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by ben_w
1564 days ago
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PV is so cheap the efficiency is the least important part of this. PV without batteries is the cheapest power source on earth, bids in the order of single US ¢ / kWh, but last I saw batteries had LCOE comparable with nuclear reactors (about 15¢/kWh in 2020). I’m certainly hopeful that batteries will improve, but right now even a mere 10% efficient process for turning electricity into gasoline and then burning it is still useful as both heating and aviation fuel, and just about on the edge of useful as strategic diversity for nations that don’t want to limit strategic energy storage to just batteries. |
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Heating is waaay more efficient with heat pumps. Aviation... Well who can still afford it...
There are other forms of storage as well, e.g. hydro, heat storage, and many more
I'm not saying it doesn't have it's uses, but efficiency is important