While the cost of renewable energies such as wind and solar have come down greatly in recent years, low availability continues to handicap renewable energy in certain energy markets.
In this article, I will examine the great growth opportunities in renewable energy for vanadium batteries in the $27 billion off-grid energy market.
Cost of Electricity by Source (from Wikipedia)
"In November 2015, the investment bank Lazard headquartered in New York, published a study on the current electricity production costs of photovoltaics in the US compared to conventional power generators. The best large-scale photovoltaic power plants can produce electricity at 50 USD per MWh. The upper limit at 60 USD per MWh. In comparison, coal-fired plants are between 65 USD and $150 per MWh, nuclear power at 97 USD per MWh. Small photovoltaic power plants on roofs of houses are still at 184-300 USD per MWh, but which can do without electricity transport costs. Onshore wind turbines are 32-77 USD per MWh. One drawback is the intermittency of solar and wind power. The study suggests a solution in batteries as a storage, but these are still expensive so far.
Below is the complete list of LCOEs by source from the investment bank Lazard.
Very long article at link
Tuesday January 24, 2017 14:45
http://www.kitco.com/commentaries/2017-01-24/Vanadium-Batteries-to-Power-27-billion-Off-Grid-Energy-Market.html
