The cost of producing renewable energy using solar and wind has been dropping sharply over the years so that it is now comparable and often even cheaper that energy produced using fossil fuels. So why hasn’t it taken over the energy sector completely? The reason is that when it comes to renewable energy, there is an extra cost that fossil-fuel based power plants do not have and that is the cost of storing the energy and this has to be factored in as well.
It is energy in the form of electric current that drives all our devices but the problem with current is that it cannot be stored as current because as it flows in wires, it dissipates its energy as heat. (Superconductors don’t have any resistance and thus do not lose any heat but the commercial applications of that are far off in the future.) The production of current has to exactly match the use of current at every moment. The…
Tackling the problem of renewable energy storage
