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The free-market is proving your conspiracy theory wrong. Texas is also deploying absolutely massive amounts of batteries, and it's private investors doing it be
by epistasis 1y ago
The free-market is proving your conspiracy theory wrong. Texas is also deploying absolutely massive amounts of batteries, and it's private investors doing it because it lets them deliver cheaper energy and profit.
Batteries are a cost-saving grid asset. Journalists are under-reporting this fact, not over-reporting.
- trhway 1y agoNapkin. Batteries are $100 per KWH (say prismatic, 5000 cycles). So at $0.1 per KWH - say diff between high demand rate and the low demand - it takes only 3 years (1000 cycles) to break even. Practically a gold rush just a bit worse than crypto :) It becomes even better if you add vertical integration optimization - i.e. your own solar farm in addition to your own battery farm.
- transcriptase 1y agoConspiracy theory? The company featured in this article literally raised money from investors to buy Tesla megapacks. Same as the rest.
- dreghgh 1y agoBut are they being improperly incentivised to do so by the state of California?