- Joined
- Jan 25, 2012
- Messages
- 44,396
- Reaction score
- 14,430
- Location
- Texas
- Gender
- Male
- Political Leaning
- Conservative
Inside BP's plan to reset renewables as oil and gas boom
As the subsidies for solar and wind production run out, the value of peak production time electricity will drop.
At some point, I would expect the oil and gas companies to be the ones buying up the cheap surplus electricity.
This actually brings up some interesting ideas, like is the regulation of nuclear power mostly originated from the idea that the power plant
will be providing electricity to the grid? Could the permitting process be easier if no grid electricity were involved.
The alternate energy is worth more to them as a means of fuel production than as something to sell directly.Dotzenrath told Reuters BP was reviewing its solar and onshore wind businesses as part of a revamp that will see it move away from selling the clean electricity it produces, and instead keep hold of most of it to supply its growing electric vehicle charging network and production of low-carbon fuels.
As the subsidies for solar and wind production run out, the value of peak production time electricity will drop.
At some point, I would expect the oil and gas companies to be the ones buying up the cheap surplus electricity.
This actually brings up some interesting ideas, like is the regulation of nuclear power mostly originated from the idea that the power plant
will be providing electricity to the grid? Could the permitting process be easier if no grid electricity were involved.