The future of storage looks incredible12 Mar 2021 13:46
Shared from the KDNC BB
Here's the top level summary if anyone is interested. If this is shared more wildly it really could be an emperor's got no clothes moment for the industry... I wonder if our BoD are aware? @Kiran?
https://www.rethinkx.com/energy-lcoe
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A large and rapidly-expanding global financial bubble now exists around conventional coal, gas, nuclear, and hydro power energy assets. This bubble has in part been created by mainstream energy analyses that have, for the last decade, significantly underestimated the levelized cost of electricity (LCOE) from conventional power plants because they assume these plants will be able to successfully sell the same quantity of electricity each year from now through 2040 and beyond. This assumption has been false for at least ten years. The rates at which conventional power plants are utilized will continue to decrease as competitive pressure from near-zero marginal cost solar photovoltaic and onshore wind power, and battery energy storage continue to grow exponentially worldwide.
Since 2010, the LCOE figures published in mainstream analyses and used by policymakers, regulators, civic leaders, utilities, asset owners, and investors have significantly underestimated the actual cost of electricity generated by prospective coal, gas, nuclear, and hydro power plants. This in turn means that conventional energy asset valuations are heavily overstated. Fundamental valuation of an asset is based on expected future cash flows that are, in turn, dependent upon projected revenues and costs. The projected revenues and costs of any power plant are dependent upon its assumed capacity factor (or utilization rate), which is the fraction of its generating capacity it is actually able to produce and sell.
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