Let's start with Australia. From a reader earlier today, a link to JoanneNova, aluminum smelters cannot exist where grid electricity if based on wind/solar.
1. Aluminium smelters gobble electrons for breakfast. [The Tomago Aluminum] smelter uses 10% of the entire electricity supply of the most populous state in Australia (New South Wales).On another note, Boeing Corporation had an incredible month on the US stock market recently.
2. If power goes out without warning for more than three hours, the smelter pot lines freeze, permanently. The company goes to the wall.
3. The largest battery in the world would keep their smelter going for all of 8 minutes. There is a good reason there are no solar or wind powered aluminium smelters anywhere in the world.
4. The government can ‘t let the market solve anything whilst it is simultaneously destroying the free market by propping up the market failures at the same time.
5. Electricity pricing has suddenly got very ugly. Their electricity bill may now be subject to price spikes where it could cost them $4 million just to keep one pot line running during that spike. It is as if suddenly gas stations only sold $400 per Litre petrol. (Which would be $1800/per gallon). What he doesn’t say, but which logically follows from that, is that heavy industry in most of Australia can no longer get reliable electricity at an affordable price, even with forward contracts. Cry, scream, run with your factory.
6. In Australia, if we achieve “zero coal” we will also achieve “zero heavy manufacturing”.
7. If we want heavy industry, we need a HELE Coal plant. There are hundreds being built around the world, and we are selling our coal to them. How crazy are we?
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