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Germany has too many solar panels, and it's pushed energy prices into negative territory
(markets.businessinsider.com)
this post was submitted on 24 May 2024
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Germany actually spends money to stop Denmark producing power on windy days when prices get too low. Instead we could be making hydrogen and storing it in so many creative ways
Its 'free' anyway so there should be no concern about how much of it is lost in conversion
Nothing is free. Equipment costs money and time to build, operate, maintain, and repair.
The equipment to harvest energy, is built already and is practically being held inactive, because companies can't make money off it. If we could invest in ways to convert even some part of that excess energy into energy that could be sold later, I can't see why this should not be feasible.
The way I see it, companies are interested in making money on energy and not supplying affordable energy
Maybe we'll get to the point. This news just shows us, that solar power can really be very impactful, even in not-so-sunny Germany. And that we've reached a turning point, where we can no longer 'just' put up more solar panels, but also start developping systems to store this excess energy in an economically feasible manner.
But actually, that's nothing very new either. At least for home owners, who just put solar panels on their roofs, also investing in battery storage to use most of the produced energy themselves has been the economic strategy for a few years, since the price gap between what you got for putting energy into the grid, and what you had to pay for taking energy out of the grid was the only thing left that (economically) incentivized people to install solar power ever since the so called "Einspeisevergütung" subsidies have been dropped.
I imagine solar panels and wind turbines will become a lot more expensive when batteries (and other energy storage options) become available, as they will be a lot more useful. It only makes sense to build as many as possible before the storage option become available