this post was submitted on 02 Oct 2024
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Paying billions for mega projects to save millions on cheap electricity makes no sense.
Napkin math gravity battery Last figures I found are from 2022 the costs storing 1GW 24 hours is $150 per installed kWh
My apartment has an estimated electricity consumption annually of 2000kWh, I'll need to store half that for $150 per kWh in a structure that lasts 100 years without maintenance, then crumbles into dust and needs to be rebuilt. It would average out to $1500 per year.
My current electricity bill is about $600 per year.
2000kwh a YEAR? Do you live in 70° weather year around and have all gas utilities or what?
No. It's district heating and not included on the electricity bill. I live north of the Arctic circle and a house from the same year with a heat pump would use an order of magnitude more.
The example was meant to highlight the absurd costs despite ludicrously favorable assumptions.
Interesting. For reference, I use more than that most months, but I live in Texas and it is very very hot.