3 ms·

So 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,

So 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 ago
Yes, 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...