> “Places that have excess energy could make iron, and others can buy it. This way, you could commodify renewable energy so it can be globally distributed without the need for transmission lines. Metals can solve a big problem in the renewable energy transition: long-duration energy storage.” My gut feeling is that transmission lines would still be cheaper. That being said long-term storage seems to be the value prop…
Transmission lines are great for moving electricity, but only if there's demand for that electricity _right now_. Otherwise, you have to store it - which is a problem, because battery tech right now isn't great (or rather, it's not good enough for grid-scale requirements) . This iron powder could be thought of as a "battery". It might be harder to move than compared to a transmission line, but it's _stored_ energy and can be redeemed at a later time.