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oh no! think of the stock market!
(lemmy.world)
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this post was submitted on 02 Oct 2024
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This is a real problem for renewables.
You don't get paid when the sun shines, and you don't get paid for when it does not.
You had to pay for building the solar panels and maintaining them. Corporate greed aside none sane would like their tax money either to be spent on producing electricity when it's not needed.
Next step for renewables must be storage that is cheap enough for it to beat having fossil fuel on standby.
To be honest, at grid scale, I don't see why the answer to this today isn't that the government/energy companies just build a shit load of gravity batteries and use the basically free power times to build grid supply for when the sun's gone down.
Paying billions for mega projects to save millions on cheap electricity makes no sense.
Napkin math gravity battery Last figures I found are from 2022 the costs storing 1GW 24 hours is $150 per installed kWh
My apartment has an estimated electricity consumption annually of 2000kWh, I'll need to store half that for $150 per kWh in a structure that lasts 100 years without maintenance, then crumbles into dust and needs to be rebuilt. It would average out to $1500 per year.
My current electricity bill is about $600 per year.
2000kwh a YEAR? Do you live in 70° weather year around and have all gas utilities or what?
No. It's district heating and not included on the electricity bill. I live north of the Arctic circle and a house from the same year with a heat pump would use an order of magnitude more.
The example was meant to highlight the absurd costs despite ludicrously favorable assumptions.