![](https://investorshub.advfn.com/uicon/105308.png?cb=1488112867)
Sunday, August 20, 2017 11:21:07 PM
This is still a board for MVTG and that is the point.
A new report on the future of energy in the state should turn some heads (PDF).
According to the University of Minnesota’s Energy Transition Lab, starting in 2019 and for the foreseeable future, the overall cost of building grid-scale storage there will be less than that of building natural-gas plants to meet future energy demand.
Minnesota currently gets about 21 percent of its energy from renewables.
to call for bringing an additional 1,800 megawatts of gas-fired “peaker” plants online by 2028 to meet growing demand. As the moniker suggests, these plants are meant to spin up quickly to meet daily peaks in energy demand—something renewables tend to be bad at because the wind doesn’t always blow and the sun doesn’t always shine.
Storing energy from renewables could solve that problem, but it’s traditionally been thought of as too expensive compared with other forms of energy.
The new report suggests otherwise. According to the analysis, bringing lithium-ion batteries online for grid storage would be a good way to stockpile energy for when it’s needed, and it would prove less costly than building and operating new natural-gas plants.
The finding comes at an interesting time.
For one thing, the price of lithium-ion batteries continues to plummet, something that certainly has the auto industry’s attention. And grid-scale batteries, while still relatively rare, are popping up more and more these days.
The Minnesota report, then, suggests that such projects may become increasingly common—and could be a powerful way to lower emissions without sending our power bills skyrocketing in the process.
___________________________________________________________________
MVTG storage units are non-flamable and cheaper than others. They can store energy for long periods of time. Ten years? Longer?
Cheaper is popular now. They do not have to be made in China to be cheaper.
MVTG has the patents and those can sell or be licensed to other companies.
Echo20
Recent HWNI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:15:45 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM