Get the latest tech news
Standard Thermal: Energy Storage 500x Cheaper Than Batteries
Quick Summary Standard Thermal is the company I've been leading for the last ~2 years. The purpose of Standard Thermal is to make energy from solar PV available 24/7/365 at a price that is competitive with US natural gas.
Typical steam process heat categories without access to affordable gas or coal require a few terawatts of solar to meet demand today and more in the future as the world becomes richer. The lower installation costs and multiple revenue streams mean that the daily spread between the high and low electricity prices will be much tighter, more like a few tens of dollars per megawatt-hour. Handling high seasonal solar variation, dealing with the last 10% of electricity generation in renewables-dominated grids without fossil fuels, and reducing the burden of energy costs in fuel-poor regions have been classified as near-impossible problems at various times.
Or read this on Hacker News
