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It's just math. If you have a storage solution where you can recoup you capital costs by charging every day and selling electricity every night, you will recoup
by credit_guy 4y ago
It's just math. If you have a storage solution where you can recoup you capital costs by charging every day and selling electricity every night, you will recoup only one hundredth of that if you charge one day and sell 100 days later. Currently the capital costs of batteries add a few cents to the kWh (the average price of 1 kWh in the US in 2021 was 14 cents). If you multiply that number by one hundred, you end up with dollars for kWh, and you can sell that kWh, because nobody will buy it.
If you find a storage solution that adds only hundredths of cents to a kWh if sold daily, that would be absolutely fantastic. But no such solution is in sight.
The only long term storage solution that has a shadow of a chance to make it is hydrogen. But we are so, so much behind the plan in building green hydrogen production facilities. As for hydrogen liquefaction and shipping, that's just a distant plan.