Mastodawn

So, even with all the continuing fossil fuel (and related generation) subsidies renewables are starting to out-compete them! This is very good news.

https://www.reuters.com/business/energy/giant-batteries-drain-economics-gas-power-plants-2023-11-21/

#ClimateChange #gaspower #renewables #powerstorage

Giant batteries drain economics of gas power plants

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.

Reuters

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Benjohn Nov 22, 2023

@AthanSpod I'm reasonably optimistic we'll see a lot of this starting to happen.

Renewables are getting cheaper and cheaper. Fossil fuels will not.

Distorting markets to ignore this and continue with the established consensus will become more and more expensive, so that distortion can't continue indefinitely.

I think we're already seeing the limits of it.