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Couldn't the grid install these somewhere for less than every home doing their own installation? The net effect would be the same but might be cheaper overall.
by aembleton 4y ago
Couldn't the grid install these somewhere for less than every home doing their own installation?
The net effect would be the same but might be cheaper overall.
- joss82 4y agoMy point exactly. Iron flow sounds great though. Thanks for mentioning, I'll look into it.
- freemint 4y agoIt could and it might even be more efficient. That doesn't mean home installation is not a huge market though. It also has access to different capital.
- highwaylights 4y ago> It also has access to different capital This is what I think the real benefit is, and also why I think we'll see both. I don't see the political will or financial commitment materialising for large scale energy storage in the short term because it's an upfront cost to a taxpayer whichever way you slice it. Individuals are free to self-fund their own battery pack installations though, and can then decide if the upfront cost is worth the reduction in rates to shift energy usage to non-peak times. Once that sufficiently takes off it becomes easier to sell the public at large on the idea, and will also drive down costs, at which point I could see wide-scale grid storage becoming thing. At that point, renewables are scalable to almost 100% of energy usage (assuming vehicles and industry transition away from combustion machinery).