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2024-07-09

But chaos is OK, since volatility can be turned into profits! (And losses of course, but maybe those are just for losers).

This article does however underscore the notion that intermittent renewables also mean intermittent chaos over a continent-wide grid that must somehow deliver power from wherever it originates to wherever it is required at the synchronised (or not) flip of many switches over a vast area.

Add in the need to actually snatch profit from wherever it may be (fleetingly) available in the process, and one begins to understand the hellish nature of today's European energy supply grid. Is the grid being run to produce profits, or power?

But its OK, because it's "saving the planet", and never mind the kids in the Congo and no doubt elsewhere who still mine in dreadful conditions the cobalt needed for the battery storage that is now so important.

Fortune and Freedom reports.