GregLocock
Automotive
- Apr 10, 2001
- 23,367
The economics of wind+solar+storage are so bad you don't even need to think about the cost of the wind+solar bit.
So, the Royal Society estimates that the UK needs 11 weeks back up for W+S, and has invented a new and unproven industry to provide that.
So when the dust settles over the fairy stories, let's look at the USA.
Say baseload is 300 GW
Say, because USA, they only need 1 week of backup, and they'll use Tesla type batteries.
So, 1week @300 GW is 50 000 GWh. Let's feed these into the system over 15 years. Annual spend is hence $3T per year (at a rather optimistic installed price of $1 per Wh)
That is roughly 2/3 of Federal revenue. Every year for 15 years
But after 15 years the first year's batteries will have reached EoL, so will have to be retired and replaced. So the USAn energy user is up for $3T per year in perpetuity, plus financing, plus profit, which more or less doubles the price.
Alternatively you can build 60 of these over 15 years, ie 4 per year
at a cost of $T 0.13 per year, and at the end of 15 years you'll have 300 GW of baseload more or less free for the next several decades.
But just for fun 300GW of wind and solar will need say 450 GW of wind and 600 GW of solar, another lazy $T2+++ of repeating expenditure every 20 years. Current fleet is around <late edit, previous values didn't pass the smell test> 150 and 139 GW respectively.
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376
So, the Royal Society estimates that the UK needs 11 weeks back up for W+S, and has invented a new and unproven industry to provide that.
So when the dust settles over the fairy stories, let's look at the USA.
Say baseload is 300 GW
Say, because USA, they only need 1 week of backup, and they'll use Tesla type batteries.
So, 1week @300 GW is 50 000 GWh. Let's feed these into the system over 15 years. Annual spend is hence $3T per year (at a rather optimistic installed price of $1 per Wh)
That is roughly 2/3 of Federal revenue. Every year for 15 years
But after 15 years the first year's batteries will have reached EoL, so will have to be retired and replaced. So the USAn energy user is up for $3T per year in perpetuity, plus financing, plus profit, which more or less doubles the price.
Alternatively you can build 60 of these over 15 years, ie 4 per year
at a cost of $T 0.13 per year, and at the end of 15 years you'll have 300 GW of baseload more or less free for the next several decades.
But just for fun 300GW of wind and solar will need say 450 GW of wind and 600 GW of solar, another lazy $T2+++ of repeating expenditure every 20 years. Current fleet is around <late edit, previous values didn't pass the smell test> 150 and 139 GW respectively.
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376