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Low cost won't cut it. It needs to be cheaper than existing technologies. Citizens don't vote for candidates with a pitch of "what we're going to do is change p
by sidewndr46 4y ago
Low cost won't cut it. It needs to be cheaper than existing technologies. Citizens don't vote for candidates with a pitch of "what we're going to do is change policy to require significant capital expenditure that is coming out of your pocket".
Failing that if you can find a way to line some politicians pockets in the process, that could work.
- ZeroGravitas 4y agoIt is cheaper. It is apparently hard to sell this to certain political groups, who get their funding from more expensive sources of energy, but the truth has a way of making itself known when money can be earned and/or saved.
- sidewndr46 4y agoSo you think the capex of building new types of energy generation & storage is less than the opex of the existing grid generation centered around fossil fuels, like natural gas?
- ZeroGravitas 4y agoYes, this has been the case for coal and nuclear for a while, and is the case in most places for gas too, even before recent price spikes. The lazard LCOE reports give figures for running costs of existing fully deprecated plants to compare with the cost of new renewables. See page 7 "Levelized Cost of Energy Comparison—Renewable Energy versus Marginal Cost of Selected Existing Conventional Generation" https://www.lazard.com/media/451905/lazards-levelized-cost-of-energy-version-150-vf.pdf https://www.lazard.com/media/451905/lazards-levelized-cost-o...