Earlier quoted context omitted.
They are [1]. It’s a self reinforcing cycle. For example, batteries are already cheaper than most gas peakers. That demand (along with EVs demand, primarily Tesla) ramps manufacturing capacity, realizing further cost declines along the way. Remember, the sun and wind are free once the turbines and panels are installed (both which last at least two decades). That’s what fossil and nuclear are competing against, and it…
Yes, the capacity is increasing. But there's still a massive disconnect between the amount of battery storage required to make renewables usable and the capacity that exists. The link I posted already factors in increasing demand, but the amount of battery production in these projections is still orders of magnitude lower than what is requires. 3 weeks of energy storage in the US works out to 240 TWh given its daily…
1. Instantaneous excess can electrolyse water, producing hydrogen which can be converted into methane and stored/used in existing natural gas systems.
2. Overcapacity in good times implies proportionally higher production in bad times, lowering the storage requirements.