Check out https://en.m.wikipedia.org/wiki/Hornsdale_Power_Reserve
63days from start to completion. Paid itself off in 2 years. Saved consumers well over $100million/yr across the state in power bill reductions (only 1.8million people in that state and this is after the battery owners took their profit).
There's really nothing but positives from grid scale batteries. They cut out all those <0 and >100x price fluctuations on the grid and the payoff for investors is ridiculous right now.
Australia's expected to 20x it's grid connected battery capacity between 2024 and 2027. The growth in battery storage is ridiculous since the costs have come down. https://elements.visualcapitalist.com/top-20-countries-by-ba...
> There's really nothing but positives from grid scale batteries
I'm pretty sure they have a matching number of positives and negatives.
I wonder if that growth comes from grid-scale batteries or from domestic installations. There are huge government incentives for installing a home battery system and connecting it to a VPP, so I wonder if the policy is focused at the domestic or grid level.