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Excerpt from How To Dodge The Fake News Amid Energy Headlines by Michael Lynch, Forbes, Dec 11, 2017: Let’s start with electric cars. Grist.org notes, “Electric cars are so popular we’re running out of plugs,” while oilprice.com says, “Electric car threat to oil is wildly overstated.” A careful reader might argue that the two are not mutually exclusive: We could be running out of chargers at the same time that the potential oil displacement is being exaggerated. But if you are an advocate of electric vehicles, you will cite the first; a skeptic, the second.
This is a propaganda piece for the fossil industry with almost no factual accuracy -- even the WSJ knows better. For example: "Adequate storage for electricity is not feasible in any reasonable timeframe" and "The article quotes Matthew Jones, lead analyst for EU Power, as saying that low or zero-emissions backup-capacity is “still more than a decade away from being available at scale.” " The world is proving right now that massive amounts of battery are already totally profitible and going in like gangbusters. The battery industry had something like a 196% growth last year[1] ... and is only accelerating. Also, fossil generator retirement is already accelerating - consider this[2]. The article is clearly the fossil industry trying to hide the fact that fossil will be obsolete for power generation by 2050.
With the economic advantage clearly being with batteries, they will be built. The longer-period batteries are maturing quickly, with Vanadium flow batteries (energy capacity = tank volume) already in full commercial deployment! Consider NASDAJ: Energy Storage Could Emerge As The Hottest Market Of 2022[3], WSJ: Battery Storage Soars on U.S. Electric Grid[4], and even MIT Technology Review: We’re going to need a lot more grid storage. New iron batteries could help[5].
[1] https://www.energy-storage.news/utility-scale-energy-storage-in-us-tripled-in-2021-while-growth-of-other-clean-energy-stalled/ [2] https://www.bizjournals.com/charlotte/news/2022/03/01/duke-energy-shutting-small-natural-gas-this-month.html [3] https://www.nasdaq.com/articles/energy-storage-could-emerge-as-the-hottest-market-of-2022 [4] https://www.wsj.com/articles/battery-storage-soars-on-u-s-electric-grid-11640082783 [5] https://www.technologyreview.com/2022/02/23/1046365/grid-storage-iron-batteries-technology/