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It's no longer expensive. And it has benefits. >A report by McKinsey and Co presented at the recent Australian Energy Week conference claims that Tesla's 100 M
by rcMgD2BwE72F 8y ago
It's no longer expensive. And it has benefits.
>A report by McKinsey and Co presented at the recent Australian Energy Week conference claims that Tesla's 100 MW / 129 MWh battery has now reduced grid service costs by 90%, taking over a 55% share of state's Frequency Control Ancillary Services (FCAS).
[0] https://www.utilitydive.com/news/south-australias-grid-service-costs-slashed-90-by-tesla-battery/523436/ https://www.utilitydive.com/news/south-australias-grid-servi...
>But the levelized costs of renewables, distributed energy resources (DER) and battery storage “have fallen precipitously" RMI notes. Combined into "clean energy portfolios," these resources can "provide the same services as power plants, often at net cost savings.”
[1] https://www.utilitydive.com/news/end-of-the-gas-rush-renewables-storage-reaching-cost-parity-report-fin/524840/ https://www.utilitydive.com/news/end-of-the-gas-rush-renewab...
>Solar-plus-storage projects could be competitive without any federal tax incentives in California by 2020, Paul Denholm, senior energy analyst at the National Renewable Energy Laboratory (NREL), told Utility Dive. Denholm added that the time is not far off when these project pairings will be competitive with gas-fired peaking plants in other locations such as the Southwest.
>"Solar-plus-storage could be competitive in a sizeable fraction of the United States, but it is hard to say exactly when, mostly because of fluctuations in the cost of natural gas," Denholm said.
[2] https://www.utilitydive.com/news/competitive-solar-plus-storage-moves-closer-to-reality/523519/ https://www.utilitydive.com/news/competitive-solar-plus-stor...
- 3pt14159 8y agoI'm trying to think of how to make money on this. It seems like both industries (storage and solar) are going to be highly competitive even if they're the future. There's no natural monopoly. The most straightforward bet would be to short oil stocks or maybe petrol stations, since electrification will lead to their downfall as system effects work in reverse. Or maybe the key is to find industries with natural monopolies held back by electricity costs.
- XorNot 8y agoGrid service storage is different to generation though. It would make more sense to short anyone selling grid scale flywheels since that's the market they're going to eat.
- pstuart 8y agoPity. I was rooting for flywheels to have a place at the table.
- toomuchtodo 8y agoShort coal and natural gas generators, and their equipment manufacturers.
- njarboe 8y agoMaybe too late on this trend. A short on GE last year would have turned out well.
- toomuchtodo 8y agoThere’s still time to short energy firms who own coal and natural gas generation fleets.
- deleted 8y ago[deleted]