Quote:
Originally Posted by DoubleK
I'm seeing proposals for Wind/Solar hybrids + energy storage that are looking at bidding into capacity auctions. While 100% of the output wouldn't be dispatchable, it would be considered baseload power.
They are close on price, but not quite economic yet.
|
Are they economic with a price on carbon (I know you're talking about in the US where there is no carbon price)?
Battery prices are absolutely tumbling as are PV modules due to insane oversupply. CATL has said their prices for their lithium phosphate batteries will be USD$56/kWh this year. For context, it was $128 in 2022 and $107 in 2023. PV module prices are already 20% lower in April than even just December. Nuts!
The US has high tariffs of course for these cheap Chinese products, but this will mean Even more aggressive build out globally. Solar PV manufacturing capacity is expected to be 1100 GW in 2024 and 1300 GW in 2025. Last year 400 GW were installed and at last 550 GW this year. Crazy oversupply with warehouse full and companies having negative margins just to keep factories open. Batteries are even worse. Batteries prices will fall by 50% this year due to an absolutely massive oversupply with a still giant pipeline of new production capacity to come online.
I don't think it'll be long before we see unsubsidized "baseload" PV/battery +/- wind being very competitive