Monday, June 17, 2024

JPMorgan: "Electravision—The complicated journey to an electrified future"

Vaclav Smil used to contribute a chapter to the annual JPM Energy Paper but this year he just gave the bank the okey-dokey to use a pre-print version of the monograph linked in this weekend's "Net zero arbitrage is large, but no one-way bet" (with a drive-by from Vaclav Smil). The chapter headings below all link to the 57 page PDF, downloadable in its entirety at the report's home page.

From JPM, March 2024:

Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management 

Electravision. The predominant vision for the future involves the electrification of everything, powered by solar, wind, transmission and distributed energy storage. This vision primarily relies upon the greater efficiency of electric motors and heat pumps vs their fossil fuel counterparts. While the grid is getting greener, electrification is advancing at a much slower pace for reasons related to chemistry, physics, cost, politics and human behavior. Our 14th annual energy paper takes a closer look, and also includes sections on nuclear power, China, hydrogen, “net zero oil” and Gaza’s energy future.

We have linked to a few of the previous JPM papers. One that seemed particularly interesting was 2021's:

J.P. Morgan's 2021 Annual Energy Paper (technical advisor Vaclav Smil)