Julien Jomaux Profile picture
Jun 5 10 tweets 4 min read Twitter logo Read on Twitter
Will large-scale #batteries store the energy when it is cheap and sell it back when expensive? My short answer is no.
A short thread. (1/10) Image
Volatility is on the rise with renewables, especially solar. Just check what happened last week in Europe. Very low and negative prices all other Europe for lunch. (2/10) Image
Solar was clearly one of the main factors. The residual load in Germany getting close to zero (negative in the Netherlands). (3/10) Image
So, we are at the age of the canyon curve... (4/10) Image
Should we install large-scale batteries to store excess energy and gives it back during the evening?
No, it is far from making economic sense today (happy to discuss assumptions). Basically, one spread per day is not enough to justify investing in large-scale batteries. (5/10) Image
I am not the only one to say that, I believe. @iain_staffell (6/10) Image
Or check the calculated revenues in this great study (sciencedirect.com/science/articl…). Far from justifying investing in large-scale batteries. (7/10) Image
Should we do any large-scale batteries? Yes, we should! But not for energy arbitrage...but for power reserves, very-short term portfolio management (balancing, intraday), renewables integration, grid congestion, ... Just not to store a lot of energy and give it back later. (8/10)
But probably the true potential is with Electric Vehicles. The stored energy would be much larger...of course, these batteries are not primarily made for that, so the potential is much lower. Still, great potential...if we have incitative tariffs. (9/10) @RWTH Image
If you like this thread, you can follow my work here: (10/10) Image

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More from @JomauxJulien

Jun 6
Have you heard about the cannibalization effect of renewables? And especially for solar?

Let me explain quickly. (1/x)

Thanks @LionHirth @BurggrabenH @DoombergT for some inspiration in my work.
And thanks @energy_charts for the great charts and data
Solar is set to increase fast. REPowerEU: 750 GW by 2030, Medium scenario of SolarPower Europe: 920 GW. Today, we are a bit more than 200 GW. So, a huge increase indeed. (2/12) Image
But what's happening when the sun is shining? Simple, the market prices are dropping. Here is the residual load in DE (load - wind - PV). This is for 2023. Please note that it looks like an accelerated decrease below 20 GW of residual load. (3/12) Image
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