As storage becomes more common the high low electricity price differential will close. There will be a cost in testing and repackaging batteries so not free. But otherwise yes, the reuse of car batteries into other purposes is a logical, overdue, step.
Designing the cars to be more easily repairable and thus extending their useful life would be another desirable step.
No doubt a profitable exercise but not nearly as profitable as the author expects. Big margins always attract competition. However the wholesale market is an entirely different beast and potentially more profitable. But this margin is likely to close rather than widen.
Coal and nuclear will not have a place in the 2030’s. Dinosaurs with the inability to quickly change.
The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, as renewable energy generation expands.
The excess energy made by solar panels and wind farms will be stored in the facility and resupplied to the National Grid to stabilise the system or when there’s high demand.
As storage becomes more common the high low electricity price differential will close. There will be a cost in testing and repackaging batteries so not free. But otherwise yes, the reuse of car batteries into other purposes is a logical, overdue, step.
Designing the cars to be more easily repairable and thus extending their useful life would be another desirable step.
No doubt a profitable exercise but not nearly as profitable as the author expects. Big margins always attract competition. However the wholesale market is an entirely different beast and potentially more profitable. But this margin is likely to close rather than widen.
Coal and nuclear will not have a place in the 2030’s. Dinosaurs with the inability to quickly change.
Wow, they could really have done with someone who wasn’t trying to imitate a robot to narrate this.
somewhat caffeinated
The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, as renewable energy generation expands.
https://www.usnews.com/news/technology/articles/2020-06-02/use-of-battery-power-storage-seen-accelerating-to-2030-and-beyond-woodmac
The excess energy made by solar panels and wind farms will be stored in the facility and resupplied to the National Grid to stabilise the system or when there’s high demand.
https://www.energylivenews.com/2020/06/02/somerset-switches-on-ground-breaking-energy-storage-facility/