Redefining Energy 164. 2024 Wrap up: Successes, Surprises and Shocks
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Dec 23, 2024 The hosts reflect on the pivotal year of 2024, highlighting surprises in AI, hydrogen, and renewables. They discuss the clash of energy dynamics among the USA, Europe, and China, emphasizing economic factors over climate challenges. Key innovations and influential figures are acknowledged as they celebrate impressive clean technology advancements. The discussion also covers the contradictions in environmentalism and the need for a balanced approach. Finally, they unveil a must-read book and encourage listeners to prepare for an exciting 2025.
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Shifting Focus of Energy Transition
- The energy transition's focus has shifted from climate change to economics and geopolitics.
- Security remains a priority, but growth has taken center stage.
US Energy Sector Growth
- The US is experiencing growth in the energy sector, unlike Europe.
- A 70-year trend of declining electricity share of GDP has reversed, according to Chris Seipel.
Data Center Disparity
- The US has around 5,000 data centers, while Europe (Germany, UK, France, Netherlands combined) has fewer than 2,000.
- This illustrates the difference in growth between the two regions.
