand it.
Drax is not included in any zero carbon calculations (and neither should it be of course).
Enjoyed the interview - where did that 3.5 years go since I listened to GJ’s last interview! Not sure how OE is “fully hedged” though, when at the same time it also takes ~“lots of risk”? Perhaps more accurately it fully understands its risks so eg when it offers an unhedged price cap it can quantify worst case losses and size them to minimise bankruptcy risk. The former derivatives trader in me bristles at the inaccurate use of “hedged”, a word seen regularly at the scene of financial irregularities and worse!
We are on the intelligent octopus Go Tariff and I use it to charge my 27 kwh battery as well as my Kia E Niro. We also have a 3.6 kwh solar array and just recently Octopus installed our heatpump which is brilliant. We almost never buy energy at the higher rate as what we charge our batteries at night on cheap rate is sufficient for all our needs. We’re lucky enough to be able to afford this technology but I really believe it’s time the government legislated that all new build have both solar and a minimum of a 10kwh battery. I think that octopus just like Tesla has really shaken up the lethargic energy market and I wouldn’t go to any other energy company enemies if it saved me a few pounds as they are so customer oriented.
I hope Octopus will bury the frauds that are SSE, EoN, Engie
FYI autocues are not particularly expensive, and might make your life somewhat easier if you're regularly reading off sheets of paper.
Thanks, were researching autocues right now! We didn't use to do intro texts, but now we do, I clearly need one!
I think Octopus Energy have open the door to a new way to treat customers and embrace the benefits of technology, the three magic buttons, use technology to improve efficiency, strive for the best customer service., and make a sustainable profit for the company. However the elephant in the room is standing charge at above 60 pence per day, on electricity which has nothing to do with global energy prices but only uk’s internal inflation rates.
What an incredible CEO Greg Jackson is.❤ Octopus are looking after its customers incredibly well and the listen too. Please o Please listen to this - Just wish Octopus would approve the GivEnergy EV charger, the techie’s have been sitting on their hands for over twelve months! Come on Greg give am a boot up the Ar⭐️⭐️
Literally taking 50 years for the world to finally catch up to his important ideas!