logo
episode-header-image
Feb 2021
15m 57s

Covid Gave Us a Glimpse of the Future [S...

Wood Mackenzie
About this episode

What if we could see into the future? In 2020, we got our clearest view yet.

Last March, lockdowns swept across Europe, forcing an eerie silence on some of the world’s most iconic and bustling cities. It caused a steep drop in electricity consumption -- putting pressure on thermal generators and giving renewables a greater share of the generation mix.

“And all of that has really provided us a bit of a glimpse of the future to a time where we will have much more flexible supply on the system and renewables will be consistently taking a much greater share of the market,” says Tom Heggarty, a principal analyst at Wood Mackenzie.

The covid crisis proved that the European grid can handle large amounts of renewable energy -- at levels we didn’t expect to see for another five to ten years. 

So how do we take this knowledge and game out the future? 

For more answers, we turn to Jyrki Leino, a senior manager for business development at Wärtsilä. “We kind of stepped to the future right away. We saw the systems in a situation where in normal conditions would be in five or 10 years time,” he says.

Jyrki and his team at Wärtsilä wanted to help answer some simple questions: what happens to European power markets if the trends we saw during covid persist? And what happens if renewables are meeting nearly all load? 

So they built an open-data test environment, called the Wärtsilä Energy Transition Lab or WET Lab. It’s like a fact-based choose-your-own-adventure for energy geeks. Or a crystal ball.

In this episode, brought to you by Wartsila, we look into that crystal ball. 

Check out Wärtsilä's Energy Transition Lab to see the impact of Covid-19 on energy markets, and for clues about Europe’s clean energy transition. It’s an open-source data set that anyone can use.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Up next
Jul 1
The oil and gas majors are phasing down their renewable strategies. What does it mean for climate goals?
In February this year BP announced it was cutting its investment in green energy ventures from $5B to $2B while reallocating $10B to fossil fuels, and abandoning its 2030 oil output reduction target. Shell has also scrapped its planned 20% carbon reduction cut for 2030. It’s not ... Show More
41m 32s
Jun 17
The world’s most-used carbon accounting rule is about to get a major overhaul. What does it mean for clean energy buyers?
The Greenhouse Gas Protocol – the global gold standard for measuring corporate emissions – is under review, and the proposed changes could dramatically reshape how clean energy is bought, sold, and reported. New draft rules are expected by the end of the year.What changes could w ... Show More
34m 36s
Jun 3
It’s turbulent times for the wind sector in the US, but the outlook is better across the pond. What can the US learn from Europe?
Nearly 150 days into President Trump’s second term, the outlook for wind energy in the United States - particularly offshore wind - is increasingly bleak. Trump had pledged to end offshore wind development, and now the House Ways and Means Committee is proposing a phase-out of ta ... Show More
41m 49s
Recommended Episodes
Apr 2023
The Energy Gang Live from NYU’s '2040 Now' Event
It’s a special edition of the Energy Gang this week. New York University’s 2040 Now event is an initiative focused on addressing the challenges posed by climate change, and this week the Energy Gang joined in. As part of the week of exercises, talks, exhibitions and discussions, ... Show More
56m 42s
Sep 2020
Renewables Beat Fossils on Europe's Grid
In the first half of 2020, renewables beat out fossil fuels on the grid in Europe for the first time. They didn’t only beat out coal -- they beat out all fossil fuels put together. We’ll look at what the milestone means.Then, 30 major companies have come together in a new joint l ... Show More
50m 11s
Aug 2021
Form Energy's Iron-Air Battery for Multi-Day Storage
This episode originally aired on The Interchange.Back in 2016, Mateo Jaramillo left Tesla, where he was leading the stationary energy storage business, and started looking for a new challenge to tackle. He took on long-duration energy storage -- not long duration like 8 hours or ... Show More
50m 58s
Sep 2021
Will Direct-Air Carbon Capture Be Viable?
Carbon capture has long been criticized as too nascent, too expensive, and too distracting. Is that changing?This month, the Swiss company Climeworks officially launched a direct-air capture plant in Iceland, called Orca. The company has already signed deals with SwissRe, Bill Ga ... Show More
54m 8s
Jul 2022
The European Energy Crisis: A Failure of Policy?
At a time when much of Europe has been sweltering in record temperatures, it feels like a stark contrast to be worrying about winter.These are very worrying times for Europeans, because of deep uncertainty over what will happen to the import of Russian gas, which is critical for ... Show More
1 h
Mar 2014
Anatomy of a Solar Power Boom: Can the Industry Keep it Going?
As expected, 2013 was yet another record year for solar in the U.S. With 5.1 gigawatts of PV and CSP coming online, the solar industry was the second largest provider of electricity capacity behind natural gas. But how long will it continue? With a tax credit expiration looming, ... Show More
43m 9s
Oct 2022
The Energy Gang looks ahead to COP27: are we still heading in the right direction?
On this episode of the Energy Gang, it’s a think-tank showdown. Host and referee for the day Ed Crooks is joined in the ring by Samantha Gross from the Brookings Institution, making her Energy Gang debut, and Joseph Majkut from the Center for Strategic and International Studies, ... Show More
54m 18s
Jan 2023
What Could 2023 Deliver For Energy?
The Energy Gang is back. We’re only a couple of weeks into the new year but already so much has happened. A mild winter so far in Europe has sent wholesale gas prices falling, but there’s still a long way to go. Natural gas is expected to trade at 77.11 Euros per MWh by the end o ... Show More
46m 53s
Dec 2022
2022 - The Year In Energy
2022 has been a very eventful year in the world of energy. From January to December there has been an ongoing war, a European energy crisis, billions of dollars in funding for clean energy in the US and a Twitter takeover. It’s the last episode of the year so we’re bringing you a ... Show More
1h 8m
Jun 2023
Big Green Is Under Attack - As Clean Energy Scales Up, Criticism Grows
More money will be invested this year in the solar industry than in oil production. So said Faith Birol, executive director of the International Energy Agency, last week. Amy Harder, executive editor of Cipher, attended the Cleanpower 2023 event in New Orleans and experienced at ... Show More
55m 29s