The politicians are trying to brute-force renewable energy before technology exists that can efficiently support it.
Wind turbines don't generate when the wind doesn't blow. Photovoltaic doesn't generate when the sun doesn't shine.
Electric vehicles aren't efficient until charge rates and storage increases. Charging them today simply shifts carbon-based generation to electric generation plants from gasoline/diesel. Not very green.
What is missing? Efficient and effective battery technology. Until batteries can charge quickly to hold large amounts of power in a usable form factor, the politicians are spending tons of money on a dream that isn't here yet. Enough money that it could cripple our economy. It is akin to Henry Ford building a production line for the Model T before the internal combustion engine exists.
I use wind turbines and photovoltaic panels at my place yet I am still tied to the grid. Why? Batteries. Essentially I am using my electric utility as an inefficient and expensive battery bank.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.