Originally Posted By: Vikas
Here is the video that I was trying to find. It is very interesting prediction.
There are few flaws with the video contents:
1. Elon Musk in 2014 said that he expected to reduce the cost by 30% when the gigafactory starts producing Li-on battery cell onsite, using either Lithium mines in Nevada or import from Chile or elsewhere, not 30-50% or more as claimed by the speaker.
2. After 2020 when battery costs less than $200 per kWh then it doesn't make economic sense to build new "peaker(s)", but does it make sense to spend billions for batteries to replace perfectly working "peakers" ?
3. At 6 min 15 second speaker talks about "storage as service" to businesses. This will work only for a percentage of businesses who use their service. If they provide batteries to all utility's customers, peak demand will shift from hot afternoon summer to midnight when all batteries are charging. Power companies are not so dumb and they will not take a lost everyday, they will shift the high cost from day to night.
4. Something isn't right about Texas utility company Oncor plan to invest $5 Billion to batteries. Oncor isn't a power company it is a transmission and distribution company. This $5 Billion investment will save its customers on average a whopping 34 cents a month, from $180 to $179.66.
Saving of 34 cents is about 2kWh a month, nobody can control their power usage down to less than 5 kWh a month. Month to month power usage varies more than 20-30 kWh. The whopping 34 cents in saving is no more noise.
Quote:
Oncor hired the Brattle Group to analyze the impact of $5.2 billion invested in distributed, utility-controlled batteries. The Boston-based consulting group reported that ERCOT could see positive impacts from up to 5 gigawatts of “grid-integrated, distributed electricity storage,” based on the presumption that battery prices will fall to $350 per kilowatt-hour, about half the cost of the cheapest lithium-ion batteries available today (PDF). At those prices, Oncor’s distributed storage fleet could drive average Texas residential power bills down by 34 cents to $179.66 a month, according to the report.
http://www.greentechmedia.com/articles/r...tributed-Energy
Back to Dubai, the so called "peakers" are used every summer day from 2-3 PM till 9-10 PM. To replace all "peakers" they may need to invest many billions US Dollars for storage to be able to satisfy demand during hot summer months.