Michael Barnard, co-host of RE TECH and referee for predictions made a year ago, joins Gerard and Laurent to discuss their predictions for 2024 in the energy transition. They cover topics such as the record installation of energy transition technologies, consolidation in the EV sector, volatility in the energy market, new alternatives to Li-Ion in stationary storage, the lack of plans in the energy transition, the future of nuclear energy, Stellantis outsourcing its EV production in China, the impact of politics on the energy transition, oversupply of energy-related products, stronger top-down governance, the return of clean energy shares, and China's domination in the wind and EV markets.
Stellantis will outsource its EV production in China and focus on branding rather than manufacturing.
The creation of an EU grid interconnect planning and funding agency will prioritize continent-scale grid interconnection and resemble Geico's operations.
Deep dives
Prediction 1: Stellantis becomes a brand aggregator for Chinese cars
Stellantis, the merger and acquisitions aggregator of dying brands, mostly European, will stop pretending to be an automotive manufacturer and solely become a firm that slaps stable of brands on Chinese cars and distributes somewhat in the West.
Prediction 2: EU creates an HVDC grid interconnect planning and funding agency
The EU will formally create an EU, HVDC, and HTA grid interconnect planning and funding agency with a mandate for continent-scale grid interconnection, similar to how Geico operates.
Prediction 3: Return of clean energy shares
Clean energy shares will rebound in 2024 after a negative year in 2023. The stabilization of interest rates and improving market conditions will contribute to this rebound, making clean energy assets more attractive and causing prices to increase.
It has become a tradition for the first episode of the year: Gerard and Laurent present their 2024 Predictions in the Energy Transition. And we brought in our friend (and co-host of our sister show RE TECH) to spice up the conversation: Michael Barnard. Michael also acts as referee to score the predictions that were made a year ago.
Record installation of everything Energy Transition: Solar, Batteries, Heat Pumps, EV (Gerard)
Massive consolidation in the EV sector – Toyota will buy Panasonic (Laurent)
Volatility in the Energy market is here to stay (Gerard)
New alternatives to Li-Ion in Stationary Storage (Laurent)
The Energy Transition has no plan, it just goes (Gerard)
Nuclear: Westinghouse takes over Europe (Laurent)
Well, the result was that Gerard won (but Laurent is considering filing a reclamation)
Now, to 2024. Our 6 predictions are:
Stellantis will outsource its EV production in China
Politics: Elections in 2024 could derail the Energy Transition
Oversupply of everything energy related – Prices are going down
Stronger top-down governance of Transmission and Interconnection
The return of Clean Energy shares
China will gain massive international market in Wind and EVs
We thank our partner AXPO for supporting the show.
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