alt Hacker NewsWow this is a massive arbitrage play. Big proponent of BESS but 5 GW of batteries to buy cheap wind and sell at a higher price is a wild bet.
Must have a lot of grants and government money for this one to pencil out.
Replies
ahartmetz • yesterday at 10:46 PM
Why wild bet? It seems to be a safe bet that intermittent solar and wind availability will continue to create huge price swings, which storage can exploit and reduce to almost everyone's everyone's benefit. The investment just takes a while to break even, that's all. And with LFP or other long life battery technology, it will pay off for quite a while after break-even.
Not at all a wild bet. German electricity prices *routinely* swing by over 150€/MWh on a daily basis year round. That's a massive spread to make money off of.
For a good chunk of the year (April through to October), the prices even go negative at mid-day most days of the week. This will pay itself off very quickly