German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.
Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand."
Oh no, communism. 🙃
Meaning, energy storage farms could be a business?
Only if Germany changes existing legislation on power taxation. And do check out for how much a TWh of grid scale storage goes for. Hydrogen is the only borderline cost effective solution at the scale required.
Neat. Now watch everyone collectively forget about it the very second nuclear power is brought up.
The whole point of bringing up nuclear power is that that its output is constant.
The whole point of this article is that renewable electricity production sometimes grows so much that there’s not enough storage.
Yes, you can’t just count integrated production, because without necessary storage it’s just wasted. At best.
I don’t get why it is relevant. Energy is cheap and abundant today almkst everywhere that isn’t sanctioned or a warzone.
But, but, AI!
Is that why their heavy industry collapsed? Cheap power?
https://www.politico.eu/article/europe-energy-bills-germany-brussels-pipeline-prices/
Still 40 cents per Kwh?
The article says declining, not collapsed. The EU says it has to move quickly but with a potential shift (due to right-wing and conservative parties regaining power) from renewables to nuclear that could fail.
I mean the reason for why this happened is clear, Europe always relied on cheap Russian gas which is, at least for people who have just a sliver of humanity, a no go and there is no cheap replacement except for renewables. I guess if the Germans would have invested in renewables earlier on this whole issue would not exist.
but the BILD owned magazine so nicely spread the propaganda
