The costly renewables reality gap. 50 per cent renewables means a $278B investment in batteries (on top of cost of reneables that have already exceeded $72 billion). Snowy little better. Madness!!!
@alan_john_moran
@SteveW2308
Nah, Snowy 2 makes the financial case for batteries a basket case! And, even with 50% renewables, pumping up water in pumped hydro will be done using our coal powered energy plants, making them more profitable. Snowy 2 is indirectly subsidising coal! Or nuclear in the future.
@alan_john_moran
Great thread, so many things to think about. RE is being peddled in a very one-sided fashion which will only lead to disappointment later if all the actual issues are not considered! As one statesman recently put it, "Honey, is the wind blowing? I want to watch TV." 😊
@alan_john_moran
SA got rid of coal with no increase in gas (backup) use, and one small $92m battery ($37m Gov grant) lowered retail power bills by $40m last year.
@alan_john_moran
Madness alright. Batteries are crap. Try the theory.
Power =Voltage x Current "I" .
You cannot store more than VxI. V is tiny & so is I current. Get real. Batteries dont work to store Power. The mimimum cost is $200 for 80 AHr. 1 kwhr. Works 100 times makes it $2/kwhr extra.
@alan_john_moran
at least I know my maths was right, I calculated $500B for batteries for the whole of Australia. But then that's every 5-10 years given battery life. Or less?