It was recently mentioned that we need to LEARN from the mistakes of other countries, with respect to renewable energy. Would someone care to explain the logic behind building an entirely ‘new’ storage and transport system for renewable energy? Why is this not seen as the final ‘nail in the coffin’ for this industry? How ‘green’ will this storage system be? How many ‘greenbacks’ will the development cost? And, how, exactly do you plan to manufacture such things when your electricity rates are rising for your manufacturers that rely on the constant, reliable fossil fuels? This is completely ILLogical. Cheap, reliable energy is what pulls people and countries out of poverty because companies can grow, build, and employ. Expensive energy will shut everything down…or move it to China. China recently announced plans to accelerate their development of energy from Thorium. Their target completion dates have been moved up from 20 to 10 years…..
(UK)Under existing market arrangements, if an energy company generating electricity is unable to supply its power to the grid because it is not required it is entitled to constraint payments….
Dr Tim Fox, Head of Energy and Environment at the Institution of Mechanical Engineers, said:
“We know that energy bills are going to rise in future, but unless we invest in energy storage technology these constraint payments are set to become an unnecessary additional cost for the consumer.
“The issue of constraint payments has become a recurring concern of consumers, as they are effectively funding the non supply of electricity from a range of generation technologies, and the fact that millions are currently handed out to wind farms has highlighted a potential challenge for the future.
“At the moment constraint payments for renewable based electricity generation makes up a relatively small proportion of the total, but as the installed capacity of these technologies increases in the future the issue of such payments will likely become of growing public concern. Virtually any form of energy storage could help alleviate this problem, by allowing surplus generation from intermittent renewable sources to be stored by power providers until needed for use at a different time when demand exists.
“But the need is not just for electricity generation, which only makes up around 26% of UK energy demand, we also require storage for the bigger demands for heat and transport as they transition to renewable sources.
“The intermittency challenge of renewable sources arises from the fact that the wind does not always blow, the sun does not always shine and the waves are not always in motion at times when consumers demand electricity. Equally, the converse is also true, in that consumer demand for power can be low when renewable energy sources are highly active.”…
via Wind farm operators set to receive millions more to turn off their turbines – with consumers footing the bill.