I am glad you are changing your view somewhat from "not possible within 20 years" to "ok, it can be installed in 6-10years, but planning and approvals wont happen before 2030"... IMO thats progress.
FYI - 3.6Gw Dogger Bank Offshore wind farm in UK started construction this year (2022)... it will be operational by 2026.
load shifting is what BESS (65-75% efficient), PH (new setups 75-80% efficient), compressed air (65-75% efficiency), gravity (claimed 80%+) do, (hydrogen will also be a storage option to allow load shifting) ... of course there is loss - what needs to be done is to find / develop technology which leads to the least loss per MW of storage.
current use shows that they are making 100% profit - selling power at double what they paid for it... this information is already readily available on NEM.... the do it, because they can.
Until AEMO put a mechanism in place that limits the ability of a dispatchable generator from determining when and at what price they sell their generation for... rather compensates them for making it available on demand - at a set price (by day bid etc), I cannot see this changing..
IMO in NEM 2.0
PH operational costs would likely price them:
(cheapest --> most expensive)
1. solar
2. wind
3. wave (if it ever gets there)
4. PH
5. BESS (Lithium, flow)
6. gas
7. diesel
8. oil
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I am glad you are changing your view somewhat from "not possible...
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$9.74 |
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