Between this and CATLs $10/KWh Sodium battery, its game over for fossil fuel based economies.
Readit Newsthelastgallon commented on Building ultra cheap energy storage for solar PV austinvernon.substack.com... · Posted by u/theptip
As low as $10/KWh
thelastgallon commented on Standard Thermal: Energy Storage 500x Cheaper Than Batteries austinvernon.site/blog/st... · Posted by u/pfdietz
Dupe: Building Ultra Cheap Energy Storage for Solar PV
https://news.ycombinator.com/item?id=44998441
thelastgallon commented on The US Department of Agriculture Bans Support for Renewables insideclimatenews.org/new... · Posted by u/mooreds
Next up: Ban all electric cars. Then ban all electricity. Standard Oil became the biggest company selling kerosene for lamps. We need to restore status quo!
thelastgallon commented on How well does the money laundering control system work? journals.uchicago.edu/doi... · Posted by u/PaulHoule
Crypto replaces all other money laundering schemes. This is the only use case for crypto. Easiest to hold anywhere, move across borders, don't even need freeports or anything physical.
Crypto is also the currency of corruption. Easiest way to pay/accept bribes by creating $myshitcoin.
thelastgallon commented on How well does the money laundering control system work? journals.uchicago.edu/doi... · Posted by u/PaulHoule
> Then there is the case of international terrorism, where bands like ISIS have been noted for their laundering of cultural antiquities.
Reminds me of True Lies.
Wouldn't it be more efficient to centralize the generation of electricity and take advantage of economies of scale?
Centralized generation is the riskiest for any economy. The targets to bomb (or local drones) are very well known and super easy to disrupt the entire economy. Solar on every roof is the most resilient and cheapest form of energy.
Centralization leads to economies of lobbying scale, well connected super rich can oil the machinery to suit their purpose, maximize wealth extraction from everyone, resulting in monopolies/oligopolies, laws to remove competition, laws to maximize profit (with pretenses of protecting people).
Warren Buffett does not own utilities out of the goodness of his heart, they are such spigots of money with zero competition.
> This is great news. If costs climb rapidly, homeowners will switch to […]
And what about renters (who are, in the US, often the poorer)?
Electricity is an input to industrial and commercial operations, so if companies see their costs rise, they will probably raise prices to maintain margin: this will feed into higher prices everywhere (all goods and services).
> And what about renters (who are, in the US, often the poorer)?
Then the apartment owners have another revenue stream, build a mini-grid and offer electricity cheaper than the grid. They already do many add-on services for additional revenue: garages, trash pickup, etc.
> Electricity is an input to industrial and commercial operations, so if companies see their costs rise, they will probably raise prices to maintain margin: this will feed into higher prices everywhere (all goods and services).
All production will continue to move to China, which has built and continues to build vast amounts of cheap electricity and infrastructure.