Loose talk about ‘green’ hydrogen, mega-batteries and pumped hydro is the default response from rent seekers forced to face up to wind and solar’s hopeless intermittency.
None of the aforementioned generate a single watt of electricity; all of them chew up mountains of energy and resources in their creation; and all of them consume electricity in volumes way beyond the energy they can ever possibly return to the grid.
Australia’s grandstand pumped hydro project is referred to as Snowy 2.0. Its chances of completion are rapidly diminishing; whereas the cost of the project are rising, exponentially.
Back in October 2020 STT wrote:
With a price tag in excess of $10 billion, Australia’s biggest pumped hydro project, Snowy 2.0, is easily its single biggest white elephant. Sure, the Feds have already squandered magnitudes more on subsidies and soft loans to wind and solar. And the purported benefit of Snowy 2.0 is…
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