• Wanderer@lemm.ee
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    6 months ago

    The renewables movement will be won on finances and nothing else.

    It is anticipated that the project will yield an internal rate of return on capital of about 16.38%, with a payback period of around 7.1 years.

    That sounds really promising.

  • Diplomjodler@lemmy.world
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    6 months ago

    The specs certainly look impressive. Let’s hope this thing works as designed. Definitely a promising approach.

    • hitmyspot@aussie.zone
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      6 months ago

      The tldr says 72% efficient. If it can store excess solar or wind from times they are not in use and release at times of higher demand, it should be great.

      Better is always on the road to perfect.

      • kaboom36@ani.social
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        6 months ago

        Yeah that isn’t as horrible as I had initially thought, though its still not great

        You are right though something is better than nothing, but I wonder how this facilities cost compares to an equivalent battery storage facility

        • wewbull@feddit.uk
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          6 months ago

          In all of this, we need diversity. Diversity of generation sources (solar, wind, tidal, etc). Diversity of storage (Chemical batteries, compressed air batteries, pumped hydro, etc). Each will have different sweet spots; cost vs reaction time vs capacity vs efficiency.

          Try not to dismiss a technology just because it’s not the whole solution. Nothing ever is. They all contribute a part to the big picture.

        • Diplomjodler@lemmy.world
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          6 months ago

          Well, no. The round trip efficiency of pumped hydro is terrible. And flywheels aren’t scalable. 72% is pretty decent and I’m sure that can still be improved.

          • Skua@kbin.social
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            6 months ago

            Round trip efficiency of modern pumped storage hydro is about 80%. How is that horrible if 72% is decent?

            Pumped hydro obviously does have drawbacks in that it requires you to have the water and suitable landscape available to dedicate to it, but efficiency doesn’t seem to be one of them

            • wewbull@feddit.uk
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              6 months ago

              Energy density is terrible of pumped hydro, plus you have the environmental impact; tunnel out the inside of a mountain, place a generator hall in there, and then flood a valley. Sure it look ok at the end of it, but huge damage has to be done each time. All of that coats large sums of money too, and it can only be done in a relatively small number of locations. Step 1. You need a mountain to pump the water up.

              Compressed air batteries are a lot more energy dense, so smaller footprint, so much lower environmental Impact / cheaper and they don’t rely on particular geographic features to work. They might be a bit less efficient, but that seems like a good trade to me.

          • Captain Aggravated@sh.itjust.works
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            6 months ago

            What does “a good heat exchanger” look like in this case? You compress air, the pump heats up, so you ventilate it to keep it cool. The air in the tank is hot, and starts to cool as it sits in the tank, and this causes a decrease in pressure, which is why even with no leaks a shop air compressor will run for awhile, stop, then after awhile cut back on again.

            I get that I’m applying a shop tech’s “machines that I can move with a hand truck” understanding to factory-size operations here but…

        • wewbull@feddit.uk
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          6 months ago

          It would take 460 Tesla Megapack 2 XLs to be the same capacity as this. The biggest deployment so far of those is about 200 Megapacks 1 giving 450MWh capacity vs 1,800MWh for this.

          The lithium batteries can supply the same power (300MW) and cost $160M. This cost $207M, so quite a lot cheaper given 4x the capacity.

  • AutoTL;DR@lemmings.worldB
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    6 months ago

    This is the best summary I could come up with:


    Chinese developer ZCGN has completed the construction of a 300 MW compressed air energy storage (CAES) facility in Feicheng, China’s Shandong province.

    Previously, the largest CAES facility was a 100 MW project switched on in October 2022 by the Institute of Engineering Thermophysics of the Chinese Academy of Sciences, also in China’s Hebei province.

    It claimed that the facility was 30% cheaper than the 100 MW project built by the Institute of Engineering Thermophysics and said its overall efficiency is 72%.

    The $207.8 million facility boasts an energy storage capacity of 300 MW/1,800 MWh and occupies an area of approximately 100,000 m2.

    The facility has an estimated annual electricity generation of 600 TWh and is projected to save about 189,000 tons of standard coal consumption.

    The project’s investor has disclosed plans to offer various ancillary services to generate revenue through participation in China’s electricity trading market.


    The original article contains 362 words, the summary contains 146 words. Saved 60%. I’m a bot and I’m open source!