It was fantastic for the 1970s, but it's not low enough to be competitive with current PV pricing, even with storage.
This is why pointing to the the raw generation costs of intermittent sources is misleading. Generating another 500 MW of solar energy doesn't actually represent any decarbonization if that energy is produced when demand is already saturated.
Summary of conclusions:
It seems likely that known concentrated lithium deposits will not be sufficient to permit the transition to solar over the next decade or two, but there is plenty of lithium in seawater and other, less-concentrated deposits to permit such a transition. New extraction technologies will be needed if lithium batteries are to bridge the intermittency gap. Alternatively, some of the other utility-scale storage technologies might be developed.
However, independent of the above, your assertion, "Generating another 500 MW of solar energy doesn't actually represent any decarbonization if that energy is produced when demand is already saturated," is also incorrect. Generating another 500 MW of solar energy to satisfy demand currently being satisfied by coal, oil, or gas allows us to turn off coal, oil, and especially gas plants more often, which does actually represent decarbonization. It's only during hours when 100% of demand is being satisfied by solar energy that generating another 500 MW of solar energy doesn't represent decarbonization — and then only until utility-scale storage or demand response can suck up the zero-marginal-cost energy. Or until carbon emissions are net negative, of course.
It's quite plausible for demand response (e.g., charging your Tesla or freezing water in your refrigerator when the sun is shining) to play a bigger part in this than utility-scale energy storage, due to the much lower incremental costs. But my calculations linked above show that there is ample lithium in seawater to do it purely with utility-scale battery storage facilities, even without falling back to pumped storage, demand response, trains full of concrete, compressed-air caverns, etc.
Calculemus.
https://pubs.acs.org/doi/10.1021/acsenergylett.0c02181
Then there are entire classes of flow batteries that have not been industrialized yet, that have a lot of potential too.
We're using lithium batteries on the grid because we need the high specific energy for EVs, and now that we have an industry it's easy to dual purpose them. But we could also start using those same factories to rolling entire other chemistries that use the same form factor.
Nickel-iron and lead-acid batteries have a lot of historical use for grid-backup applications, and lead-acid ones are still cheaper than lithium, but I don't think the resources are there to scale to an all-solar civilization. Nickel-iron batteries might be cheaper (the resources are a lot more abundant) but nobody sells them anymore I think?
There are whole classes of all kinds of energy sources that haven't been industrialized yet, including, to a great extent, nuclear energy. EGS comes to mind. The critical thing about PV is that it's crossed the chasm to mass production and the ensuing price drops. So I think it's crucial that current lithium production won't scale to the needs of an all-solar grid — but that oceanic extraction could.
If you liked this thread, you might also enjoy https://news.ycombinator.com/item?id=26219000
Only 5 minutes of storage exist in known energy reserves. Only 18 minutes exist in lithium reserves accessible with current extraction techniques.
How is this supposed to be in favor of renewables? The lesson we take aware here is that demand for lithium needs to drive prices up high enough to incentivize pioneering new mining techniques such that an order-of-magnitude increase in accessible lithium reserves can be tapped.
> However, independent of the above, your assertion, "Generating another 500 MW of solar energy doesn't actually represent any decarbonization if that energy is produced when demand is already saturated," is also incorrect. Generating another 500 MW of solar energy to satisfy demand currently being satisfied by coal, oil, or gas allows us to turn off coal, oil, and especially gas plants more often, which does actually represent decarbonization.
No, no it doesn't. If you generate 10 GWh of solar during the day and 10 GWh from methane during the night, and you install an additional 10 GWh of daytime solar how much did your carbon emissions go down? Zero. How is this hard to comprehend?
> It's only during hours when 100% of demand is being satisfied by solar energy that generating another 500 MW of solar energy doesn't represent decarbonization
Which is already the case in some markets. Prophecy that once markets are saturated we'll start using storage to capture the excess is not panning out.
I'm a lot more "in favor of the truth" than "in favor of renewables". And the truth is that there's plenty of lithium, but not with current extraction techniques.
> No, no it doesn't. If you generate 10 GWh of solar during the day and 10 GWh from methane during the night, and you install an additional 10 GWh of daytime solar how much did your carbon emissions go down? Zero. How is this hard to comprehend?
You seem to be violently agreeing with me, while congratulating yourself on your intellectual superiority, which is terribly amusing.
Last I checked, Li-ion was about US$111/kWh https://dercuano.github.io/notes/energy-storage-efficiency.h... which is probably around US$300/kW on th current grid, depending on how many hours a day you need battery, and buyers were undervaluing storage. Given that coal and (1970s) nuclear plants cost on the order of US$1000/kW to build, this is already economically feasible. (Current nuclear plants cost close to US$7000/kW, but plausibly that's largely regulatory costs.)
So, existing lithium batteries are already cheap enough to be economic to deploy; about US$100 billion of batteries into the future, new mining techniques are needed; there's plenty of lithium in the sea to get to an all-solar grid; and existing utility incentive structures haven't yet accommodated the necessity of storage.
And the truth is that I only ever said that there isn't enough grid storage available to make renewables feasible for decarbonization. The notion that I ever said there wasn't enough lithium in the earth's crust isn't the truth. Sure, there's more lithium that's inaccessible. But inaccessible lithium isn't available for use in energy storage.
> Last I checked, Li-ion was about US$111/kWh https://dercuano.github.io/notes/energy-storage-efficiency.h... which is probably around US$300/kW on th current grid, depending on how many hours a day you need battery, and buyers were undervaluing storage. Given that coal and (1970s) nuclear plants cost on the order of US$1000/kW to build, this is already economically feasible. (Current nuclear plants cost close to US$7000/kW, but plausibly that's largely regulatory costs.)
You're comparing figures on generation to storage. Yes, a big nuclear plant that generates 2.5 GW of electricity often costs $15 billion, sometimes more sometimes less (The Taishan plant only costed $7 billion for 2GW). But they generate that power for 50 to 80 years. And crucially they generate power 24/7 and don't need a supplemental form of storage.
By comparison, buying 2 gigawatt hours grants you the ability to store enough energy to output 2 GW for a duration of 1 hour. This means something totally different. You still need to add onto this the cost of building and maintaining solar panels or wind turbines or what have you to actually fill this storage.
But what's crucially omitted here is service lifetime. Good lithium ion batteries will do ~1,500 discharge cycles, exceptional ones 2,000. That's 4-6 years of service life for these batteries, especially if they're being used for diurnal storage like solar. And that's really all they're good for, batteries also lose their charge if they sit unused for long durations. so $100 for 1 KWh that needs to be replaced every 4 years really costs $2,000 over the life of 80 years.
Also actually attempting to use batteries for grid storage will cause the price of batteries to skyrocket. Globally ~300GWh of lithium ion batteries are produced annually [1]. The world uses 60TWh of electricity daily. 1 day of storage would take 200 years to provision at current production rates. Sure, battery production is growing but won't be able to keep up with demand and price will rise. As you pointed out earlier, only 20 minutes of storage are available with existing mining techniques so extraction will rapidly become a bottleneck.
> You're comparing figures on generation to storage. Yes, a big nuclear plant that generates 2.5 GW of electricity often costs $15 billion … buying 2 gigawatt hours grants you the ability to store enough energy to output 2 GW for a duration of 1 hour
I'm clear on the distinction between power and storage capacity; that's why I said, "Li-ion was about US$111/kWh which is probably around US$300/kW on th[sic] current grid, depending on how many hours a day you need battery" and linked to my note from 02019 about precisely how the price of batteries interacts with the price of energy, depending on how many charge/discharge cycles you get per day and how long they are.
The thing I probably should have been more explicit about is that, on the current storage grid, batteries are needed about 2–3 hours a day; US$111/kWh times two or three hours gives "around US$300/kW": to bridge those 2–3 hours of shortfall, you need 2–3 kWh/kW of batteries. That's what makes Li-ion batteries profitable to install today.
It is of course true that as the amount of solar energy in the grid increases, this duration also increases, especially if demand response doesn't materialize as we might hope. Figures from the CAISO report I linked elsethread http://www.caiso.com/Documents/Final-Root-Cause-Analysis-Mid... show that California's solar generation in the summer is roughly 12 hours a day and fairly constant during about 10 of those hours, ending just after peak demand, and that peak demand is about twice "valley demand". On the fateful day, the demand ramped down from about 45000 MW to about 25000 MW nearly linearly over the other 12 hours, so if you wanted to feed the entire California demand from expanded solar generation, you'd need to store up 420 gigawatt hours (1.5 PJ). You'd need 12 kWh of batteries per (average) kilowatt, which would bring the price of storage to above US$13000 per kW at the battery prices I found two years ago, which is slightly higher than the price of thermal power generation. Hopefully those battery prices will go lower and/or people will shift to using more power when the sun is up, for example because it's free, but those prices are already low enough to invest the first US$50 billion into ramping up battery production and new extraction technologies.
Your point about service life is well taken, but I think you probably would benefit from doing real NPV calculations, with discount rates. I'll make an effort tomorrow if I have time.
And you'll have to pay this cost every 4-8 years, too.
And once you talk about load shifting, you're adding in a while bunch of other invisible costs to accommodate the shifting load. E.g. making it so that trains only run at night and on windy days, that increases cost of logistics across the board, which in turn makes a whole bunch of other goods and services more expensive.
If freight trains are what we're talking about, solar-powered freight trains might only run during the day rather than the night.