Paris Agreement

Electricity grids and markets: current status, problems, and opportunities for the Faraday Grid

Electricity grids and markets: current status, problems, and opportunities for the Faraday Grid

White Paper by University of Edinburgh Chancellor’s Fellow Dr Harry van der Weijde analysing the current status of electricity grids and markets considering clean energy goals. The paper finds that the current electricity system is fast approaching a breaking point and will not be able to handle higher levels of renewable energy without substantial new costs that would hit consumers.  Dr van der Weijde concludes that the Faraday Grid can resolve the challenge of increasing renewable energy penetration and preventing the looming threat of doubling or tripling of longer term electricity prices.