Thanks, Ed. I recently computed the cost of battery storage for the UK based on 2022 power demand and generation out turns. Assuming current electricity demand was supplied from wind and solar, we'd need 16 terrawatt-hours of storage costing £3.3 trillion, increasing Levelised Cost of Electricity from £50/GWh to over £600/GWh.
Thanks, Ed. I recently computed the cost of battery storage for the UK based on 2022 power demand and generation out turns. Assuming current electricity demand was supplied from wind and solar, we'd need 16 terrawatt-hours of storage costing £3.3 trillion, increasing Levelised Cost of Electricity from £50/GWh to over £600/GWh.
https://www.linkedin.com/pulse/renewable-electricity-now-cheaper-than-fossil-fuel-33-richard-lyon/