Electricity storage has the potential to change the dynamic of the industry by giving small renewable energy providers the ability to bank energy when the sun is shining or the wind is blowing, such that they can then reliably offer a consistent amount of energy to the grid.
To anyone who really knows the numbers, it’s fairly clear that Renewable Energy sources will not be the dominant player in the post-fossil fuel energy market. That spot belongs to Nuclear Power.
There. I’ve said it.
This is a rather controversial statement for a number of reasons, but no matter how you look at it, when you take fossil fuels off the table, you are pretty much left with nuclear power, and renewable sources, and in terms of profitability, renewables just can’t compete.
Right now, Nuclear is for the most part, cost competitive with Coal, but the initial costs associated with constructing a nuclear plant, in addition to the constant fighting with opposition groups has made coal more attractive in the short term.
Meanwhile, the costs associated with renewables are more complicated. A lot is made out of the fact that installing, say, 2 MW of solar or wind capacity…
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