Earlier quoted context omitted.
Note as this is crazy overkill I am ignoring battery and lithium shortages of actually trying to do this. Any such transition would aim to minimize such costs. This is also not the kind of thing you do in a weekend long term pricing is required. Batteries are predicted to cost 62$/kWh or 62 Billion$ per tWh in 2030 assuming no supply shortages. We can’t build anywhere near that many batteries by then, so it seems lik…
> Batteries are predicted to cost 62$/kWh (...) Who predicts that? National Renewable Energy Laboratory[1] summarizes the predictions, and the average of predictions is $200/kWh in 2030, which is already more than triple of your estimate. > or 62 Billion$ per tWh in 2030 assuming no supply shortages. It is convenient to assume perfectly elastic supply, yes. > US annual electricity usage is ~4,000TWh Why do you consid…
Also, pretending we suddenly need to replace all sources of energy from PV power that’s then stored in batteries is crackpot territory. Part of those 101 quads are fuel used to generate electricity at sub 40% thermal efficiency. We don’t need generate electricity to replace the energy from fuel used to generate electricity.
Further, batteries only store electricity and it’s silly to pretend they are part of the loop for jet fuel which is also part of that 101 quads estimate in these calculations. Hell even using electricity rather than fuel oil to heat your house uses less energy via a heat pump.
As to prices, I think we are comparing apples to oranges here. If you want to design a system that takes AC power from the grid coverts it to DC for storage on a battery and then back to AC your adding far more than just batteries. But, if you’re producing PV power on site that’s DC so it would need it’s own DC to AC converter as well as equipment to connect to the electric grid and regulate production. This all adds up to significantly reduced prices when packaged together. So when I say battery prices are already under 200$/mWh I mean Battery prices.
“In March, an analysis of more than 7000 global storage projects by Bloomberg New Energy Finance reported that the cost of utility-scale lithium-ion batteries had fallen by 76% since 2012, and by 35% in just the past 18 months, to $187 per MWh” So even today we are beating your 2030 estimate. https://www.sciencemag.org/news/2019/07/giant-batteries-and-...
PS: The article makes it’s own estimate at 900GWh of batteries being sufficient for 100% rentable electricity generation using some other set of assumptions.