Electricity Prices Fall into Negatives as Germany’s Renewable Energy Boom Occurs

A renewable energy boom in Germany has triggered a fall in price to negative figures. Coal and nuclear now accounts for only 15% of Germany's energy demands.

Electricity Prices Fall into Negatives as Germany Renewable Energy Boom OccursSince 2015, Germany has produced too much energy from renewable sources, selling the excesses to its neighboring countries at a much cheaper price.

Taking a cue from the 2011 Fukushima nuclear disaster in Japan, Germany shut down nine of its nuclear reactors.

Combined, these nuclear reactors had the capacity of generating enough power for at least 20 million homes in Europe.

But due to the extreme dangers associated with nuclear power, Germany doesn’t want to gamble with the nation’s health. It is better to invest in ventures that are sustainable. The country has an ambitious target in renewable energy.

Sweden hopes to run entirely on renewable energy by 2040. Germany has set this target by 2050, 10 years behind Sweden. Since the target was set, the German government has invested heavily in renewables. The government has also set up what is known as Energiewende, an initiative to transition away from fossil fuels and nuclear power to a low carbon, environmentally sound, reliable and affordable energy supply by 2050.

Electricity Prices Fall into Negatives as Germany Renewable Energy Boom Occurs sAlthough Germany has over 30 years to the deadline it is set to fully transition to renewables; current development appears to suggest the country might reach an earlier target by decades than the original set 2050.

On Sunday, April 30, renewable energy from wind, solar, biomass and hydro power provided a record 85 per cent of Germany’s total energy. According to the country’s energy officials, this was a new record set by the country in its energy sector.

Germany’s public broadcaster, Deutsche Welle reports that energy from coal has fallen to a record all-time low in the nation.

The outlet added that coal-fired power stations were only operational between three and four on the afternoon of April 30. The plants generated only eight gigawatts of energy, well below their maximum output of around 50 gigawatts.

Patrick Graichen of Agora Energiewende confirmed the good news to the Australian news outlet RenewEconomy. He said:

“Most of Germany’s coal-fired power stations were not even operating on Sunday [April 30]. Nuclear power sources, which are planned to be completely phased out by 2022, were also severely reduced.”

Mr Graichen further added that due to the massive investment in renewables by the German government, he is sure that the country will shut down all of its coal and nuclear plants by 2030.

What happened on April 30 made electricity prices in Germany fall into negative figures. The renewable sources fed so much power into the national grid that supply far exceeded demand. The surplus was then sent to neighboring countries.

This isn’t the first time energy supply has exceeded demand in Germany. In 2015, similar things happened. According to energy experts, Germany needs to start investing in a technology that can store energy for future use, due to how the country is over producing the commodity.

Electricity Prices Fall into Negatives as Germany Renewable Energy Boom Occurs ssThe current overproduction in Germany is being spilled into its neighboring countries such as Poland, Austria and the Czech Republic.

Experts have warned these countries that depend on surplus energy from Germany need to speed up the process of generating their own energy as a disruption in power supply in Germany would badly affect them.

Already, grid companies in Germany have started to invest in energy storage infrastructure; they have planned to invest some $24 billion to upgrade networks and modify existing high voltage power lines.

The German auto giant company, Audi — which became the first to use power to gas technology, converting excess electricity into gaseous energy, producing a zero carbon hydrogen gas and converting it into renewable methane, which can be used as an energy source in the future — is said to be making a concerted effort to help store energy in the country. Audi has already built a 6 MW power-to-gas facility in its home, Ingolstadt.

Apart from these ongoing developments in Germany, the country is also planning to do away with fossils in its transportation sector. Last year, the country announced that it will soon start operating hydrogen-powered trains in an effort to affirm its noble objective of boosting clean and renewable energy.

The train, known as Coradia iLint, will be the first train in the world to be powered with hydrogen.

Currently, Germany runs around 4,000 trains. All are powered with diesel, polluting the atmosphere as they move along. Coradia iLint is developed by the French rail transport company, Alstom.

According to Alstom engineers, the hydrogen that fuels the train is held in huge battery cells on top of the train.

As the hydrogen is mixed and burned with oxygen, it produces remarkable amounts of heat, which in turn, cranks the turbines of the engine of the train for extreme amounts of electricity.

The only byproduct from this reaction is water vapor or steam, meaning the train doesn’t pollute the environment.

Sourceanonhq

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

The 10 Biggest Dangers Posed By Future Technology

It’s not easy predicting the future of technology. In the fifties it seemed a pretty much foregone conclusion that by 2015 we would all...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Biodiversity Scientist Warns: “We’re Sleepwalking into a Mass Extinction”

Most scientists acknowledge that we are smack in the middle of the planet’s sixth great mass extinction. What they’re trying to do now is...

Tesla Goes Big as Battery Production Begins at Massive Nevada GigaFactory

Mass production of lithium-ion batteries just kicked off at Tesla’s massive Gigafactory in Sparks, Nevada. The batteries are meant to be used in Tesla’s electric...

Russian Scientists Produce A Technology That Can Transmute Any Element Into Another!

Even though it sounds like science fiction IT’S NOT! Russian scientists successfully created a technology that can alter the protons of an atom and...

Churches Get Creepy Facial Recognition Software to Track Members

If selling afterlife perks is your business, then getting people to believe, attend and give “voluntarily” is the whole game. Churches just got a new...

Eight New Planets Found in “Goldilocks” Zone

Aliens Might Call These Eight Earth-Like Planets Home Not just one, but eight new planets have been discovered by scientists that may host alien life....

“The 21st Century Cures Act” Is On Its Way – Here’s Why You Haven’t Heard About It

The 21st Century Cures Act is going through the U.S. Congress right now, and it will likely pass into law unless some opposition materializes...

Obama Lawyer Urges Supreme Court To Shield High-Ranking Officials From Lawsuits

Two days before President-elect Donald Trump takes office, the Obama administration did him a big favor by telling the Supreme Court it would be...