It’s already cheaper to build a new solar or wind farm than a coal plant. But when the sun isn’t shining and the wind isn’t blowing, renewable electricity can still be fairly expensive to store–even though the cost of batteries is dropping. If the world shifted to 100% renewable electricity right now, we might pay more on electric bills. A new solution that uses basic physics could cut the cost of storage in half, or by as much as 80% over the total life of the system. It makes it possible for renewable power to be cheaper than fossil fuels all day, every day of the year, everywhere. “Our solution, for the first time, will enable the world to achieve this,” says Robert Piconi, CEO and cofounder of Energy Vault , the startup that developed the new system. Tata Power, the giant Indian electric utility, will be the first customer. [Image: courtesy Energy Vault] Energy Vault, based in California and Switzerland, took inspiration from the way that some dams store energy–hydro plants pump water uphill when energy demand is low, and then produce energy by turning turbines as the water flows back down. The system works, but only in […]
Can these 35-ton bricks solve renewable energy’s biggest problem?
Latest Articles from Happy Eco News
Six Portuguese youth file ‘unprecedented’ climate lawsuit against 33 countries
In the first climate case to be filed with the European Court of Human Rights, six Portuguese youth argue inadequate emissions cuts violate their...
E-Bikers Ride Much Farther and More Frequently Than Regular Bikers
Amriphoto/ Getty Images People used to complain that using an e-bike was "cheating," which I thought was dead and gone, writing a post two...
Energy Kites Are the Soaring Alternative to Windmills
Airborne wind energy systems are still experimental, capturing the wind where it's fastest After hydropower, wind is the second-biggest source of renewable electricity in...
