1. Energy Storage Association Chief Responds to Former US Energy Secretary Comments

    Energy Storage Association Chief Responds to Former US Energy Secretary Comments

    Kelly Speakes-Backman, CEO of ESA told Power Engineering International, that commentators should note the continuing decline in the price of the technology, and also the need to invest more in research and development to bolster its capabilities. Professor Chu, who served during the Obama administration, was reported in the Australian as saying that the huge lithium-ion battery built in South Australia by Tesla boss Elon Musk had cost about 40 times as much as an equivalent power plant using an existing hydro-electric dam. He said while the costs of building battery plants were likely to halve over the next decade, the approach would never be cheap enough to accommodate the big seasonal shifts in renewable power production.

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