4 ms·
Electricity markets give widely varying prices thru the day. Even just thinking competition betweeen clean energy sources, in early evening peak hours geotherma
by dzdt 3y ago
Electricity markets give widely varying prices thru the day. Even just thinking competition betweeen clean energy sources, in early evening peak hours geothermal wouldn't be competing with PV directly but rather PV via battery storage. The extra cost of batteries makes geothermal more cost competitive.
- kragen 3y agoit makes thermal power generation closer to cost-competitive, yes
- pbmonster 3y ago> In evening peak hours geothermal wouldn't be competing with PV directly but rather PV via battery storage And in many parts of the world, it would not be competing with PV at all during many days of winter, when cloud cover and incidence angle are so bad PV goes into single digit percentage of its peak output. Because then even batteries won't save PV.
- kragen 3y agomostly people don't live in those parts of the world, but you'll note my original comment does say 'pv is much less competitive in places like antarctica, england, or germany due to low capacity factor and long outages'