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Depending on my party affiliation, should I like this or hate this? I'm a little unsure and would appreciate some partisan reassurance.
They also estimate that the system would cost about half as much as pumped hydroelectric storage — the cheapest form of grid-scale energy storage to date.
the cost of batteries continues to plummet, while the cost of pumped hydroelectricity only goes higher.
Strategist saysthe cost of batteries continues to plummet, while the cost of pumped hydroelectricity only goes higher.
The sheer amount of energy that will be stored at the Hoover Dam probably justifies the project. One would need to build a lot of batteries to store that volume of energy -- battery raw material prices would skyrocket.
Actually, the cost of batteries goes down with volume, just like every other new technology.
Strategist saysActually, the cost of batteries goes down with volume, just like every other new technology.
I meant that cost of raw materials (rare earth metals, etc) may go up if the volume is sufficiently high. Even though rare earths are not that rare, they are not easy and economical to extract. Supply of many elements is limited, or we have limited places where mining makes economical sense.
Strategist saysActually, the cost of batteries goes down with volume, just like every other new technology.
I meant that cost of raw materials (rare earth metals, etc) may go up if the volume is sufficiently high. Even though rare earths are not that rare, they are not easy and economical to extract. Supply of many elements is limited, or we have limited places where mining makes economical sense.
Sure, but most breakthroughs start as research. Seems promising.
we are suffocating trees
The further we can get away from oil, the better, to reduce both ecological harm and Islamic terrorism.