Episode notes
SHOW NOTES:
https://www.whatbitcoindid.com/podcast/bitcoin-the-energy-transition
Nima Tabatabai is co-founder of Optimize Infrastructure. In this interview, we discuss how battery technology for energy grids, solar’s overwhelming economic case, energy sovereignty, and how combining batteries, Bitcoin and solar results in the most flexible energy assets possible.
TIMESTAMPS:
00:00:00 Introduction
00:02:17 Background and intro to Bitcoin
00:10:52 The future of batteries in energy grids
00:23:24 Unlocking solar energy’s cost advantage
00:35:51 The energy transition
00:43:26 Nuclear plants' role in the energy mix
00:53:59 Challenges in getting a higher mix of renewables
01:01:07 Batteries, Bitcoin & solar; Optimize Infrastructure
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
SUPPORT THE SHOW:
→ https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
#Bitcoin #Finance #Economics
****
“The fact that you had the opportunity to even consider becoming an energy generator, that’s purely because solar panels as a technology became so cheap and so accessible…in the hands of every person soon is going to be the ability to participate in the energy system and to be self-sovereign.”
— Nima Tabatabai
Nima Tabatabai is co-founder of Optimize Infrastructure. In this interview, we discuss how battery technology for energy grids, solar’s overwhelming economic case, energy sovereignty, and how combining batteries, Bitcoin and solar results in the most flexible energy assets possible.
- - - -
In 2010 solar power generated 34 terawatt hours (TWh) per year across the globe. By the end of 2021, this has increased to 1,033 TWh per year. There are a number of reasons for this dramatic increase, but a prime driver is a reduction in costs. Between 2009 and 2019 the price of electricity from solar declined by 89%. The International Energy Agency in 2020 declared solar power offered the “cheapest…electricity in history”.
As Nima Tabatabai states in this podcast, this drop in price is perhaps the greatest example of Jeff Booth’s assertion that technology is deflationary. Research and development of solar technologies have been affected positively and negatively by crises and political dogmas. Nevertheless, since the 1970s there has been a strong ‘learning effect’ across the whole production process resulting in an exponential reduction in costs.
Nevertheless, the discussion of solar energy as a reliable part of the energy mix still stirs strong negative responses. Intermittency is a major concern: solar can’t work at night, and it’s deemed to be materially ineffective in cloudy weather and at high latitudes. Essentially, detractors state solar power supply can’t efficiently fit demand. There are also issues around land requirements, input materials and waste.
But, are these concerns valid? Can solar be a reliable and sizeable source of energy? If so, what are the constraints and limitations? Could battery technology resolve concerns over intermittency? What would be needed to complement solar energy? Are our energy grids ready to assimilate decentralized power sources? And, what needs to be done to maximise the potential of Bitcoin in subsidising solar?
https://www.whatbitcoindid.com/podcast/bitcoin-the-energy-transition
Nima Tabatabai is co-founder of Optimize Infrastructure. In this interview, we discuss how battery technology for energy grids, solar’s overwhelming economic case, energy sovereignty, and how combining batteries, Bitcoin and solar results in the most flexible energy assets possible.
TIMESTAMPS:
00:00:00 Introduction
00:02:17 Background and intro to Bitcoin
00:10:52 The future of batteries in energy grids
00:23:24 Unlocking solar energy’s cost advantage
00:35:51 The energy transition
00:43:26 Nuclear plants' role in the energy mix
00:53:59 Challenges in getting a higher mix of renewables
01:01:07 Batteries, Bitcoin & solar; Optimize Infrastructure
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
SUPPORT THE SHOW:
→ https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
#Bitcoin #Finance #Economics
****
“The fact that you had the opportunity to even consider becoming an energy generator, that’s purely because solar panels as a technology became so cheap and so accessible…in the hands of every person soon is going to be the ability to participate in the energy system and to be self-sovereign.”
— Nima Tabatabai
Nima Tabatabai is co-founder of Optimize Infrastructure. In this interview, we discuss how battery technology for energy grids, solar’s overwhelming economic case, energy sovereignty, and how combining batteries, Bitcoin and solar results in the most flexible energy assets possible.
- - - -
In 2010 solar power generated 34 terawatt hours (TWh) per year across the globe. By the end of 2021, this has increased to 1,033 TWh per year. There are a number of reasons for this dramatic increase, but a prime driver is a reduction in costs. Between 2009 and 2019 the price of electricity from solar declined by 89%. The International Energy Agency in 2020 declared solar power offered the “cheapest…electricity in history”.
As Nima Tabatabai states in this podcast, this drop in price is perhaps the greatest example of Jeff Booth’s assertion that technology is deflationary. Research and development of solar technologies have been affected positively and negatively by crises and political dogmas. Nevertheless, since the 1970s there has been a strong ‘learning effect’ across the whole production process resulting in an exponential reduction in costs.
Nevertheless, the discussion of solar energy as a reliable part of the energy mix still stirs strong negative responses. Intermittency is a major concern: solar can’t work at night, and it’s deemed to be materially ineffective in cloudy weather and at high latitudes. Essentially, detractors state solar power supply can’t efficiently fit demand. There are also issues around land requirements, input materials and waste.
But, are these concerns valid? Can solar be a reliable and sizeable source of energy? If so, what are the constraints and limitations? Could battery technology resolve concerns over intermittency? What would be needed to complement solar energy? Are our energy grids ready to assimilate decentralized power sources? And, what needs to be done to maximise the potential of Bitcoin in subsidising solar?
