this post was submitted on 04 Sep 2024
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That’s fair, but the reason it’s not economical right now is mostly poorly thought out contracts and subsidies. We are already paying for this mess.
From the calculations I've seen in recent scientific reports, that doesn't seem to be the case, barring major economic changes on a global level.
Even the cheapest grid scale storage solutions are an order of magnitude more expensive than constructing more electrical generation capacity.
Particularly closed cycle fossil gas thermal plants have a massive advantage in markets where variable renewable electricity generation (wind, solar...) achieve high degrees of market penetration due to the volatility they cause in the grid.
Hydro, transmission and nuclear are currently the most accessible non-fossil options to counteract the disadvantages of solar & wind.