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The SuperSmart Grid What Matters? One Question and Five Answers

The SuperSmart Grid What Matters? One Question and Five Answers. 1. Climate Matters. Europe wants to reduce CO 2 emissions by 80% by 2050 Power system: Reductions of this magnitude hardly possible with conventional technologies, nor with CCS. 2. Renewable Potentials Matter. TWh/a.

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The SuperSmart Grid What Matters? One Question and Five Answers

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  1. The SuperSmart Grid What Matters?One Question and Five Answers Armin Haas

  2. 1. Climate Matters • Europe wants to reduce CO2 emissions by 80% by 2050 • Power system: Reductions of this magnitude hardly possible with conventional technologies, nor with CCS

  3. 2. Renewable Potentials Matter TWh/a

  4. 2. Renewable Potentials Matter TWh/a

  5. 2. Renewable Potentials Matter TWh/a

  6. 3. Costs Matter • Cost estimates for REN from North Africa to Europe range from 4 to 15 €c/kWh • From a cost perspective, the SuperSmart Grid is a realistic option

  7. 4. Investments Matter • With costs in the range of 4 to 15 €c/kWh, financial markets signal that they will be willing to raise the capital needed • They are willing to do so provided they can expect investment security

  8. 5. Policy Matters • For investment security, a reasonable political framework will be needed • With a reasonable political framework, the SuperSmart Grid will grow organically

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