3 ms·
This transition is happening now because its cheaper, much cheaper. Solar gets down to about $50 for a MWh whereas Gas is at more like $200. Wind is a little ch
by PaulKeeble 2y ago
This transition is happening now because its cheaper, much cheaper. Solar gets down to about $50 for a MWh whereas Gas is at more like $200. Wind is a little cheaper initially at ~$40MWh but it has higher ongoing maintenance costs and tends to come out roughly equivalent to Solar although its widely expected Solar is going to drop further still.
Batteries are still relatively expensive, in the region of $80 for a storage MWh although pumped hydro is quite a bit better than that. Still what is going to happen is in the next few years on the sunniest days and the windiest days power is going to be free or even at the point where you get paid for using it. Whole businesses are going to be based on storing this power for the long term and using it.
Unlike with Gas/Coal etc where we choose the output with renewables we need to control the consumption more, that means more storage but it also means systems that align power consumption with when its cheap. Some people are already doing this in their homes and charging batteries when the grid provides cheap power but my hope is that businesses will pop up to use that power to capture and store CO2. There is absolutely money to be made in this market and software for building smart systems in homes and across countries that balance these systems.