The Great Simplification with Nate Hagens cover image

Graham Palmer: "Energy Storage and Civilization: A History”

The Great Simplification with Nate Hagens

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Energy Storage and its Connection to the Financial System

This chapter explores the connection between energy storage and monetary storage, speculating on how the financial system will have to evolve as the energy system changes. It discusses Australia's vulnerability in terms of energy security and the need to plan for a more intermittent and costly energy future. The chapter also discusses the impact of storage on the Energy Return on Investment (E.R.O.I.) of intermittent energy sources and the feasibility of achieving 100% renewable energy without natural gas.

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