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by landryraccoon 633 days ago
If they are still building a ton of coal they’re making a colossally foolish mistake.

Solar is already far cheaper than coal for new installations, and the price is still falling.

1 comments

They're building coal peaker plants to complement the massive amount of solar they're building. The capacity factor of their coal plants has halved at the same time the number of plants has doubled -- those coal plants just run at night.

Up until this year coal has been cheaper than batteries for this task. That changed this year and they're now building some very large battery farms and i invasive their coal builds will drop.

> That changed this year and they're now building some very large battery farms and i invasive their coal builds will drop.

This is an under-considered point: just because energy sources like coal or solar, etc. are being installed NOW doesn't mean they will be there forever. Here in the UK, there is often a lot of opposition to solar and wind farms. But I would expect those eventually to be phased out in the same way as coal once better/cheaper forms of generation come along.

With all of the AI demands for electricity, as well as the strategic importance of 24/7 power production, you should not hold your breath for coal plants to be decommissioned.
Literally on the day you posted that comment:

https://www.theguardian.com/business/2024/sep/30/end-of-an-e...

AI and crypto uses a lot of electricity in relative terms, not in absolute terms.

If AI and crypto use 2% of a country's electricity, that's a big deal relative to the average growth in electricity usage of 1% per annum.

But the challenge is converting 100% of the power to carbon-free. If you can do 100% you can do 102%.