We just need to spend on the most economic places to save CO2.
- Every EV purchased can be part of the solution by supporting vehicle to grid charging.
- Annual production capacity can increase. IEA estimates 6,000 GWh per year will be manufactured in 2030. I am sure it will grow further.
- We need way less than 60,000 GWh to provide batteries for an average day, because solar, wind, hydro are covering part of this.
Wind is subject to intermittency, too. It's not a magic bullet that eliminates storage. Unless you're overprovisioning wind by a factor of 10 (in which case it's not cheap anymore), you'll still have weeks-long stretches where there is insufficient energy.
Hydro is really the only non-intermittent carbon-free energy source besides geothermal and nuclear power. The reality is that wind and solar are only cheap in the context of a non-intermittent source that can fill in for the intermittency of renewable production. Running a minority of your grid on solar and wind, supplementing gas plants is one thing. Running a grid mostly wind and solar is totally different beast.
This will push down CO2 emittance. That all that matters really (at reasonable cost).
Not if you want to solve climate change. Reducing emissions to 50% of present levels and then just keeping them there isn't going to prevent climate change. Overproduction during peak hours doesn't help unless you have a way to release that energy in non-peak hours.
Again, growing battery production isn't actually resulting in grid storage. Even dedicating 100% of battery production to grid storage isn't going to make significant changes in grid storage, but it will stop EV adoption.
It just requires some money. If you research it, it is surprisingly little in relation to global annual GDP (at least less than I was expecting).
And what, exactly, is that speed? The US plans to deploy "15GW" (presumably the authors mean GWh of storage, GW is not a unit of storage) of grid storage in 2024. That's less than 2 minutes of storage!
https://www.eia.gov/todayinenergy/detail.php?id=61202#:~:tex....
Again, global battery production is only about 6-700 GWh (be careful with figures that cite capacity, which is distinct from actual production). And very little of that is dedicated to grid storage.
So 16 GW battery allow you to power the US similarly to 3x times the power of the largest US nuclear reactor for probably 3 hours.
If such projects are economically feasible now, the economics are just getting better and better and this means we will see exponential growth. California is seeing improved grid stability and reduction in CO2 emissions due to batteries today.
https://www.nytimes.com/interactive/2024/05/07/climate/batte...
Since 2020, battery prices have gone flat. Moore's law works because computers get faster as transistors get smaller. That's not the case for batteries, or most other goods. A new car cost a million dollars in 1900, $100k in 1910, and $10K in 1920. Would it have been reasonable to assume that a new car would cost $10 by 1950? Of course not, the steel and rubber in the car is worth much more than $10. A car cannot cost less than the input materials used to build it.
Input materials account for 75% of the cost of a battery already (https://www.visualcapitalist.com/breaking-down-the-cost-of-a...) The room for further price reductions become ever more slim.
10 GWh of storage is peanuts. That's what one nuclear plant produces in about 5 hours. The USA uses 500 GWh of electricity per hour.