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Greg Jackson

👤 Person
379 total appearances

Appearances Over Time

Podcast Appearances

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

I was going to say, I didn't really answer your question about the engineering.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

I'm sorry, yes.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

I was going to say, you've got to remember, all these things are run by markets.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And so, for example, one key feature of the Spanish market was that with batteries, you couldn't stack different revenue sources for a battery.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

So you only had one revenue source.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

Whereas in the UK, you stack different revenue sources.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

You get paid.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

You make money by arbitrage in the grid.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

You make money by balance in the grid, by reacting to frequency issues.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And because you can stack the revenue in all these different ways, batteries are much more financially attractive here, which means the engineers have got more tools in their box.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

Whereas in Spain, the engineers don't have access to that tool because the market hasn't provided the incentive.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And so very often, this critical moment of transition, which you're kind of referring to, we have a world where markets have got to move at the same speed as technology and engineering innovation, and it's not happening.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And then you get consequences like this.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

Yeah, and essentially, by the way, that is what some grids have.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

You get paid for helping, for example, sort out frequency issues.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And, you know, there was an interesting thing we had in the UK where we've got this technology platform, Kraken, that drives Octopus, but manages... I mean, by the way, to give an idea about the amount of data in the modern grid, today, in the UK alone...

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

Kraken processes 300,000 rows of data per second.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

That is 30 times more than Visa, the payment network, globally.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And so energy is very rapidly moving from a world where you have very little of this kind of real-time data to a world that is astonishingly data-centric.

Azeem Azhar's Exponential View
What does Spain’s blackout mean for the future of clean energy?

And that's the way in which you can sort of manage a lot of problems we're talking about.