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Price and global production capacity are two different figures. Global capacity is limited by things like raw materials. Regardless even if we go with your more
by manfredo 7y ago
Price and global production capacity are two different figures. Global capacity is limited by things like raw materials. Regardless even if we go with your more optimistic projections, you're still talking about 5-7 years of global battery production to fulfill the storage demands of a single country. Consider that a large part of this battery production will go towards electric cars and electronics, it'll likely take the better part of a century to produce enough storage to power the globe on intermittent sources.
- xiphias2 7y ago,,it'll likely take the better part of a century to produce enough storage to power the globe on intermittent sources'' We're talking about 20-30 years, and sure, I don't see the will from people (especially poor people who elect politicians, but can't afford renewable energy) for going faster.
- manfredo 7y agoWe're not talking 20-30 years. Even by your more optimistic estimate of 4TWh of global battery production by 2030, it would still take 5-7 years worth of global battery production supply to fulfill just the United States' storage needs. Currently the US accounts for ~17% of global energy consumption, but that share is going to be lower in the future as less developed countries expand their energy production capacity. And on top of that, we're not going to be dedicating the entirety of our battery production to energy storage because we'll still be building electronics and electric vehicles.