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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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That's not what they were saying, they were saying that it's not economical to have an abundance of electricity when people need it the least, and little or no electricity when people need it the most. It would be one thing if utilities could sell solar electricity at peak demand hours for a higher price, to make up the difference, but that's just when solar generation is slowly down significantly or stopped entirely.
And, yes, I know that battery storage could theoretically solve this, but battery technology is not currently capable of providing electricity for the entirety of the time we need it. New technologies are being developed right now with the goal of achieving long term grid storage, but they are still in the R&D phase. I'm confident a suitable storage technology, or multiple technologies, will eventually come to market, but it's going to take a while.
Regardless, it is likely we will always need some kind of on-demand power generation to supplement renewables and maintain grid stability, and I think nuclear is the best option.
But we shouldn't act like the problem is that utilities are just greedy. Many utilities aren't even for-profit companies, as many are either not-for-profit cooperatives or public entities. Sure, there are also many for-profit power utilities as well, maybe even some with connections to the fossil fuel industry, but generally power utilities are not some great villain.
A thing you can use which gets forgotten often in the conversation is "natural" / physical batteries, or better put stores of latent energy. Essentially, "push heavy thing up hill, make it come down later".
I know little about it, but you can release the kinetic energy stored in heavy objects at higher altitudes basically whenever, using say a dynamo on the wheels of a wagon of heavy rocks you previously pushed uphill.
There have been proposals for technology like this. Putting a motor above an abandoned mineshaft and suspending a weight. Charged by raising the weight, discharges by lowering against a load.
The issues is the capacity ends up being pretty tiny, not really at a grid level.
You’d need a TON of motors to get to something a grid could actually use to stabilize, and by then the economics don’t work out. Let alone the actual space requirements of that many motors
Additionally, a lot of the advantages of batteries come from local storage, where you don’t need to transmit the energy long distances anymore, and these “natural” batteries tend to take up a lot of space.
A better and more accessible form of “natural” energy storage are already in most homes. Heat pump water heaters in homes could do things like make the water extra hot during solar hours, when power is cheap, so they can make it until the next morning without turning back on.
Or with better building envelopes (insulation) we could run more cooling during solar, maybe even make a ton of ice. Then later in the day, when solar drops and the grid load peaks, you can still cool the building with ice.
The physical battery idea has been a thing for decades in the form of a pump storage plant where during times of excess electricity, they pump water up a hill, and when power is needed it works like a hydroelectric power plant. The problems with these however is that in order to get a meaningful amount of power and longevity, you need a lot of water and space to build one of these which makes them massive and expensive up front. I have one near me, but I also live near one of the biggest lakes in the world, which helps.
Yes, pumped storage is definitely an existing technology that serves this need. I live near a massive one as well. However, large-hydro recently has not been considered as renewable form of generation due to the disruptive impact it has to local ecosystems.
I know in the US, new projects do not get approved due to permitting and water board issues. So I don’t think we’re going to see any new construction.