Past year average: £97.90/MWh Right now: £5.99/MWh.
Better transmission and storage tech or better ways to scale demand at different times will be a game changer here.
Past year average: £97.90/MWh Right now: £5.99/MWh.
Better transmission and storage tech or better ways to scale demand at different times will be a game changer here.
https://news.ycombinator.com/item?id=37502924 (citations)
(edit @ oezi: wind power is solar power)
[0] 1m^2 cross section if it's aluminium
Hydrogen is cheap for long term storage because underground storage caverns can be extremely cheap (solution mined in salt formations), less than $1 per kWh of storage capacity. This is how natural gas is often stored, after all. There are alternative e-fuels but they have various problems. Ammonia is touted a bit below this comment in these responses.
https://www.oxfordenergy.org/wpcms/wp-content/uploads/2020/1...
https://www.nj.gov/dep/njgs/enviroed/infocirc/StorCavsIC.pdf (Control-F "Repauno Works")
TLDR It is a superior long duration liquid energy storage system vs hydrogen.
I was thinking low cost retail electricity would be quickly absorbed by anyone not yet on electric (or district) heating buying cheap electric heaters (and they ARE cheap).
My opinion if you get regular periods where electricity prices drop to zero or negative someones going to move to take advantage of that.