Climate Crusaders Weigh In On The Cost Of Energy From Renewables
/If you’ve been keeping up here, you know that my previous two posts have been “How Much Do The Climate Crusaders Plan To Increase Your Costs Of Electricity? -- Part III,” and “How Much Do The Climate Crusaders Plan To Increase Your Costs Of Electricity -- Part IV.” The basic issue is that the promoters of electricity from wind and solar sources don’t seem to have any idea of how big a problem intermittency poses. If you hypothesize an electricity system powered only by wind and solar sources, with batteries to store energy from times of excess generation and release it in times of low generation, how much will the costs of the necessary batteries increase your costs of electricity? It turns out that enormous amounts of energy must be stored, and the batteries become by far the driving cost of the overall system. Reasonable calculations based on currently-available battery technology, even with assumed cost declines from ongoing improvements, lead to results indicating that the cost of the batteries will increase your price of electricity by a factor of perhaps 15 or 20 or more — and that’s before solving a collection of additional engineering problems that may drive the cost up still further.
So surely the climate crusaders are on top of this issue, and are ready with an answer. Let’s tune in to a few of them and see what they have to say.
For example, the number one climate crusader of all is Tom Steyer, hedge fund genius and self-made multi-billionaire, who puts hundreds of millions of his personal wealth into political campaigns promoting “renewable” energy sources. . . .
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