I do not agree. Battery systems are being installed now completely separate from renewable energy projects. The peak shaving cost of buying electricity during the night and selling during the day peak is already cost justified without subsidy.
I know you are correct that these are being built separate from renewables as you yourself work on those projects.
For these projects, are those costs operating only or do they include all-in costs including capital? Are tax schemes which favor renewables including tax credits also within the economic justifications?
Are these new base load situations that do not include the cost of shutting down natural gas and coal as well? I see almost zero chance an economic case can be made to replace coal or natural gas with solar and wind with energy storage. The incremental economics to justify are just not there.
It may be I am overlooking one thing: the need to have a backup natural gas generator to deliver power during the night-time or when wind is not blowing could be perhaps diminished should proper storage solutions be at hand. Is that it?
But only usable once unlike pumped storage, batteries or others.
Those stored energy molecules of coal and natural gas, unlike stored energy generated by batteries, are much more efficiently transported to the place of usage. You well know electricity transmission is woefully inefficient.
Mandates are part of the reality. I do not support them but I also do not pretend they do not exist.
The reality is that there are mandates that favor one industry over another. Just guess how many renewables projects would be constructed if natural gas and coal projects had the same level of mandates and tax credits available to them?
So you predict those will all go away? Wishful thinking or real predicting?
This is a statement from the article you sent, not my words. All I did was quote what they said the basis for their predictions are. Renewable tax credits has nothing whatsoever remotely to do with true economics as it is a distortion.
Any company that bases its projects on tax credits being in place will most certainly fail over time as those can always be taken away. The underlying project economics that are supported without them will always be more efficient in a capitalistic society and the proper way to compare alternative ways to generate power.