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Allocating commodity resources efficiently is what capitalist economies are actually pretty good at. A couple of scenarios where this is ideal: 1. Located clo
by LamaOfRuin 7y ago
Allocating commodity resources efficiently is what capitalist economies are actually pretty good at.
A couple of scenarios where this is ideal:
1. Located close to intermittent renewable generation that is already hooked up to the grid, especially in places like California where intermittent renewables can already push generation beyond load at peak times and result in near zero or negative prices, this can soak up electricity usefully in a way that displaces other carbon emitting fuel.
2. Deployed along with intermittent renewables in the most optimal places for generation, where connection to the grid is impossible, inefficient, or will simply take time. This can soak up the most efficient possible generation of deployable renewables which would make otherwise uneconomical utility scale deployment viable.
Both of these are scenarios that our capitalist market system should work well to optimize for assuming the electricity->fuel technology reaches suitable efficiency (and not before then).