Re:Japan to invest on nuclear energy in major policy shift
by marcosdumay on Thursday December 22, 2022 @07:33PM
(#34100906)
> They are generally expensive.
For the foreseeable future, electricity storage will stay expensive when you compare it with fast to cycle natural gas generators. This will only change with a carbon tax or after we consume most of the natural gas available on Earth (looks like it would take 2 or 3 decades on the shortest predictions).
That applies to any kind of electricity storage.
Compared to the alternatives, pumped hydro is currently a cheap highly efficient storage. It gets the best qualities of synthetic fuels (low cost) and batteries (efficiency). But it's not available everywhere. Things are changing fast, and I do expect pumped hydro to not be competitive when we fully deploy storage, but it's currently the best option you will see.
For the foreseeable future, electricity storage will stay expensive when you compare it with fast to cycle natural gas generators. This will only change with a carbon tax or after we consume most of the natural gas available on Earth (looks like it would take 2 or 3 decades on the shortest predictions).
That applies to any kind of electricity storage.
Compared to the alternatives, pumped hydro is currently a cheap highly efficient storage. It gets the best qualities of synthetic fuels (low cost) and batteries (efficiency). But it's not available everywhere. Things are changing fast, and I do expect pumped hydro to not be competitive when we fully deploy storage, but it's currently the best option you will see.