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Assuming that people commit to buying 24/7 carbon-free energy at any price, on-demand generation like geothermal will be quite valuable during the times when wi
by p1mrx 5y ago
Assuming that people commit to buying 24/7 carbon-free energy at any price, on-demand generation like geothermal will be quite valuable during the times when wind and solar are underperforming.
So geothermal will mainly compete with nuclear and storage, not wind and solar.
- ZeroGravitas 5y agoYep, and like nuclear, it has a high up front cost that needs to be amortized over near constant use to be viable which means it prices itself out of that role pretty quickly compared with say green ammonia fired peaker plants that mostly incur costs when actually used and also use the green energy being produced in large quantities.