Even in US, $100/kwh retail battery price points with bms, 48v, exist. Utility scale in rest of world is much cheaper. China is $51/kwh for a containerized full battery solution with (4 hour) inverter. At 7% ROI (to pay for full 30 year mortgage on LFP batteries as that is their life expectancy at slow charge/discharge rates) means just 1c/kwh discharge profit is required to pay for $55/kwh batteries. Similar calculation for just 4 sun hours/day. $600/kw installation costs at 7% ROI, means 3c/kwh daytime electricity rates.
There’s not just exponential growth as @Hellgruen@lemmy.zip pointed out, it is dumb to do anything else.
Ok man good luck with that. Since the economy is so overwhelmingly in your favor, we should see battery capacity outpace energy need growth any time now.
Not sure if you are actually pretending its out of reach. China’s battery additions including EVs is 39% of massive electricity production increases. Rate of growth in battery sales about double while energy growth is 5-8% range. That is much easier for any country that isn’t the absolute global manufacturing nexus.
Even in US, $100/kwh retail battery price points with bms, 48v, exist. Utility scale in rest of world is much cheaper. China is $51/kwh for a containerized full battery solution with (4 hour) inverter. At 7% ROI (to pay for full 30 year mortgage on LFP batteries as that is their life expectancy at slow charge/discharge rates) means just 1c/kwh discharge profit is required to pay for $55/kwh batteries. Similar calculation for just 4 sun hours/day. $600/kw installation costs at 7% ROI, means 3c/kwh daytime electricity rates.
There’s not just exponential growth as @Hellgruen@lemmy.zip pointed out, it is dumb to do anything else.
Ok man good luck with that. Since the economy is so overwhelmingly in your favor, we should see battery capacity outpace energy need growth any time now.
Not sure if you are actually pretending its out of reach. China’s battery additions including EVs is 39% of massive electricity production increases. Rate of growth in battery sales about double while energy growth is 5-8% range. That is much easier for any country that isn’t the absolute global manufacturing nexus.