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It 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.
by freemint 4y ago
It 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).