Big Batteries, page-74

And beyond the slings and arrows of (outrageous) AVL prices and misleadimg sharesn Hot Copper ….
.... There may have been some pointy talk at the G7  get together in Turin, Italy last weekend as global political energy ‘brains’ applied themselves with nutting through the problem of coming up with the means to create six times more electricity storage power than was  currently available in 2022 by 2030 …
https://www.g7italy.it/en/g7-ministers-meeting-on-climate-energy-and-environment/

https://www.ft.com/content/ffd38d2b-4679-42e6-a883-3063cfbca716
G7 to target sixfold expansion of electricity storage

Attracta Mooney and Kenza Bryan in London and Alice Hancock in Brussels
APRIL 26 2024

Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supply


Climate ministers want to increase the capacity to store intermittent sources of power supply, such as wind © Getty Images

G7 countries are set to agree a global target this weekend to increase electricity storage capacity sixfold from 2022 to 2030, as countries grapple with how to keep the lights on while shifting to intermittent wind and solar power.

Ahead of a two-day meeting starting on Sunday, climate ministers have “agreed in principle” a global goal for electricity storage capacity of 1,500 gigawatts in 2030, up from 230GW in 2022, according to a draft document seen by the Financial Times.

That includes the use of batteries, hydrogen, water or other solutions to store electricity.
There are fraught discussions on several other areas, with coal among the most contentious, along with energy efficiency and methane targets. Japan in particular has pushed back against an ambitious shift away from coal.
The current text, which has not been agreed, says countries should phase out the use of coal power from which emissions are not captured shortly after 2035. Under new rules unveiled by the US on Thursday, coal plants planning to stay open beyond 2039 will have to cut or capture 90 per cent of their carbon dioxide emissions by 2032.

The talks mark the first time G7 energy and climate ministers have met since almost 200 countries agreed at the UN COP28 climate talks in December to “transition away” from fossil fuels. At the meeting in Dubai they also agreed to double energy efficiency and triple renewable energy capacity by 2030.
The burning of fossil fuels is by far the biggest contributor to global warming, but the shift to renewables has raised major questions about energy supplies at times when the wind is not blowing and the sun is not shining.   One official involved in the G7 talks said the energy storage target was a “good” solution and showed that countries were taking the agreement reached in Dubai seriously by focusing on implementation. Energy storage aims to stockpile excess energy when conditions for renewables are optimal, using options such as batteries, then discharge it as necessary. etc

https://www.ft.com/content/ffd38d2b-4679-42e6-a883-3063cfbca716