Superior batteries are on the way, and they could disrupt power markets within the next decade—Sooner Than You Think.
By Tom Randall, Sep 13, 2017
The idea is that grid-sized versions might be used to store excess wind and solar power, smoothing out the peaks and valleys of the electricity supply. There’s just one problem: Batteries are still way too expensive when stacked up against cheap coal and natural gas. Today, less than one-tenth of one percent of the world’s electricity spends any time in a storage battery.
The question is: How far will battery prices tumble, and will it all happen in time to help wipe fossil fuels off the grid? That’s the subject of the latest installment of Bloomberg’s animated web series, Sooner Than You Think, which examines some of the biggest transformations in human history that haven’t happened quite yet.
As we build more electric cars and electricity storage, the cost of batteries plummets. Prices have dropped by half just since 2014. If this learning curve continues, a widespread transformation of power grids could begin within this decade. Cheap solar and wind power will spread ever faster—now backed by batteries.
The timing of new technologies is difficult to predict, but it may not be long before the battery revolution becomes impossible to ignore.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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