When will the levelized cost of renewables be the same as conventional sources?

[CultureCitizen]

That would be considering the storage cost ( batteries, pumped hydro or compressed air ) .

 

[elektra]

Never, no such thing as a renewable, that is simply a marketing term bearing no relation to solar, wind, or geothermal.

 

[WildBillKelsoe]

Green energy will never be cost effective.

 

[Old Rocks]

By 2025, when other manufactures join the grid scale battery manufacturing. Then you will see the termination of the remaining coal fired generators simply because of cost.

 

[elektra]

By 2025, when other manufactures join the grid scale battery manufacturing. Then you will see the termination of the remaining coal fired generators simply because of cost.

Liar

 

[Old Rocks]

Batteries for Managing the Grid

Until now, large costs and limited manufacturing capacity of batteries for large-scale electrical storage have kept utilities from committing to the technology. Now, a Texas electric distribution utility is stepping out with a plan to spend up to $5.2 billion on batteries to back up its transmission and distribution grid and reduce power fluctuation from renewable power sources. In a study it performed to justify the plan, Oncor Electric Delivery claims the move would lower consumer electric bills and preclude costly construction of new power plants.

But there is a catch: In Texas, distribution utilities such as Oncornow are prohibited from owning power plants, and state lawmakers, who deregulated the industry 12 years ago, would have to amend a law defining batteries as a power producer. Oncor officials are pushing for legislation to be introduced for the change, but opposition is already brewing from power producers, including sister companies of Oncor.

Confidence
Still, the proposal shows a growing confidence in the viability of lithium-ion batteries for large-scale energy storage. A study done by Navigant Research shows grid energy storage jumping to 20,800 MW by 2024, from 538.4 MW this year. Revenue is expected to grow to $15.6 billion annually, from $675 million, projects the report.

Oncor has stated that putting that amount of grid scale storage would be the equivalent of adding several large nuke plants.

 

[elektra]

Batteries for Managing the Grid
Now, a Texas electric distribution utility is stepping out with a plan to spend up to $5.2 billion on batteries to back up its transmission and distribution grid and reduce power fluctuation from renewable power sources..

Wow, how many electric distribution utilities are there? One for each state, at the least? At a minimum of $5.2 billion each that comes to how much? $250 Billion dollars! To fix what Solar and Renewables, broke! Is that the only cost to fix Solar and Wind! Doubtful but it is an indication of the trouble we are in!