STO 1.42% $6.92 santos limited

News: STO COLUMN-Australia bucks the global trend, goes with natural gas over renewables: Russell, page-5

  1. 4,121 Posts.
    lightbulb Created with Sketch. 95
    What a croc. The 50MW tesla battery in South Australia cost the state $100 million US with a 7-10 year lifespan.
    Its use is miniscule to the eastern grid.Battery storage has a long way to go before becoming economically viable. Hydro requires height and water volume because potential energy equals mass times gravity times height.
    (gravity is a constant)
    Yes solar and wind are here but what is the most economically viable to cover for dips. Gas!!!
    When are these f%#king greens realise money doesn't grow on trees and the biggest consideration before projects get signed off is COST!
    Grow up!
 
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