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Modo Energy
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The all-in-one platform for battery energy storage analysts.
Battery energy storage operations: September 2024 case studies
In September 2024, battery energy storage systems in ERCOT earned average annualized revenues of $22/kW. This marked the first month in which batteries earned a majority of their revenues from Energy arbitrage.
September also saw Ancillary Service clearing prices fall to five-year lows. This meant that some of the highest-earning battery energy storage systems earned more than 80% of their revenue from Energy arbitrage.
Read the full article on the Modo platform: modoenergy.com/research/ercot-battery-energy-storage-operations-energy-arbitrage-real-time-day-ahead-flower-valley-ebony-republic-road-snyder-gore-street-capital-price-shapes
For all things battery energy storage, access the platfor...
September also saw Ancillary Service clearing prices fall to five-year lows. This meant that some of the highest-earning battery energy storage systems earned more than 80% of their revenue from Energy arbitrage.
Read the full article on the Modo platform: modoenergy.com/research/ercot-battery-energy-storage-operations-energy-arbitrage-real-time-day-ahead-flower-valley-ebony-republic-road-snyder-gore-street-capital-price-shapes
For all things battery energy storage, access the platfor...
Просмотров: 372
Видео
Augmenting batteries: Is it worth it?
Просмотров 47219 часов назад
The average duration of new-build BESS sites has increased by almost 60% in Great Britain since 2018, as cell costs fall and batteries move to energy trading markets. 75% of batteries still have a duration under two hours, so when does augmentation of these projects to add additional energy capacity make sense? Read the full article on the Modo platform: modoenergy.com/research/dec-24-bess-batt...
1 GW of Battery Storage Added in 2 Months
Просмотров 677День назад
Across October and November, fourteen new battery energy storage systems received full approval from ERCOT to begin commercial operations. In all four load zones in ERCOT, at least two batteries were able to begin commercial operations. In total, capacity grew by just over 1 GW of rated power, or 1.3 GWh of energy capacity, in the past two months. Read the full article on the Modo platform: mod...
Australia: An introduction to the NEM with Alex Leemon (Gridcog)
Просмотров 3,1 тыс.14 дней назад
The National Electricity System or NEM, is Australia’s largest energy market and one of the largest interconnected electricity systems in the world, delivering around 80% of all electricity consumption in Australia. As Australia transitions toward a renewable emission-free system, the market must adapt to changes in electricity generation and emerging technologies. This episode takes a look at ...
ERCOT: How did battery energy storage systems perform in September 2024?
Просмотров 24221 день назад
In September 2024, battery energy storage systems listed on Modo Energy’s ERCOT BESS Index earned annualized average revenues of $22/kW. This was a 75% decrease from August, when batteries earned an average of $87/kW/year. Read the full article on the Modo platform: modoenergy.com/research/ercot-september-2024-battery-energy-storage-revenues-energy-arbitrage-ancillary-services-saturation-gore-s...
ERCOT: How did Energy Storage systems operate in August 2024?
Просмотров 14821 день назад
In the summer of 2024, battery energy storage systems in ERCOT dispatched nearly 4x more volume during their peak daily dispatch than in the summer of 2023. Of course, more batteries on the system will inevitably mean higher volumes dispatched. However, from the start of August 2023 to the start of August 2024, battery capacity in ERCOT only increased by 63% (from around 4.8 GWh, to around 7.8 ...
Hydropower and long-duration storage - Transmission(Kate Gilmartin - British Hydropower Association)
Просмотров 3,7 тыс.21 день назад
Hydropower is a renewable, reliable source of energy that consistently meets peak demand while also offering long-duration, high-capacity storage and generation solutions for Great Britain. From tidal range systems to pumped hydro, hydropower encompasses a range of proven technologies with predictable performance and a track record of durability. The question now is: what must change to fully h...
Seven key reasons why revenues are 70% lower than last year's
Просмотров 28521 день назад
As of mid-November 2024, average battery energy storage revenues in ERCOT were around 70% lower than they were at the same time last year. But what were the key trends that drove this drop-off in earnings? Read the full article on the Modo platform: modoenergy.com/research/ercot-battery-energy-storage-systems-revenues-top-ten-key-drivers-buildout-capacity-ancillary-services-day-ahead-real-time-...
CAISO: Understanding California's Resource Adequacy
Просмотров 19321 день назад
California's Resource Adequacy program is a significant source of revenue for resources. It's designed to ensure that the California Independent System Operator (CAISO) has access to enough capacity to meet the needs of the future power system. In this video, you’ll understand the essentials of providing Resource Adequacy. Read the full article on the Modo platform: modoenergy.com/research/cais...
Battery energy storage revenues decreased by 12% in November
Просмотров 33428 дней назад
In November, battery energy storage revenues in Great Britain fell 12% from their 2024 high in October to £52k/MW/year. Despite the reduction, Balancing Mechanism revenues reached their highest level in 18 months. These figures are based on the new ME BESS GB Index, which was released in early December 2024. Read the full article on the Modo platform: modoenergy.com/research/battery-energy-stor...
Global battery markets with Iola Hughes (Head of Research @ Rho Motion)
Просмотров 3,7 тыс.Месяц назад
The global battery energy storage market is undergoing rapid transformation. The decline in cell prices, fueled by fluctuations in lithium costs, has seen a surge in battery production, particularly in regions like China. However, the potential introduction of tariffs on U.S. manufacturers highlights the challenges of navigating the balance between global supply chains and domestic production. ...
The ME BESS indices - the next evolution in battery energy storage benchmarking
Просмотров 236Месяц назад
Today, Modo Energy launches the ME BESS indices - the next evolution in benchmarking tools for battery energy storage systems. In 2022, we released the Modo Energy GB BESS Index - a trusted benchmark for tracking energy storage asset performance in Great Britain. Earlier this year, we launched our first North American indices, in ERCOT and CAISO. In 2025, we will add more indices across the USA...
NESO's 2025 Plan for Connections Reform (GB)
Просмотров 372Месяц назад
Ofgem reported 732 GW of projects in the grid connection queue in November 2024. This means the queue has almost twice the installed capacity required in Great Britain by 2050, based on the Future Energy Scenarios (FES) 2024 Holistic Transition Pathway. Read the full article on the Modo platform: modoenergy.com/research/gb-grid-connections-connection-queue-reform-november-2024-clean-power-2030-...
Introducing The Terminal
Просмотров 701Месяц назад
To see the new platform, head to: modoenergy.com/ Follow our LinkedIn: www.linkedin.com/company/modo-energy/
CAISO: How much battery capacity is there in CAISO, and where is it?
Просмотров 396Месяц назад
The total rated power of battery energy storage across the US could be as high as 140 GW by 2030. CAISO and ERCOT have led the way and are set to deliver the bulk of this forecast. But how much of this capacity is commercially operational today? What are the biggest battery sites in CAISO in 2024? And which batteries are coming into the picture in 2025? Read the full article on the Modo platfor...
Breaking down battery recycling with William Bergh
Просмотров 906Месяц назад
Breaking down battery recycling with William Bergh
Australia: How has battery energy storage capacity in the NEM hit 3 GWh?
Просмотров 2,3 тыс.Месяц назад
Australia: How has battery energy storage capacity in the NEM hit 3 GWh?
ERCOT: How did battery energy storage perform in August 2024?
Просмотров 324Месяц назад
ERCOT: How did battery energy storage perform in August 2024?
What P415 means for flexibility - Transmission (Paul Troughton - Enel X)
Просмотров 846Месяц назад
What P415 means for flexibility - Transmission (Paul Troughton - Enel X)
Battery Operations GB: Which optimisation strategies earned the most in October 2024?
Просмотров 360Месяц назад
Battery Operations GB: Which optimisation strategies earned the most in October 2024?
How available are battery energy storage systems in ERCOT?
Просмотров 371Месяц назад
How available are battery energy storage systems in ERCOT?
Long-Duration Energy Storage: What could a cap and floor scheme mean for BESS in GB?
Просмотров 773Месяц назад
Long-Duration Energy Storage: What could a cap and floor scheme mean for BESS in GB?
Clean power 2030 - Transmission (Joe Bush - Modo Energy)
Просмотров 2,6 тыс.Месяц назад
Clean power 2030 - Transmission (Joe Bush - Modo Energy)
CAISO Ancillary Services: A beginner's guide
Просмотров 415Месяц назад
CAISO Ancillary Services: A beginner's guide
How much is a battery energy storage system in 2024?
Просмотров 713Месяц назад
How much is a battery energy storage system in 2024?
Battery energy storage revenues increase 26% in October
Просмотров 359Месяц назад
Battery energy storage revenues increase 26% in October
Modo Selects: Offsetting carbon with battery storage - Transmission (Emma Konet: Tierra Climate
Просмотров 9142 месяца назад
Modo Selects: Offsetting carbon with battery storage - Transmission (Emma Konet: Tierra Climate
The Buildout Report GB: Q3 2024 sees highest buildout of the year so far
Просмотров 1812 месяца назад
The Buildout Report GB: Q3 2024 sees highest buildout of the year so far
Are Carbon Emissions Reduced by Batteries in Great Britain?
Просмотров 3152 месяца назад
Are Carbon Emissions Reduced by Batteries in Great Britain?
Battery Costs - Transmission (Aaron Wade: Head of Battery Costs at CRU)
Просмотров 12 тыс.2 месяца назад
Battery Costs - Transmission (Aaron Wade: Head of Battery Costs at CRU)
Very usefully informative! Thank you.
The green energy was so sophisticated in February 2021 that a large majority of Texas was without power.
Which country are you talking about? USA? What is revenue. I've given up on this video.
You are not the target audience.
Let me google that for you: ERCOT --> Texas electrical grid Texas --> state in the USA
Are there any challenges coming from the fact that the additional container may not have the same state-of-health as the original one? I.e., if augmentation occurs at the fourth year of a project, the original cells may have lost a few % of their capacity, while the new ones will be fresh ?
Should make no difference, it will just be just like connecting a 10ah pack in parallel with a 100ah pack where the 100ah pack will just deliver 10x the power of the 10ah pack when pulling power.
Oh, of course, the slowness of the transmission build is the reason the wind generation has "slowed". Not community expectations or demands, or environmental considerations, or the proven capability of nuclear to balance and stabilize. Passed over as a political nothing. This bloke has such a learning about real variability and the precedent of how politics works.
This graph with varying shades of purple is almost illegible
This video appears to be about battery storage projects in Texas, but the word Texas is not mentioned even once. An amusing example of how context can be lost when recommendation systems throw random videos our way.
ERCOT means the texas energy network
As i have said before on this sight the gov departments were informed of the proof of concept test 2016 for a multi turbine hall system yet bsa and most others are disinterested in using this system. why i cant say but the education of the bosses seams to get in the way their told to use my system will make issues to the turbine hall this is not correct
Wind and solar energy combined with battery storage are the future. They are safer, cleaner and cheaper than fossil fuels. Cheaper WINS !
This is very exciting technology.
you are wrong about the energy required by AI. Once SuperIntelligence is reached, the strength of the country will no longer lie in the individuals walking around and going to work, it will lie in the Computers that do the work.
Can we get a piece on how our wind based grid will balance. Alot of push back around this in the press and it would be good to get clarification on the details.
I am so pleased that I went totally off grid about 5 months ago
(1)These pumped storage systems in the past backed up Nuclear and coal, nuclear can not be turned off. Going forward they will be required to back up wind. Bearing in mind that when the wind speed doubles the o/p power from wind turbines trebles .My question to Kate is ,would a variable pump speed generator be a better solution? If the the wind blows harder then the PSU pumps harder and reservoirs fill faster. (2)The upper lakes can suffer from evaporation(although in the British climate this is often replenished).By putting floating solar on the reservoirs evaporation could be reduced substantially. Other advantages would be improved power density, reduced wave height. You could also look at sealing the reservoir to reduce water leakage. The goal, brining energy efficiency above 90%. and eliminating the need for curtailment on the grid.
Here in New Zealand, we are considering a giant pumped hydro scheme. 5 TWhr of storage to help solve our "dry year" problem that occurs every 5-10 years which greatly reduces our existing hydro output causing increased coal burning and 10-50 fold increase in spot prices . The lower lake is in fact a river (our largest by flow rate) and low cost electricity would be used, as and when available, to pump 800m uphill to a natural basin in the hills. Unfortunately, our new "right wing" government has canned further work on the project due to pressure from the existing generator companies(half state owned) that make a fortune when the dry year occurs.
Every country that has a high proportion of wind and solar has very high power prices. Why is that ?
THey dont so provide your evidence?.......we are all waiting....just a link? Go on - I dare you....🙂
@@economistfromhell4877 : You post a link !
Unless there is an energy storage system that no one is talking about, a country cannot run off wind and solar. We do not really have much in the way of geothermal and we are too dry a country to have hydro in any meaningful way other than tassie. You need base load or the house of cards comes crashing down. Our electricity network is dysfunctional to say the least. They proport that we have some advanced electricity market but all it has given us is some of the highest electricity prices in the world.
Excellent introduction but how complex is this NEM. No one takes responsibility and the politicians are left to play short term point scoring games. Makes me want to have Czar to approve and demand these interconnects be built and to timetables that meets community and industry needs. Perhaps we should be inviting the Chinese in to build HVDC and stop all this knuckle dragging from politicians.
I am planning to go off grid next year, so that I can be totally independent of the politically controlled power systems.
What about the working class that can't afford the kit? They have less choice but to face ever increasing retail rates.
You sound like you know what you are talking about. Just one issue is solar, wind and batteries do not do the job. Other than this major flaw you are doing a good job. (Waste of time)
Awesome guest! So knowledgeable and enthusiastic.
Why didn't they discuss the cost of power and why it is so high in Australia ?
I saw a video that said high peaker prices set the total price for Australian grid electricity. Does that mean nuclear electricity prices also peak as the South Australian electricity prices have recently extremely high for those without rooftop PV and home batteries.??
"I saw a video that said high peaker prices set the total price for Australian grid electricity." - After watching the information that was presented in this video, about how the NEM works, do really think it is that simple, or do you think you have been suppled with a serious over simplification. "Does that mean nuclear electricity prices also peak" - If nuclear energy is part of an energy trading system, as are all other energy sources, what would you expect the answer to be?
Great video! Feel like I learned something. Would love a bit less editing, more raw, uncut footage.
That’s deep to think about… Peak versus non-peak electricity usage rates on the same 1 kWh of energy varying in cost
The amount of storage capcity to offset renewables' intermittency is not at all feasible, the required capacity is so large in the order of thousands of gigawatt hours. Storage is useful and does valuable work, but just to assist in grid stability requires a capacity that is only required because of the second and third rate generators we have connected to our grid, wind and solar respectively. In other words the expensive, contrary to government's claim, renewables require even more money from the electricity bills to try and keep the grid stable, when is this going to end? Even then we cannot say we will have a reliable grid as weather is so variable. Government policy on energy has been dreadful for decades and bring us to the current fragile grid we have now. They say renewables are more reliable and secure because we do not rely on foreign countries for our fuel or power yet expand interconnectors! And we are sitting on vast amounts of shale gas and the government do all they can to stifle the existing North sea operations, is there any logic whatsoever? Coal capacity has declined purely because of government policy but subsidies are paid for bio fuel which even emits more CO2 per Mwatt hour than even coal, and they call that green. Fuel from logging in the Americas, further processing and transport and they think that doesn't count? Coal is one of the best and most economical ways of generating electrcity. All this because of the unproven hypothesis that CO2 is altering our weather. Indeed humanity during history prospered when the climate was warm and declined during the cold spells.
It's always the same in this country no one will build anything unless they are guaranteed a high return to cover the costs in say 5 to 10 years these last for a long time how about long term economics, With fixed price contracts for the build, with exemptions like the oil crisis etc.
I thoroughly enjoyed the presentation. The lady certainly knows the subject inside out. Her passion was infectious. There were times however I wasn't sure what language was being spoken. The jargon was confusing and off putting. The TLA'S, Three Letter Abbreviations, were everywhere. Cap and floor was popular, Capex, Devex also. So much was spoken, to me the amateur viewer, which went over my head. I thought the comments at the end resolved some of my confusion. Thank you.
Unfortunately it’s just a complicated field, if someone stopped to explain every term this would have gone on for hours. My suggestion - get the transcript, paste it into chatgpt.
With a few niche exceptions, long duration storage, as related to pumped Hydro, basically means up to a day or two of generation and cycled reasonably frequently to recoup capital investment. In terms of storage capacity it is likely that we would need the equivalent of something in the region of 5,000 Dinorwig facilities (~1.8GW/9GWh) to meet the expected energy storage requirement by 2050. PHS will be neither technically nor economically viable for this scale of storage.
16:00 So wrong. The battery prices are getting so cheap with more and more large scale mining coming online and massive demand from all other transportation sectors. Combine this with a couple for south north UHV lines in Europe and job is done. The tech is all there on all levels, it just needs time for companies to invest and get it build. The only hold up and price driver is dumb and ever changing policies on old ideas.
Interesting take, do you have any resources where I can read up about this? Such as: large scale mining, UHV, technology, companies relucatnce to move away from old ideas?
16:10 You can run the EU grid entirely on "Wind+Solar+Battery+UHV". Please analyse in depth what the Chinese have built!
17:00 Still much cheaper than Hinkley Point C? Have you simulated in the grid what battery power plants can do, or is this all still guess work with totally old assumption, where kWh prices were at $1000?
14:00 That's why battery power plants are needed, *much much cheaper* (factor 5-10) than building power lines!
OMG so stoked for this!
Very insightful discussion!
It seems obvious that the great glen with Lock Ness and Lock Lochy is an ideal region for pumped storage. There are high hills north and south of the glen and the volume of Lough Ness is massive. The construction of reservoirs will be expensive and you will need specific topography and stable rock strata. High voltage dc power lines will be needed to conduct the power to where it is needed. If you want to rely on wind and solar you need pumped storage and nuclear.
Pumped hydro is massively expensive just look at the failed attempts to see it's problems.
But in the right locations it works and works well. Once you have built, it is quite cheap to run. @@buildmotosykletist1987
@@buildmotosykletist1987but once you have built. It works for decades and it is cheap to run.
@@patdbean : Nope. You are thinking of "Hydro" NOT "Pumped Hydro" which is very maintenance heavy.
@@buildmotosykletist1987 why is pumped hydro so much more costly? The big pumped storage station in Wales has been running since the early 1980s In That time dungeness B has come and gone.
Flow batteries can provide 6-10 hour storage and the Oxford Energy Super hub uses them in conjunction with lithium ion batteries to give grid stabilisation alongside energy storage. 40 MWh of Invinity Energy flow batteries have been seleced as one of six technologies by the government for the LoDES (long duration energy storage) Stream 1 demonstration project.
Pumped hydro storage is the best but limited in where it’s feasible. Possibly the next best, I suggest, is combining green hydrogen and atmospheric nitrogen to make ammonia, Amonia provides a cheap easy way to transport and store hydrogen. Hydrogen can be separated from the nitrogen of the amonia using fuel cells and then used as a clean combustible fuel. I need to do some research to find out the overall efficiency of this energy storage method.
Ammonia is a complete bastard to deal with: toxicity and corrosiveness make sure the safety procedures will be expensive and prone to costly human errors. Read Paul Martin from Spitfire Consulting on it, he's a venerable chemical engineer and has looked into it carefully. As for PHS, the limits of its feasibility have probably been exaggerated: look up Australian National University's study, they now have a global atlas with various durations.
"What's up guys" doesn't really come across as professional.
This background music is p1ssing me off. I'll probably end up deleting the rest of the videos.
FYI: Since the start of the war in Eastern Europe, EU law requires the gas storage tanks to be filled to 90% by November 1st. (So higher than the 80% Seb mentions). This year they were at 95% full by November 1st. This is about 100 bcm of gas storage, representing about one third of EU annual gas consumption.
Hi why do you think of EOS Energy ? And Z3 batteries ? Thanks
41:06 First nuclear fan, not gas power fan, what's wrong with this moderator? Why so desparate to drive up energy prices for German consumers and businesses? Should you stay in Brexznit UK and explain how Hinkley Point C drives up the energy costs for the rest of this century? How come he is in this business and not aware, how China, Hawaii and other places are reducing their energy costs?
If you want to make energy cheaper, why are you guys for nuclear power, considering the cost explosion of Hinkley Point C???
Haven’t had a nuclear expert on - will look into it, thanks Think there’s is a limited role for nuclear on transmission grids, France for example continues to power UK for much of the year with their excess
Yes look at germany they have soo cheap power👍 and the nordic and france are not help there grid. And they are soo good for the climate not started coal plant. You have to look at death per kwh. Coal is not cause canser and not radioactive.
@@EdPorterModo There is no excess, they can provide cheaper than the oil and gas and coal power in the UK and certainly much cheaper than the new Hinkley Point C
@@lis0028 Coal is incredibly polluting!
34:00 Now she is in lala-land! Batteries are so cheap, they will provide all the energy storage needed on every level, from the tiny earpiece to the scale of nuclear powerplants...
Think batteries will dominate everything up to 10 hours, think there’s a case for PH if you have hills, an inertia need and have system need for say 30 hours of duration
As Kate repetitively said, we need a lot of everything if we're going to decarbonise our complex grid. I agree. In terms of timescales, Hydro schemes operate for +100 years vs different Battery chemistries that currently last between 5 and 30 years vs Nuclear lasting say 60 years. If you take a long term view, Batteries and Nuclear come with a multiplier. In terms of deployment, Hydro's could be operational in 1 - 5 years (depending on their size) v Battery storage with similar or shorter timeframes (depending on supply) v Hinkley Point C at 17-18 years. Nuclear has another multiplier. Batteries store power, Nuclear generates power, Hydro has the capability of doing both. We also have environmental impact assessments, scaleability issues, affordability, operational constraints, decommissioning etc etc etc. to consider. It'd be great if there was a simple solution to this huge problem, but there isn't. I'm agnostic to workable solutions. But they do need to work and be scaleable within the timeframe we have for our rapidly dwindling carbon budget. And let's not forget, time is not on our side.
@@mikeKirwin No, you don't understand how the grid works. Batteries don't just store power, they also provide power to stabilise and expand the grid in it's ability. Batteries in a grid act like power plant. I don't have the numbers for the UK, but for Germany, which is twice the size and has no nuclear anymore: Germany now has applications to plug into the grid over 100x the current battery capacity. That's enough to power over 125 million homes. Germany only has 45 million homes. The Chinese produce batteries where over 98% of all delivered raw materials go into the shipped battery. Northvolt (T junk managers) couldn't get over 60% and went bankrupt. Just another play to rip off tax payer money! Do the math: Currently installed in Germany is 1.7GW. Applied for 160GW this year alone. Total need to move the entire grid to renewables is about 500GW now and more later on for all the EVs and other usage. A single 20 foot container from CATL, LGChem, etc, with grid connection ready battery holds 5MW power. A single large container ship can hold 16000 40 foot containers, or 32000 20 foot containers. That means to install 500GW power in Germany, we only need 4 container ships full of these batteries from China, job done! The costs: All these batteries for current costs are about 100 billion. That sounds like much, but the estimated costs for enhancing the grid, which is mostly not necessary anymore was estimated to be over 700 billion. Once the dust settles and it becomes clear to all actors, nobody touches anything else but "Wind+Solar+Battery+UHV" because it is cheaper than anything else!
@@cyberslim7955 You make some interesting observations but I think you make this sound far easier than it is. How long do you think it would take China to manufacture and export 4 x container ships full of nothing other than batteries to install and bring online just in Germany? And then the rest of the world??? How big would the capacity need to be to get your country through a becalmed three weeks in the middle of winter??? To be clear, I think we need all the wind, solar and batteries as possible. But would this be enough? Having lived off grid (where we run our own grid) since 2012, with solar PV, micro hydro, battery bank and fire wood, my experience is that switching from fossil fuels to renewables is difficult. Only with a change in lifestyle, energy efficiencies and home renovation have we just about made this possible. But then we don't manufacture anything, we still drive ICE vehicles, cook on LPG and are only self sufficient in maybe 30% of our own food.
@@EdPorterModo batteries will eventually dominate everything to 100 h, why? Price! Why price so cheap? 1 because big mining companies around the world come online with big mining projects. That means prices will keep falling! 2. Chinese manufactures get over 98% raw materials into the shipped battery, that means no waste in an highly automized manufacturing process. 3. Chinese economy currently is standing on it's last leg - the export industry. Every official on every level is focused to expanding it. So rolling overcapacities will keep the price low and the ability to produce whatever raw material they can get. Expert says price long term is $20 per kWh for current manufacturers to stay in the business! You guys should do the math. If you need 500GW of battery, you need 100000 20ft containers. This is 4 full container ships and currently would be around 100 billion. That is cheap comparing to the cost of building lots of power lines...
Lithium batteries are hopelessly uneconomic for long-term grid scale storage. For the cost of 4GWh of battery storage you could build a gas-fired power station that can supply 40GWh of energy per day, day after day, week after week. The government's own plan for a de-carbonised electricity grid accepts that gas-generation capacity will be required well beyond 2030.
Are the recently disused mines in the Selby area being consided for pumped storage hydro schemes?
I’ve not seen that - one of the new PH sites is an old coal mine though in Scotland. The other option for old mines is gravitational but it’s at an early technology readiness level as it isn’t commercially viable yet
@@EdPorterModo seen that map by Australian National University? Lots of A-grade options, unless you're in Germany 😀
More nuclear? Crazy!!! Hinkley Point C, over 15Cent per kWh production cost! Google it! How can a host like this be so grossly uninformed! Shocking!!!
30:00 We don't need these old powerplants, we need battery power plants to replace them ASAP.
25:00 Dynamic tariffs are coming in Germany, but they are not what we want/need. We need battery power plants, in order to make the grid much, much larger, much much more robust without expanding cables...
Co-location with hydrogen generation and batteries would be ways to burnish the bottom line. Hybrid business plans can be marked differences in profit streams.
Hydrogen gen in Scotland makes sense if they can get lower prices for the location… which is currently limited by a national price Not sure if I see the co-locate with PH; but in the same geography, yes.