Reversing the fuel-electricity system provides for complete fossil fuel replacement and a stable grid
Book chapter, 2024
As the total cost of renewable electricity falls lower than the price of fossil fuel, electricity can not
only be used to replace fossil fuels using batteries in vehicles; electricity can be used to produce
fuels. This makes it possible to replace fuels in sectors not easily directly electrified. It also
provides new ways of balancing the electricity system. When renewable electricity is cheap a lot
of fuel can be produced (electro-fuels). When electricity gets more expensive than fuels, fuel
production will stop. In rare, extrem situations, such fuels may even be used to produce
electricity.
only be used to replace fossil fuels using batteries in vehicles; electricity can be used to produce
fuels. This makes it possible to replace fuels in sectors not easily directly electrified. It also
provides new ways of balancing the electricity system. When renewable electricity is cheap a lot
of fuel can be produced (electro-fuels). When electricity gets more expensive than fuels, fuel
production will stop. In rare, extrem situations, such fuels may even be used to produce
electricity.
Renewable Energy
fossil fuel substitution
variable electricity production
hydrogen
batteries
Author
Tomas Kåberger
Chalmers, Technology Management and Economics, Environmental Systems Analysis
The Oxford Handbook on the Greening of Economic Development
9780198883487 (ISBN)
Driving Forces
Sustainable development
Innovation and entrepreneurship
Areas of Advance
Energy
Subject Categories
Economics and Business
Electrical Engineering, Electronic Engineering, Information Engineering