[snordgren]

Here in Europe peak electric prices have been far above $1/kWh, rising to around $7/kWh in the worst-hit regions.

Due to the build-out of wind power we have also had a few nights of negative electricity prices in recent months.

If we had a hydrogen energy storage facility, it could probably have recouped quite a portion of its capital costs this year, depending on its scale. Europe will not be building much base load power in the coming years, so the imbalance of the grid will only continue to rise, allowing for more business opportunities in the energy storage sector.

[Retric]

Europe is experiencing those prices due to a dependence on fuels it doesn’t produce and a lack of daily energy storage.

Extrapoatgng prices to stay the same when you swap energy sources and introduce two different kinds of large scale energy sources is clearly wrong.

Ultra low or ultra high prices will represent a small chunk wholesale prices after you construct long term storage. You can’t build equipment that’s utilized 0.01% of the time and expect significant profit.