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Soeren Hansen: Why wind and solar will not work | Tom Nelson Pod #110

Tom Nelson

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The Cost of a Battery

grid scale projects cost in the period 2013 to 2018 around 1500 US dollars per kilowatt hour. The latest contracts have according to my information been made at around 600 US dollars per Kilowatthour. And no matter how you scale it for whole country, for whole region or whatever, this is the price range we're looking at. We're looking at multiples of the gross domestic product. So batteries is a problem also. Now other storage systems based on molten salt and hot stones and so on and all of them have the problem that the energy losses are very big. That's why lithium is actually going up so we should not be too optimistic regarding the price.

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