Why cheap natural gas is thwarting the battery and energy storage revolutionThe installation of energy storage in the United States, especially at the scale of the electricity grid, might already be much further along if not for one major countervailing economic factor. The problem is that energy storage competes quite directly in many cases with natural gas, and in recent years, natural gas prices have been quite low. That’s been thwarting storage adoptions even though, in the long run, and especially from an environmental perspective, more storage would be a desirable option. “Since 2008,the energy storage industry has faced an unfortunate trend: as the new storage technologies have become ready for the market and the more mature technologies have lowered their costs, the decreasing cost of natural gas has been reducing the potential revenue of energy storage.”
Indeed, if you take the logic one step further, what this means is that the so-called “fracking” revolution, which has given us plentiful and affordable natural gas, may have thwarted a very different revolution — in energy storage. “Hydrofracking has resulted in cheap natural gas, and that cheap natural gas has really stunted the growth of the storage industry, and really set it back a couple of years.”
when natural gas is cheaper, storage systems just aren’t as valuable, and their operators can’t make as much profit. For instance, having a large battery on the grid to unleash power when demand peaks in the afternoon and evening makes less sense if it’s relatively cheap to just fire up a natural gas plant at that time instead.
This doesn’t mean, to be sure, that the storage industry is finished — far from it. It’s actually having a very good year, though it remains quite small. So storage isn’t doomed, but natural gas prices seem to have delivered a significant setback. “The thesis would be that if natural gas prices had stayed at the level they were in 2007, there would be a lot more energy storage now. So the energy storage industry just kind of took a punch in the gut to some degree, and they’re doing fine recovering out of this, but they’d probably be doing better if that hadn’t happened.”
Renewable Energy Was 16.9 Percent of US Electric Generation in the First Half of 2016Renewable energy in the U.S. through the first half of 2016, including hydro-electric power, biomass, geothermal, wind, and solar (including distributed solar), provided 16.9 percent of electricity generation. In all of 2015, that number was 13.7 percent. Non-hydro renewable energy was 9.2 percent of U.S. electric generation through the first half of 2016. For all of 2015 it was 7.6 percent.
Since June, numerous large-scale wind and solar plants have already been completed. More are under construction. So renewable energy generation will rise even higher by year’s end. Next year looks to be even better. With thousands of megawatts of solar and wind under construction, 2017 could see non-hydro renewable energy rise to well over 10 percent of U.S. electric generation.
For renewable energy, growth is occurring in virtually all 50 states, as new wind and solar installations are placed into service. Every region is enjoying this growth. Requests for interconnection to utilities throughout the country are now primarily for wind and solar projects.
In Iowa, wind power is rivaling coal as the top source of electric generation. By 2017, Iowa may become the first U.S. state in history to generate a majority of its power from wind.
Wind energy generation doubled between 2010 and 2015. Solar energy generation increased by more than 20 times between those years. By the end of 2017 solar energy will likely double 2015 generation.
I can't see that happening at present levels of consumption. 1The construction program required would be enormous and already well behind any plausible scheduled.KaiserJeep wrote:This seems to be the appropriate thread to discuss whether or not the USA can achieve a 100% renewable energy goal by 2050. It is becoming increasingly popular, California is actually targeting 2045. Reading this article piqued my interest:
https://spectrum.ieee.org/energy/the-smarter-grid/big-customers-demand-100-percent-renewablesand-utilities-look-set-to-deliver
My view is that this is doable if we are committed. But even if we failed miserably and only transitioned 75% of the power grid to renewables, the remaining supplies of coal/oil/gas would represent a supply that would last 3X as long as the present outlook.
baha wrote:In the end, I think govt incentives and mandates are just there to give momentum. The economics takes over before the mandated time and it all happens automatically. At least I hope so
ROCKMAN wrote:vt - Same old question: why should 100% renewables by any date be a goal? Has anyone every suggest 100% NG by some date? Imagine the boost to the economy if just 30% of all US electricity came from renewable. And in addition to stronger energy security we could be exporting more NG to a world where demand while likely increase.
StarvingLion wrote:Junkables = ng turbine starting and stopping ruining equipment and sitting idle most of the time while the wind fraudsters collect the phoney money.
Fail.
"It takes more time for Junkables to mature".
Like never.
Total fraud.
Shale Well = 1/25th of normal well.
WindMillScam = broken and not working at all.
Battery powered Bulldozers will be working pushing all the dead humans into the pits.
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