Posted on 12/05/2023 11:32:38 AM PST by ProtectOurFreedom
Investments in renewable energy resources across the U.S. continue to grow, supported by increased federal funding, legislation that improves project economics, and growing demand for cleaner energy.
Deloitte, which provides insights and solutions for several industries including the energy sector, on Dec. 5 released its industry outlook for 2024 for renewable energy in the U.S., highlighting opportunities for growth in the clean energy sector while also noting continued challenges for renewable deployment. The group said measures such as the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA) have supported renewable energy while also bringing new issues.
The report said renewables are “in variable-speed takeoff as historic investment, competitiveness and demand propel their development but also exacerbate grid, supply chain, and workforce challenges.”
“With the IRA and IIJA acting as catalysts, the infusion of investments into renewable energy generation and clean energy manufacturing are poised to revolutionize the power generation sector, paving the way for decarbonization. The impact of this historic investment will come into fuller view in 2024,” said Marlene Motyka, Deloitte U.S. Renewable Energy Leader and co-author of the report.
Tuesday’s report said that, “In a bifurcated renewable landscape, the solar market brightened in 2023 as wind faced sweeping challenges. The latter bore the brunt of project input, labor and capital cost pressures, interconnection and permitting delays, and transmission limitations. Meanwhile, supply chain constraints started easing as historic clean energy and climate laws took effect.”
Deloitte said renewable energy’s share of U.S. electricity generation remained level this year, at 22%. The report said that by the 2023, “the U.S. Energy Information Administration (EIA) expects utility-scale solar installations to more than double compared to 2022, to a record-breaking 24 GW, and wind capacity to rise by 8 GW.”
There are always lots of companies looking to Hoover up free money by doing what their government masters demand of them.
This is the biggest scam and hoax in the history of mankind. We are committing national suicide.
NOWHERE does the summary of the Deloitte report give any indication that they understand the difference between NAMEPLATE CAPACITY and energy generation. They are crowing about them big increases in installed CAPACITY but totally ignore the problem that the energy is not available when you need it and there are NO STORAGE solutions.
Coal plants solve the energy storage problem by laying down 90 days of raw coal storage at the plant to ride through labor stoppages, bad weather freezing the coal pile and transportation problems.
You cannot lay down 90 days of stored electrons on the ground.
Solar only generates from 10AM to 4PM at rate. Wind tends to run two cycles a day with two dead spaces in between. So, neither can be base load sources. This means for every KW of solar or wind you must have full fossil fuel source backup. One to One.
Or, you can just have a blackout (load shedding event) every time it gets cloudy or the wind goes calm.
Even with government $$$ it is not feasible. Recently a European wind company declined a billion US dollars to build off shore on the East coast. A German auto manufacturer ceased production of two EV models. If you read down into the details, you find that the government subsidies ended. There is no ‘market’ for this crap.
Instead of ‘if you build it, they will come’ it is “we will only build it if you pay us beforehand.”
Reminds me of the old Soviet Union. In this city everybody ‘had a job’ at the tractor factory. Outside the tractor factory were many brand new tractors, rusting and rotting away. Inside they just kept manufacturing more tractors. Imagine walking past all those tractors every day as you go to work. Instead of the Invisible Hand, there is the heavy hand of the State.
“This means for every KW of solar or wind you must have full fossil fuel source backup. One to One.”
Yes. That backup can either be 1) batteries, 2) pumped hydro, or 3) combustion turbines (inefficient simple-cycle that can be ramped up and down quickly to meet collapsing wind energy (sudden stoppage of wind) or solar energy (clouds, nighttime). Utility-scale batteries do not exist. Most pumped hydro sites are already utilized and the greenies fight that expansion tooth and nail. That leaves natural-gas fired combustion turbines.
Either way, you need to build TWO power plants where only ONE sufficed before (Plant 1 is renewables. Plant 2 is combustion turbines).
What a colossal waste of money.
“government subsidies ended. There is no ‘market’ for this crap.”
Bingo. There’s a “market” as long as the “free” money keeps flowing. No free money, no renewables. Pure and simple.
Deloitte is too cowardly to point that out in their report because they want to keep their “renewables gravy train” running. But, the author let a tiny bit of honesty and reality seep into her report by making the points that the renewables market is booming because of free money and laws requiring companies to use renewables.
It’s driven by weak and easily duped legislators following the faddish trends and running up a $34 trillion national debt. They are NOT leaders.
Greatest hoax in the history of mankind.
They had to change their name because people kept calling them Toilet and Douche.
LOL. Had not heard that.
It is formally “Deloitte Touche Tohmatsu Limited”
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