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oh no! think of the stock market!
(lemmy.world)
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this post was submitted on 02 Oct 2024
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It sounds dumb, but because you can't turn off solar power, if it produces more then you need, you have to use it somehow or it can damage equipment. Hence the driving prices into negative territory. It's a technical problem more than it is a financial one.
Sounds like energy companies or independent entities should invest in energy storage so they can get paid to draw from the grid.
But then you've got cities like Morro Bay, CA that are trying to stop a plan to replace a coal plant with a battery storage facility because batteries are supposedly dangerous.
Gotta love any time anybody argues against replacing coal with something else, and the tactic is to spread FUD about the thing that is NOT coal!