people have done the math on block based gravitational energy storage. it's hilariously shit. pumped hydro is the 10000x better form of gravitational storage.
and this is not complex math, anyone with a very simple high school understanding of physics knows that block based gravitational storage is shit compared to pumped hydro once you think about the challenges of moving a solids vs liquids (think of why coal was replaced by oil).
Of course pumped hydro economically is the best one, but you cannot create pumped hydro storage everywhere. Hydro itself also has negative effect on the environment. Let's say they will have 4000 GWs of solar/wind power in operation in 25 years, how would you be able to store the excessive generation with purely pumped hydro?
They need to continue to invest in other forms of energy storage that are not as economic.
Hydrogen fuel cells and so called green hydrogen is sheer nonsense. The vast amount of energy losses in a system like that make it a non starter. Then add to that the huge costs such a system has compared with other ways to store or discharge energy on top.
Do you know that China is the largest producer and consumer of hydrogen? 80% of the current hydrogen production is from fossil fuel. As we transition to a 0-carbon economy, there are many industrial and transportation usage of hydrogen.
Flow batteries are much cheaper than even sodium ion batteries. They also need much lower amounts of strategic materials.
I have not looked into flow batteries in the past, but it does look promising. I don't know how long it will take them to scale up the production of flow batter storage. They should invest more in there.
Sodium ion batteries will be seeing massive industrial sized investment and production in the coming decades for home/industrial storage and EVs. I don't see sodium prices going up. So as production ramps up, the cost will continue to come down as technology/factory efficiency comes down. So for example, CATL would not need to put in a lot of additional investment to put sodium ion battery into production for grid when it already has it in production for other usage.
Gas is expensive in China because it needs to be imported, and worst of all most of it comes via LNG by ship. Huge costs to liquefy and regasify the gas. It costs billions to build a liquefaction facility, billions more to build a regasification facility, and then you need to build tanker ships to transport it. Piped gas takes like a third the cost to build in terms of infrastructure. The pipelines themselves last decades. And piped gas uses the gas energy more efficiently as well. You only use LNG when you have no other choice.
Of course pipeline is much better than LNG. However until now, the vast majority of Russian gas was going West. China will need to invest in infrastructure to be able to generate more from gas. With 2060 0-carbon goal, I think there is limit to how much China will be willing to invest here.
The economic rationale for nuclear reactors is dependent on your own resource supply base and certain economic factors. For a country like China which has lots of coal mines the coal is cheaper. The biggest cost in coal is the transport because you need to transport so much volume of it to generate power. In the case of China you have Inner Mongolia, which is not particularly far away from the main cities in the north of China including the capital. The main issue with coal is the air pollution. This is why China is now building the power plants in Inner Mongolia itself and transporting the energy via electric power cables. For the southernmost cities in China which are further away from the coal mines nuclear might make more economic sense. The main cost for nuclear is financing, since it takes a long time to build a power plant and in the meantime you need to finance the debt, another issue is the decommissioning costs. But the longer a nuclear power plant operates the lower the impact of those will be with amortization. And modern nuclear power plants have estimated 60 years lifetime of the plant. Compared with 20 years for designs in the 1970s.
I was born in the coal heartland of China. It's terrible for the environment, for climate change and most importantly the people that live in these places. Every time I visit there, I have a hard time just describing how terrible the air quality is. There is significant social/health cost to coal that don't show up in utility bills.
They need to move away from coal. And they are doing it.
I think this is a major mistake. China should not have caved in to Western pressure with regards to this. Countries in the emerging world do not have either the economic nor the industrial base to run nuclear power plants. And coal provides the cheapest baseload. Not allowing coal is pushing the poor and emerging economies into economic backwardess indefinitively. And China itself certainly went back on its decision and is now building dozen of modern coal power plants in China proper.
Yet, China can make so much more money exporting low carbon technology to these country.
@tphuang
MIT: Nuclear cheaper than Coal in China
energymonitor.ai/finance/regulation-policy/will-china-gamble-on-a-nuclear-future
In July 2013 the National Development and Reform Commission (NDRC) set a wholesale power price of CNY 0.43 per kWh (7 US cents/kWh) for all new nuclear power projects, to promote the healthy development of nuclear power and guide investment into the sector. The price is to be kept relatively stable but will be adjusted with technology advances and market factors, though many consider it not high enough to be profitable. It was reported that the price for power from Sanmen might be about 5% higher, but in 2019 it was CNY 0.42/kWh. Haiyang was selling power for CNY 0.414/kWh and Taishan CNY 0.435/kWh in 2019.
Nuclear power is already competitive, and wholesale price to grid has been less than power form coal plants with flue gas desulfurization, though the basic coal-fired cost is put at CNY 0.3/kWh*