One of the biggest improvements recently is battery tech. Many countries are 10x'ing the GWh of battery capacity in the next couple of years without any real government drive.
This is one thing that actually prevents the power price spikes since the batteries can jump in to cover gaps. I can quote many installations that have completely paid themselves off in 2 years (see hornsdale battery as an example - one year of operation alone, 2020, generated profit of half its initial $90million cost) and while this 2 year payoff will come down as more and more are installed part of the reason the payoff is going down is due to power price costs becoming more and more steady as more batteries are installed.
Even the USA is installing massive amounts of capacity right now. Look at Texas - 3x battery capacity available in 2025 compared to 2024 due to massive installations coming online and they are a state that does not do a lot to support renewables at all. There's no stopping it, it doesn't need subsidies and it's one of the most straightforward capital payoffs available right now.
I actually think the predictions in the article won't come to fruition honestly. The battery installation rise is dominating the investment landscape right now and it's completely flown under the radar without any political controversy (no things such as questionable media trying to claim battery banks are somehow bad for our health and should be stopped) nor are there subsidies required.
https://elements.visualcapitalist.com/top-20-countries-by-ba...
This is one thing that actually prevents the power price spikes since the batteries can jump in to cover gaps. I can quote many installations that have completely paid themselves off in 2 years (see hornsdale battery as an example - one year of operation alone, 2020, generated profit of half its initial $90million cost) and while this 2 year payoff will come down as more and more are installed part of the reason the payoff is going down is due to power price costs becoming more and more steady as more batteries are installed.
Even the USA is installing massive amounts of capacity right now. Look at Texas - 3x battery capacity available in 2025 compared to 2024 due to massive installations coming online and they are a state that does not do a lot to support renewables at all. There's no stopping it, it doesn't need subsidies and it's one of the most straightforward capital payoffs available right now.
I actually think the predictions in the article won't come to fruition honestly. The battery installation rise is dominating the investment landscape right now and it's completely flown under the radar without any political controversy (no things such as questionable media trying to claim battery banks are somehow bad for our health and should be stopped) nor are there subsidies required.