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Showing results for tags 'battery technology'.
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Here's an interesting article on how renewable energy can cause power prices to go negative: Power Prices Go Negative in Germany, a Positive for Energy Users. This story also reveals how our energy grids and battery technology is lagging behind the explosive growth of renewables in recent years. Thanks to low demand coupled with unseasonably warm weather and strong breezes over the weekend, wind power in Germany produced so much electricity that power prices dropped below zero "for much of Sunday and the early hours of Christmas Day". Ordinary consumers like you and me never experienced this price dip, but it's not the first example (and far from the last) of negative power prices in energy markets that have invested heavily in cleaner and renewable sources of electricity. These negative power prices show how our technology and our power grids have not yet been able to adapt to the increasing amounts of renewable energy being produced. Mainly it's our battery and distribution technologies that are lagging behind: But while we wait for further advancements in battery capacity and investments into smarter and better energy grids, we can still do a lot to mitigate these uneven effects: It's also worth pointing out, I think, that renewable energy is a decentralized energy source and doesn't work like older, larger and more centralized forms of energy. Renewable energy requires a different approach, where the consumers are also the producers of the power generated.