Mark Twidell, Director of Energy at Tesla, was recently in Adelaide, Australia, where he spoke at a Southstart entrepreneur’s conference, reported Financial Review. Originally, Tesla’s chairwoman, Robyn Denholm, was scheduled to speak at this event, but she was ill, so Twidell stepped in. Here’s to wishing Tesla’s chair a speedy recovery.
Twidell spoke about the electric vehicle industry’s demand for lithium as well as the demand from the energy industry. He noted that the use of large storage batteries was sharply increasing.
“Australia has the raw materials in abundance like no other nation on Earth,” said Twidell. He also said around 40 large storage batteries on an industrial scale were in the planning stage around Australia, which had a big opportunity in front of it exporting “climate solutions.”
“Let’s actually increase the benefits to Australia,” he said, adding that the lithium-ion battery value chain is forecast to be $400 billion by 2030. He also pointed out that the economics of renewable energy is currently driving its take-up on top of the environmental benefits. “It’s the economics at the end of the day which transitions us to where we are going,” he said.“The environmental benefits make sense, but economics will see us through.”
The article gives a short background on Twidell. He headed the team that set up Tesla’s big battery at Hornsdale near Jamestown. This battery in mid-north South Australia was built in fewer than 100 days back in 2017, and at the time, it was the world’s largest battery storage project. It was constructed in a partnership between Tesla and the French group Neoen.
Twidell also emphasized just how fast the renewables transition is happening. He noted that the transition to renewables is speeding up and that it’s pointless to try to argue otherwise. “It’s a huge economic opportunity. It’s silly to fight to say the transition isn’t happening. It’s happening quickly,” he said.
How Quickly Is This Transition Happening?
I’m going to dive into a couple of examples that reflect on this last point.
Coal is being replaced with renewables in the U.S.
Energy News Network reported just a few hours ago that solar and wind’s competitiveness over coal is accelerating. Around four-fifths of U.S. coal plants are either scheduled to close by 2025 or cost more to operate than solar and wind power would. This is backed up by a new research analysis from Energy Innovation: Policy & Technology.
One of the key trends mentioned is that out of the 235 plants in the U.S. coal fleet, 183 are “uneconomic or already retiring.” That is 80% of the plants in service in 2018. To paraphrase, the total share of all the U.S. coal plant capacity from 2018 will no longer be competitive beyond the next few years. Coal is dying and being replaced by renewables.
The reason coal plants are becoming noncompetitive is due to the levelized cost for new solar or wind falling…
Go to the news source: Tesla Director Of Energy On Transition To Renewables: “It’s Happening Quickly”