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by sir_bearington
1943 days ago
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California has already saturated the daytime energy demand on sunny days. So does Hawaii. The market forces already exist. But people aren't building storage. Because it's not feasible, short of a decisive breakthrough in storage technology. Maybe one of the proposed storage solutions will pan out. But building out trillions of dollars of infrastructure projects on the hope that a future breakthrough will make storage feasible is very risky. Fusion has been 10-20 years away for the past 50 years. General artificial intelligence has been 10-20 years away for the past 50 years. Between: 1. Going with a known solution, that already generates more electricity than solar and wind combined and one we have 70 years of experience working with. 2. Going with a solution contingent on a massive technological breakthrough to actually work. When the stakes are as high as climate change, I cannot even remotely justify going with #2 over #1 even if the costs are potentially lower on paper. |
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And that is a recent thing there. The global market is still developing, and technologies don't materialize instantly. CO2 taxes are still low (or zero) just about everywhere.
But hey, I hope you are also not going to claim nuclear will be cheaper in the future, because I could reflect that argument right back at you. And I could observe that, unlike with renewables and storage, nuclear has a horribly bad historical experience curve.
> Maybe one of the proposed storage solutions will pan out. But building out trillions of dollars of infrastructure projects on the hope that a future breakthrough will make storage feasible is very risky.
It's only a $$$ risk. We absolutely know the storage is possible, we just haven't confirmed how cheap it will be. Worst case is we spend a bit more. This is fine. Investments are not guarantees; one is always gambling.