Energy Storage—A Trillion-Dollar Holy Grail

February 27, 2020

 

The science of renewable energy is remarkable—the ability to harness nature to magically power our modern world is a seductive vision. And yet, the actual business of renewable energy is late to establish itself as a viable competitor to the petrochemical industry. The problem is rooted in cost parity and the challenges of production, storage, and disposal (Figure 1). To use the industry’s fancier and totally sensible term, it’s the math of levelized cost of energy (LCOE) that we can’t figure out.

 

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