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Ginormous batteries come to mind. Buy low (so low it’s negative) sell high. We’ve seen Tesla do it quite successfully in Australia, no reason why we won’t star
by avianlyric 6y ago
Ginormous batteries come to mind. Buy low (so low it’s negative) sell high.
We’ve seen Tesla do it quite successfully in Australia, no reason why we won’t start seeing similar thing happening in the U.K.
I also suspect that there are many applications of unpredictable bursts of free electricity (I don’t really know what “unstable” electricity means when it comes to pricing). The most obvious is district heating, it’s a massive natural energy store. You can use the electricity to reduce your consumption of what other energy supply you normally use.
Then there are things like canal pumps. You could basically turn canals into huge hydrostores by varying their level by a few cm. This is just demand shifting, but no reason why you can’t do it.
Basically any application that currently involves topping up a natural energy store, whether that be pumped water, heat, or just any lifted mass. Could be converted to shift demand to take advantage of low or negative energy prices.
All of these systems have natural buffers that can be utilised safely and cheaply. They just need the economic incentive to make it happen. And there are far more of them in the world than most people realise.