Jörn Richstein
@jrichstein.bsky.social
380 followers 420 following 66 posts
European power markets, EU ETS, Industrial decarbonisation (esp. CCfDs). Now at Aurora Energy Research, before @DIW.
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Reposted by Jörn Richstein
codendahl.bsky.social
"There's a paradoxical evolution in the European Commission's role. As it has taken on additional functions in areas like housing, defence and geopolitics, it has retreated from its core task of policing the single market." www.siliconcontinent.com/p/the-myth-o...
The myth of the single market
Why Europe’s internal barriers are higher than Trump's tariffs
www.siliconcontinent.com
jrichstein.bsky.social
For training the models yes, for inference (running the model to give answers) latency matters. This article discusses trade-offs for attractiveness of DC in remote locations, if operators want to keep some flexibility in the use case down the road: www.alvarezandmarsal.com/insights/ret...
www.alvarezandmarsal.com
Reposted by Jörn Richstein
nworbmot.bsky.social
Vorschlag: Anstatt die Übertragungsnetze dauerhaft zu subventionieren, lieber kosteneffizienter bauen und ein Teil der Kosten mit einem Amortisationskonto um ein paar Jahre verschieben

Nach unserer Berechnung kann man mit kluger Planung etwa 92 Mrd. EUR (einen ,,Wumms'') sparen
jrichstein.bsky.social
Herzlichen Glückwunsch, Paul!
Reposted by Jörn Richstein
onethuthree.bsky.social
As Germany is heading to the ballots, here is again what to watch out for today as Europeans.

Two things will be important: 1) Will a stable two-party coalition be possible? 2) Will a constitutional blocking minority emerge against a debt brake reform and/or another special fund for defence?
onethuthree.bsky.social
3 days until Germany votes.

While much attention has been on Friedrich Merz who is all but guaranteed to become the next chancellor, the fate of Germany’s incoming government hinges on three small parties fighting to enter parliament.

Here is what fellow Europeans should watch out for on Sunday:
Reposted by Jörn Richstein
ec.europa.eu
Plugged into Europe! 🔌

The Baltics 🇪🇪 🇱🇻 🇱🇹 have disconnected from the Russian power grid and fully synchronised with the 🇪🇺 continental one, marking their energy independence.

After two decades of preparation, it is now time to benefit from our common energy system.
The map displays the Baltic Sea region with a dark blue background representing the sea and lighter blue areas showing landmasses of Estonia, Latvia, and Lithuania. The title "PLUGGED INTO EUROPE" is prominently featured in white text at the centre with country flags above. Thin blue lines illustrate energy infrastructure, while icons in yellow and red denote specific locations. Administrative boundaries are outlined in subtle contrast, with a European Commission logo in the bottom right corner.
jrichstein.bsky.social
The part on pardons as showing a lack of trust in institutions I found convincing (no need for them with trust in institutions, checks & balances?). However, the bi-partisan blame seems a very conscious choice. Is it out of conviction, signalling historical distance or to achieve bi-partisan appeal?
Reposted by Jörn Richstein
sandertordoir.bsky.social
The Netherlands is no longer Germany's 17th federal state in economic terms.

New Commission research shows that once strong NL-DE correlations in macro variables (GDP, investment) have become insignificant.

A couple of observations on the stunning divergence between the frugal bulwarks.

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Reposted by Jörn Richstein
uedio.bsky.social
Meinem Gefühl nach sind Medien oft schlecht darin, sich entwickelnde Ereignisse angemessen zu greifen.
Wenn zahlreiche kleine Bausteine ein großes Bild ergeben, wird das unmittelbar oft verpasst.
Beispiel hybrider Krieg zB in der Ostsee. Viele kleine Einschläge, die man in Zusammenhang setzen muss
jrichstein.bsky.social
The EU CBAM methodology implicitly has the assumption that the world follows the EU's carbon pricing & CBAM approach.

A long list of EU ETS experts, incl. @karstenneuhoff.bsky.social, Misato Sato, @philippequirion.bsky.social, & many more argue for a complementary instrument if that's not the case.
jrichstein.bsky.social
Ich kann mir vorstellen, dass Supermärkte mit Schnellladesäulen in Städten da ne wichtige Rolle spielen werden. Häufigkeit (1-2x die Woche) plus Aufenthaltsdauer (30min+, aber nicht mehrstündig) passen ganz gut zum Ladebedarf, und guter Ladesäulenauslastung.
Reposted by Jörn Richstein
auonsson.bsky.social
Cook Island flag oil tanker Eagle S lost 25% of her speed minutes before she crossed the broken cable Estlink2. She crossed at 10:26Z, ie the time of cable fault.

She proceeded at affected speed til she reached shallow waters, where she lost all momentum. After some maneuvers she regained speed.
Reposted by Jörn Richstein
jrichstein.bsky.social
Since its one of my first activities on Bluesky in a long time, maybe of interest to @matthiasdeutsch.bsky.social , @energyhuber.bsky.social , @marcowuensch.bsky.social , @gnievchenko.bsky.social , @wpschill.bsky.social , @plehmann.bsky.social and hopefully others
jrichstein.bsky.social
Thank you especially to my co-authors (and my co-corresponding author Johannes Eckstein) and to Friedrich v.Schönfeld @bmwk.de (German Ministry) for the many productive discussions we had (during my time @diw.de), on the design of CCfDs over the course of their implementation – I learned a lot! 6/6
jrichstein.bsky.social
We also compare CCfDs to other policy instruments that (among other goals aim at) industrial decarbonisation, such as the EU innovation fund, the SDE++ or the IRA (so maybe even interesting for people across the pond @jessedjenkins.com) 5/6
jrichstein.bsky.social
3) A tender mechanism that is open & focused on all energy-intensive industries (instead of energy carriers). And which has the option to use bid levelling parameters to let sectors with different costs compete head-to-head, & thus achieve a more comprehensive coverage of sectors at lower costs. 4/6
Figure illustrating the production costs of conventional and clean processes (steel, ammonia, methanol, cement, and process heat), and the respective shares of energy costs, other opex and CAPEX. Overall increases between 50% to 390% increase in total production cost from conventional to clean process, mainly due to increased energy costs.
jrichstein.bsky.social
2) The use of planned energy intensities defined at bidding time - prevents unwanted operational distortions. 3/6
jrichstein.bsky.social
1) Two-sided contracts that cover both carbon price, and energy price movements address the currently existing investment risk barrier – these price risks matter as this is where most of the cost and risks of clean energy-intensive industrial processes lie. 2/6
Figure illustrating the functionality of CCfD and how the payments are linked to carbon and energy prices.
jrichstein.bsky.social
Our new commentary in Joule (authors.elsevier.com/a/1k9mf925JE...) describes the rationale behind the major design choices underlying Germany’s recently concluded 4-billion € tender of Carbon Contracts for Difference (CCfD) for emissions reductions in energy-intensive industry: 1/6 🔌💡 #climatesky
Screenshot of the title page of the commentary.

Title
Catalyzing the transition to a climate-neutral industry with carbon contracts for difference

Authors
Jörn C. Richstein
Vasilios Anatolitis
Robin Blömer
Lennart Bunnenberg
Jakob Dürrwächter 
Johannes Eckstein
Karl-Martin Ehrhart
Nele Friedrichsen
Till Köveker
Sascha Lehmann
Oliver Lösch
Felix Christian Matthes
Karsten Neuhoff
Paula Niemölller
Matia Riemer
Falko Ueckerdt
Jakob Wachsmuth
Runxi Wang
Jenny Winkler
Reposted by Jörn Richstein
matthiasdeutsch.bsky.social
⌛ Faster rusting for the energy transition

Hydrogen is notoriously difficult to transport over long distances. But what if it could be virtually stored in iron and then extracted again when and where it’s needed?

Enter Direct Reduced Iron (DRI) as virtual H2 storage.

Results from a DNV study
1/
jrichstein.bsky.social
Meterologisch oder metaphorisch?
jrichstein.bsky.social
Für HH m.e. wenig kritisch - für EI-Industrie und Erzeuger durchaus relevant. Kann mir daher gut vorstellen, dass es für existierende Teilnehmer Ausgleichszahlungen gibt (z.b. durch FTR Allokation oder EE-Politik). S.h. auch dazu den Report oben oder hier: www.sciencedirect.com/science/arti...