That's a compound annual price reduction rate of 21%, maintained over an 8-year period! In energy technology, only solar PV comes close.https://twitter.com/BloombergNEF/status/1075410072283594753 …
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In UK it’s >60% gas today...WWF say that for windless days like today in UK there is no alternative to gas and they are spot on. What is the plan for windless week back up in NL from 2030?pic.twitter.com/LgkCo1y9Iv
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2030 probably still fossil gas. Later perhaps hydrogen.
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H2 made from fossil gas with CCS as promoted in UK?
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Could be a start. Gradually more green hydrogen, from renewable electricity, will become available.
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Thousands? What price It would have to reach to be competitive on it's own ? Coupled with renewables would be less
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Batteries will never be competitive for long term storage. E.g. hydrogen much more promising candidate for that.
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We need to distinguish between stored energy and stored electricity. Stored energy extracted as heat, will be cheap to get out of gas. However, getting electricity out of gas could add significantly to the cost of stored electricity. Hydrogen and fuel cells could be the way?
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