EP10 Energy Storage Case Study
from First Principles Podcast Hosted by firstprinciples
In this episode, we look at a case study that tries to assess the feasibility of powering the Ontario electrical grid with 100% renewable energy, supplemented by battery storage. With growing integration of renewable energy systems into the mainstream grid, it is crucial to ensure the transition is done such that we do not compromise people's access to electricity. That means, blackouts due to insufficient electrical availability from renewable sources is simply unacceptable. Western standards have come to the point that we expect instant electricity at the flick of a switch, often forgetting that this is a luxury not afforded to many in the world. This a subtle game of energy supply and demand that is constantly being played. Changing the rules of the game will lead to unintended negative consequences, as we saw with the power outages in Texas. This is a challenging and complex subject in which models are often used. We hope to understand and break down these models, as always, from first principles.
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