Wednesday, November 7, 2018
The cost of energy storage has stalled adoption of renewable power. Energy Vault has a solution. – TechCrunch
Because solar and wind power are now cheaper to produce than energy from fossil fuels, the only obstacle that remains to the mass adoption of renewable power is the amount of money utilities need to spend to store the energy those systems produce. Right now, storing 100 megawatts of renewable energy (enough to power roughly 600,000 homes) means spending roughly $65.6 million on massive batteries
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