The Anonymous Widower

Report: Gravity-Based Energy Storage Could Prove Cheaper Than Batteries

The title of this post, is the same as this article on Business Green.

This is said.

Storing energy by suspending weights in disused mine shafts could be cheaper than batteries for balancing the grid, new research has found.

According to a report by analysts at Imperial College London and seen by BusinessGreen, gravity-fed energy storage systems can provide frequency response at a cost cheaper than most other storage solutions.

 

This was the conclusions of the Imperial College report.

According to the paper, gravity-fed storage providing frequency response costs $141 per kW, compared to $154 for a lithium-ion battery, $187 for lead acid batteries and $312 for flywheel.

Despite its high upfront cost, the paper argued that unlike battery-based storage systems, gravity-fed solutions have a long lifespan of more than 50 years and aren’t subject to degradation. This means they could cycle several times a day – allowing them to ‘stack revenues’ from different sources.

I always puzzle why this idea hasn’t been seriously tried before.

April 19, 2018 - Posted by | World | ,

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