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If energy storage solutions were sufficient, there wouldn't be any negative priced energy! Obviously, everyone who can store energy maxes out their battery ban
by dragontamer 5y ago
If energy storage solutions were sufficient, there wouldn't be any negative priced energy!
Obviously, everyone who can store energy maxes out their battery banks during these times of negative-cost energy. The reason why prices are negative is because the sum of market participants still has a shortage of storage.
We have a shortage of storage because the amount of energy our grid uses is on a behemoth scale, barely comprehensible. Dozens-of-GW-hr pumped hydro stations fill up their storage to the brim on a constant basis.
- tedivm 5y agoEnergy storage has gotten a lot better in the last few years, just as solar and other things have. Most of the plants in the US are decades old. That said, I'm not saying it'll completely solve the problem- just increase efficiency and reduce the problem.
- engineer_22 5y agoIf you can make it work you'll be a very rich person, tedivm. I encourage you to aggressively pursue this opportunity.
- ncmncm 5y agoWe have a shortage of storage because it takes a long time to build out that much capacity. Until intermittent sources represent a much bigger piece of the pie, a renewable dollar has been much better spent on generating capacity. As the fraction of capacity increases, the need for storage starts to rise. So, now we see big storage projects breaking ground, to come on line in the next few years. The amount of storage finally built will be astonishing to contemplate.