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Electricity is to modern civilization what blood is to the human body. Understanding how electricity works is more critical than ever as its importance grows with the increasing electrification of transport, industry, and heating.

Dr. Lars Schernikau and Prof. William H. Smith have created a comprehensive overview of how the global energy economy works with a focus on electricity.

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Book Content

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Electricity and investments– the current situation

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Variable “renewable” energy and storage
  • Wind and solar
  • Natural capacity factors
  • Transmission, distribution, conditioning and black start
  • Energy storage
  • Hydrogen and how it compares to hydrocarbons
  • Material input and embodied energy
  • Primary energy and heat pumps

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COST OF ELECTRICITY AND ENERGY RETURNS (EROI)
  • Full cost of electricity FCEO
  • Energy return on energy invested eROI
  • The 2nd Law of Thermodynamics impact on energy systems

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THE PROJECTED FUTURE OF ENERGY AND “DECARBONIZATION” 
  • Primary energy growth until 2050
  • Energy storages and their impact on price and economic activity
  • Decarbonization and “Net-Zero”

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THE REALISTIC FUTURE OF ENERGY AND SUSTAINABILITY

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Executive Summary