Is the end really nigh for Natural Gas? This article makes a compelling case. There are some, even those in clean energy circles, that champion natural gas, and talk about peaker plants as more viable than energy storage. It seems the big players in the supply chain don't agree.
Let's not forget that natural gas is a fossil fuel, regardless of it being cleaner than coal, it is a fossil fuel and burning it has consequences everyone knows about (though some are in denial, or paid to be). So we must stop burning it.
If Nuclear, coal and natural gas are all not just immoral (in my opinion), but also financially unviable, as we increasingly see, then we really have reached a tipping point in the clean energy transition. Could someone tell Donny Trump, Theresa May and the other leaders and promoters of fracking awful old fossil fuels.
The big signal that got some coverage in the pink pages (FT) and energy-wonk trade press in November was the closure of Siemens and GE’s gas turbine-making capacities. Just to recap for those that missed it, first Siemens, the giant European champion of the electric power revolution, laid off 7,000 workers. It reported that it had a capacity to make 400 100MW gas turbines annually but only had received orders for 110 in 2017. Ouch. Retrain! And then GE: Two weeks later, it laid off 20,000 workers in its gas-related business, including turbine-making teams around the world. Remember, just about five years ago Siemens and GE battled for the gas business of Alstom, the French descendent of the same companies GE came out of in the early 20th century. GE paid $10 billion for it and declared a coup.