1) If you hope to target low cost renewable power, will you be operating intermittently at peak production, or around the clock?
2) Does negative pricing of power factor in to your business model?
3) Do you think your process could economically compete in the market for grid energy storage? I so, how does the costs and efficiency compare to other methods?
We are designing our systems to run intermittently, to match the intermittent availability of renewable power. The capital cost of our systems is expected to be low enough for us to run profitably even if we are only operating 50% of the time. We expect we will get very low electricity prices because of this, and even negative pricing some times. We are not positioning ourselves as grid storage, but having our systems on the grid will balance demand for renewables, allowing more to be deployed, which is a similar service. If we can get paid for demand response, we won't turn it down!
1) If you hope to target low cost renewable power, will you be operating intermittently at peak production, or around the clock?
2) Does negative pricing of power factor in to your business model?
3) Do you think your process could economically compete in the market for grid energy storage? I so, how does the costs and efficiency compare to other methods?