• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 53 mins Is Europe heading for winter of discontent with extensive gas shortages?
  • 3 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 5 days Wind droughts
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 8 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 8 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 22 hours Xi Is Set To Be Re-Elected As China’s Leader
  • 6 days Oil Prices Fall After Fed Raises Rates
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 14 days The Federal Reserve and Money...Aspects which are not widely known
Ag Metal Miner

Ag Metal Miner

MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,…

More Info

Premium Content

Renewables Are Losing Steam As Bottlenecks Emerge

  • The renewable energy boom has a growing problem.
  • US renewable energy sources like wind turbines and solar panels don’t have enough high-voltage lines to transfer power to their specific destination.
  • Green energy demand is on the rise, however, obstacles must be addressed and overcome before green becomes mainstream.

The September Renewables MMI (Monthly MetalMiner Index) dropped by 6.3%. Like previous months, energy limitations were the biggest factor in the drop as high temperatures and limited energy resources strain power generation systems around the globe.

Power Generation and the “Green Bottleneck”

At the end of August, President Biden officially signed the Inflation Reduction Act into law, which set forth $369 billion toward renewable energy efforts. The act strives to have over 900 million solar panels and over 100,000 wind turbines operating by 2030. However, the drive toward renewable energy in the US currently faces a big obstacle: energy not being transferred from its area of generation.

According to a recent Bloomberg article, US renewable energy sources like wind turbines and solar panels don’t have enough high-voltage lines to transfer power to their specific destination. That means more and more power lines need to be constructed to transfer that power from solar fields and wind farms to the general population.

In other areas of the world, like Europe, renewable energy may help balance out events like the ongoing energy crisis. However, Europe faces issues with green energy obstacles just like the US. Ireland, for instance, faces problems with off-shore wind power due to ocean waters being too deep. In Denmark, wind power construction hasn’t hit full force due to long approval procedures set forth by the EU.

It’s true that both green energy technology and our demand for it continues to grow and evolve. However, like any other major industry shift, obstacles must be addressed and overcome before green becomes mainstream.

GOES MMI – High Temperatures Plague Power Generation

The September GOES MMI (Monthly MetalMiner Index) dropped for the first time in months. Month to month, GOES prices declined by 4.4%.

Source: MetalMiner Insights

Transformer Trouble

The current transformer shortage presents yet another obstacle to US power generation. For instance, many transformer parts and components are unavailable due to ongoing supply chain shortages. This has already caused problems during 2022’s punishing heat waves. Without enough supply to meet growing power grid demand, blackouts become more and more likely.

In California, the third most expensive state to live in the US this hits especially hard due to the state’s high average temperatures and lack of water resources. For perspective, about 25% of the state of California consists of desert or desert-like conditions. Paired with the ongoing heat waves, California’s grids are under constant strain and with it, the population’s comfort level.

By AG Metal Miner 

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News