alt Hacker NewsPumped storage hydro is extremely cheap and efficient and has been around for more than a century. LiFePo4 batteries are now cheap enough that they're a cost-competitive alternative. Flywheel storage plugs the inertia gap nicely.
The tech exists - it's mostly just a matter of political will. The economics already justify it. People are making considerable money by starting up BESSs (Battery Energy Storage Systems) and doing time arbitrage on energy.
cf. Iberia, who recently learned that effective storage and intertial pick-up is integral to a stable and efficient power network, and are now spending heavily on both.
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Cheap as in "requires proper location and the destruction of ecology on large scale" cheap?
Edit:
https://www.nsenergybusiness.com/features/energy-storage-ana...
To cover Europe's need you only need to build 70 1.5 GW hydroelectric stations at a cost of $92 billion (in reality much higher) while greatly damaging ecology in large areas.
(The link has rather detailed info)
> Pumped storage hydro
It's a pipedream. Yes it's cheap and efficient, but it requires the geography and the will to destroy a local ecosystem.
BESS is what will ultimately win. It's pretty energy dense and it can be deployed on pretty much any junk land location. The only fight you'll have is with the neighbors who don't like it.
My power company, Idaho power, is deploying a 200MWh BESS on a slice of land they've owned for decades near one of their substations. The hardest part has been the permitting (which is now done).