3 ms·
Batteries are very much there and are being rolled out on a large scale globally since the price per kwh has been plummeting for years.
by fundatus 2y ago
Batteries are very much there and are being rolled out on a large scale globally since the price per kwh has been plummeting for years.
- infecto 2y agoThey most definitely are not there to take up overnight baseloads. I don't think the economics has been fully baked out yet. They are certainly rolling out but often times to replace the function of a peaker plant not a baseload plant.
- Herz 2y agoThis is not to say that prices will continue to decrease indefinitely; in fact, they appear to be reaching a plateau. https://assets.bbhub.io/professional/sites/24/fig1battery.png https://assets.bbhub.io/professional/sites/24/fig1battery.pn... Moreover, it is prudent to avoid relying solely on a single technology. Currently, lithium is the only type of storage that is commercially viable, and hydropower capacity in Europe is nearly maxed out. Additionally, a significant portion of lithium supply is controlled by China, which poses its own set of challenges: https://carboncredits.b-cdn.net/wp-content/uploads/2024/04/lithium-prices-april-2024.png https://carboncredits.b-cdn.net/wp-content/uploads/2024/04/l... I am optimistic about the future of storage technologies. If prices continue to fall and production increases, we could potentially use these technologies to better manage daily energy peaks by 2050. However, achieving affordable and efficient seasonal storage remains a distant and costly goal. It's also important to acknowledge that while storage technologies exist, they have yet to meet the ambitious targets we are discussing anywhere in the world, the data are promising, but they say nothing about what might happen in the future.