Sorry but that conclusion is incorrect. Batteries, in their current lithium form, are absolutely not suitable for gridscale storage. They're far too expensive.
In Australia a $100 million battery, if it could discharge at an infinite rate, could only meet the demand of a city of 2 million people for about 48 seconds.
Lithium batteries are for grid stabilisation - the absorb short term spikes in demand and generation.
Funny that you quote the country with the worse energy policy in the world as a good example to follow.
Germany has some of the highest CO2 emissions per capita in the EU, has the highest kWh production price in the EU, imports tons of cheap clean nuclear energy from France to meet depend (exactly because they have renewables and there is no proper affordable storage technology that exists in the real world).
They have a chancelor who was/is openly in bed with Putin (Schroder if you want more info) who basically helped the Russians by making Germany dependent on their gas by making Germany switch to non-continuous energy sources (wind / solar, gas falls in for "the battery" that doesnt exist). All on purpose: got a nice "job" at Gazprom afterwards as a reward.
Now that the gas lines to Russia are gone Germany is importing natural gas in ships from the US. Very green! To fill in the other gaps they reopened their coal mines and started burning more coal once more. They closed their last nuclear power plant in the past year as well, so there will only be more of that.
And that's your good example to follow?
I would not invest at your investment bank needless to say.
Further, comparing electricity prices in Germany to France is a moot point, because France has a fixed consumer price and pays the rest using taxes.
More further, France is importing more electricity from Germany than Germany is from France. Ironically, because their nuclear reactors are failing. [2] So most of your points are probably false.
[1] https://en.m.wikipedia.org/wiki/List_of_countries_by_carbon_...
[2] https://www.reuters.com/business/energy/even-crisis-germany-....
Absolutely not. It happened only in 2022 for a very particular reason, maintenance for a defect now resolved. As of right now, France is exporting almost 3GW to Germany ;)
The comment you replied to didn’t make that argument.
My recommendation for German government: make electricity cheap and nobody will think twice installing heat pumps or buying electric vehicles. Current price 0.3-0.5€/kWh depending on location what is insane.
Powering the world with nuclear will require breeder reactors. A Chernobyl-like prompt criticality accident in a fast reactor could be an actual honest-to-god nuclear explosion, not a piddly pathetic steam explosion like at Chernobyl.
If we build one in Denmark, and it went wrong, then our entire country could end up uninhabitable. And I know the plants are very safe, but look at what’s going on in the Ukraine, or how Russia blew up the gas lines recently. Again something that is probably less of an issue within the USA.
So I think countries like the US should probably do a nuclear renaissance, while other countries should stick with renewables. I wouldn’t worry so much about the storage issue. We currently build and deploy batteries that are inside shipping containers, effectively solving our storage issues. It should be noted that “our” storage issues aren’t the same as the grids issues, ours is intended to be able to store excess power. Basically you cannot sell power when the grid is full, and currently that means solar plants dump it into nothing. The batteries allow us to store it for months. Of course we also use it to sell power at better prices, but I did say we were an investment bank.
Battery tech is only going to improve. It’s sort of ironic that Tesla was so early with some of the storage solutions that other companies actually build today, but sometimes it’s not a good idea to be a first mover I guess? The big push is largely funded by countries like Germany going for full renewables of course, and Tesla didn’t have that at the time.