I Interested In Alternative Energy
The cost of battery storage is accelerating the demand for battery storage. And that is driving a sea change in the utility industry. Unthinkable just a few years ago, building new wind and solar farms coupled with battery storage is now less expensive than constructing new generating facilities powered by natural gas. They are also less expensive than continuing to operate nuclear or coal powered plants.
In the utility industry, investments often take 3 to 4 decades to pay off. The idea of closing down existing facilities in favor of new renewable plus storage options means trillions of dollars in existing investments are at risk. No wonder there is strong resistance to renewables plus storage by some utility companies anxious to protect their existing facilities.
In the utility industry, investments often take 3 to 4 decades to pay off. The idea of closing down existing facilities in favor of new renewable plus storage options means trillions of dollars in existing investments are at risk. No wonder there is strong resistance to renewables plus storage by some utility companies anxious to protect their existing facilities.