[epistasis]

Batteries are getting cheaper all the time as we get better at manufacturing them, and we haven't hit the inflection point on cost decreases yet, and we haven't scaled lithium production yet. And we haven't fully developed other chemistries such as iron-air that promise to be even cheaper than lithium ion and have far higher capacity/power ratios.

Chemical storage of energy is highly inefficient, which is fine when we have super super cheap energy, but the capital costs of conversion and storage will probably require nearly continuous usage of the, say, electrolyzers in order to make the storage project feasible.

Perhaps you are right, and I really appreciate you laying out your reasoning, but I would bet otherwise about grid storage! None of the players for doing alternatives are anywhere near market ready, and batteries are being deployed today. As they get cheaper they will be deployed even more.

[ncmncm]

Batteries are also chemical storage, but I guess you mean synthetic fuels. Their cheap tankage, easy transportability, and ready sale value forgive a great deal of inefficiency. If not drawn down every night, efficiency hardly matters. Overnight storage wants efficiency and unlimited cycles. But transmission lines will probably end up preferred where available.

Buoyancy storage, where deep water is ready to hand, and mineshaft storage, where you have one, will be very, very cheap and efficient. Transmission lines mean such conveniences need not be especially nearby. But Europe is absolutely perforated with mineshafts.

Besides smoothing, there is very little use for storage yet, because we haven't got enough to charge it from. Charging storage from NG turbines would be worse than silly. So, we build out generating capacity first, then storage.