The plunge in oil prices that began in mid-2014 has been relentless. It has pushed a clutch of oil-exporting nations into deficit spending, hobbled Russia’s ambitions, and altered the calculus behind Iran’s nuclear program.
This is one of best articles that i have read on this subject and is based on a book, that i am certainly going to buy. it looks at all sides of the argument relating to off grid electric Storage Batteries and other fuels of the future.
Storage Batteries will be in the big future energy mix
The original source for the article that I have curated comes from an excellent book called; The Powerhouse-Inside the invention of a battery to save world.
The race is on from governments and universities to come up with better Storage Batteries, that if nothing else will store the energy that we can now harvest from the sun. I am not talking about
anything small as far as batteries go, but huge electrical storage systems that will be grid sized.
These Storage Batteries will be just as important as the continuous drive to find new oil and gas fields and the exploration of shale gas. The big bug bare for the Storage Batteries, is the high cost, we have only to look at the Lithium-Ion car batteries to see this, the batteries account for a third of the cost to make the whole vehicle. The cost though has started to come down as battery improvements are continuously made and this along with more stringent emission regulations for the petrol driven cars, will level out the playing field by 2024.
The largest maker of the EV car batteries at the moment are Japan and South Korea, but it is expected that as more cars and therefor batteries, then the USA and China will be more interested in manufacturing these batteries, bringing down the unit price of the battery and the car.
Batteries will replace a large amount of oil consumption
Apart from the auto industry Storage Batteries grid systems could replace millions of barrels of oil a day. I was surprised and shocked at the fact that a small country likes the UK, where I live burns gas and oil to operate the power stations that supply the national grid with electricity. If we had giant Storage Batteries grids then by storing the electricity that we get from solar panel farms and wind turbine farms. We would be saving billions of pounds in energy imports.
I have noticed that we are starting to build very large solar panel farms in the middle of our countryside, but the electricity that is created, just joins the grid network.
We would also reduce the amount of greenhouse gasses and make the planet more environmentally friendly by building huge battery storage facilities, it can be done on a smaller scale, as there are a few islands that are totally supplied with electricity from solar energy a and a battery storage system. These islands were once relying on a power supply from the mainland, or larger islands, but this was unreliable in bad weather and storms, where the supply would be cut, but they are now self-sufficient, and so I do believe that larger facilities to store huge amounts of electricity can be achieved with the willpower from governments, making us more less reliant on importing oil.
This article in Foreign Affairs.com goes into extreme depth and I recommend that the guys in LinkedIn battery groups take a read of it. Thanks Eric Roberts
Please note these are the words and opinion of the author (Eric Roberts) only. Neither the author nor the website can be held responsible for any errors or omissions. You should seek professional assistance if in doubt about your choice of battery. The article may contain a link to Batteriesontheweb where you can buy battery products online.