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Harrow said..Paradox said..
There is no practical or economic way of storing energy at the scale needed. Pumped hydro is not a thing in Australia except for a very few circumstances that make no difference. Batteries currently are just too expensive, like 5-10 times more expensive than nuclear if you want to try to compare storage against generation.
You say "investing in storage" and many criticise governments for lack of policy planning, but the reality is that we have very few options for energy at the level we demand it. You can't invest and policy your way out of hard reality.
Coal / Gas / Nuclear. The elephant in the room is that irrespective of how much money we burn on wind and solar we still need at least 2 of those 3 to supply at least 60% of our power generation needs. Hard facts, ignored by most.
You've made no mention of hydrogen. I've no idea how the value chain works out, but Twiggy is happy enough to be placing a large bet on it.
Hydrogen seems to be scam.
What is the point to involve hydrogen in energy cycle and loose 75% efficiency in process ?
Which means that 3/4 of your electricity is lost
battery storage - ok
water pumping - ok
but my favorite is transmit ion without the need to storage.
If we imagine limitless tramsmition spannig the world we may not need much storage at all.
Cost of transmition cable is cheaper then massive battery storage
the only problem is overland transmit ion tower,
we need technology, even cheap trenching or tunneling instead