Estimated time until renewables + battery technology is cheaper than fossil fuels / nuclear? (Crosspost /r/askscience)

Estimated time until renewables + battery technology is cheaper than fossil fuels / nuclear? (Crosspost /r/askscience)

The only places where I've seen battery + solar tech (i.e. the Tesla powerwall) cheaper than coal/gas is where political pressures have inflated the price of electricity (e.g. the uncertainty in the power market in Australia due to no clear direction re: sustainability which has caused no new coal fired power plants to be built, making it possibly feasible in South Australia from what I have heard. However electricity prices are putting a huge strain on Australian families – and most countries can't afford these rates).

How long should we expect it to take? I understand there is no certain answer, but it's a serious question facing us. How long are people in the industry betting on it taking?

The reason I personally ask is I am trying to understand if it is worth us building nuclear power plants in Australia (which would take at least 5 years if we were super efficient, probably around 10), or whether we should wait for better battery technology for solar/wind.

Submitted June 16, 2017 at 12:16PM by CountingChips
via reddit http://ift.tt/2rEtPIg

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Estimated time until renewables + battery technology is cheaper than fossil fuels / nuclear? (Crosspost /r/askscience)

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