Thank you for this. Just checked my bank (PNC) and it's in the worst category. Going to switch to Huntington, which is in the best category, and I'm going to tell them why
The banking is hard, and I'm sure Chase isn't innocent 😬 But our local Chase banks in Indianapolis are some of the only businesses around here with solar panels!
Love the banking action! I moved my savings over to Ally a few years back, and they still have plenty of convenient online features. Also good to remember that banks can't really do anything with your checking account. So if a big bad bank is the only one near you, you can always use them for checking and move money from your "good" bank as needed digitally.
I would be a lot happier if those countries pledged to enact policies that could be reasonably expected to achieve and X fold increase in battery storage at a reasonable cost.
A quantity pledge can be either empty (no policy will follow) or excessive (the quantity will be achieved but at too high a cost.
Can somebody explain to me the seemingly nonsensical use of “gigawatts” as a measure of energy STORAGE? A watt is a unit of power, not energy. If you measure energy storage, it has to be something like gigawatt-hours.
Maybe it has capacity to put power on the grid at a rate of 20 gigawatts, but it makes a huge difference whether it can supply at that rate for one minute or one hour or one day.
Most lithium ion battery storage systems are designed to have a discharge duration of 3-4 hours, so for example in 2024 the US installed 12.7 GW of storage power capacity, giving a total energy stored of 36.7 GWh (see link below). Wood Mackenzie forecasts that the US grid will have 74.6 GW/251.3 GWh of energy storage added between 2024-2028. The reason the grid storage is reported this way is probably because other grid assets (solar, natural gas, etc) are reported in terms of GW of capacity.
Thank you for this. Just checked my bank (PNC) and it's in the worst category. Going to switch to Huntington, which is in the best category, and I'm going to tell them why
The banking is hard, and I'm sure Chase isn't innocent 😬 But our local Chase banks in Indianapolis are some of the only businesses around here with solar panels!
Love the banking action! I moved my savings over to Ally a few years back, and they still have plenty of convenient online features. Also good to remember that banks can't really do anything with your checking account. So if a big bad bank is the only one near you, you can always use them for checking and move money from your "good" bank as needed digitally.
I would be a lot happier if those countries pledged to enact policies that could be reasonably expected to achieve and X fold increase in battery storage at a reasonable cost.
A quantity pledge can be either empty (no policy will follow) or excessive (the quantity will be achieved but at too high a cost.
The COP process need fundamental reform.
https://thomaslhutcheson.substack.com/p/cop-29-still-off-target
Is there a Canadian bank for good option?
the newsletter has links to tools that answer those questions
Can somebody explain to me the seemingly nonsensical use of “gigawatts” as a measure of energy STORAGE? A watt is a unit of power, not energy. If you measure energy storage, it has to be something like gigawatt-hours.
Maybe it has capacity to put power on the grid at a rate of 20 gigawatts, but it makes a huge difference whether it can supply at that rate for one minute or one hour or one day.
Most lithium ion battery storage systems are designed to have a discharge duration of 3-4 hours, so for example in 2024 the US installed 12.7 GW of storage power capacity, giving a total energy stored of 36.7 GWh (see link below). Wood Mackenzie forecasts that the US grid will have 74.6 GW/251.3 GWh of energy storage added between 2024-2028. The reason the grid storage is reported this way is probably because other grid assets (solar, natural gas, etc) are reported in terms of GW of capacity.
https://www.utilitydive.com/news/us-battery-energy-storage-deployments-jump/729248/
It is exactly like saying that the battery in your EV gives you a range of 40 miles per hour.
40 mph is not range!!
That was my point, just like 20 gigawatts is not storage capacity. Thanks to Saahir for providing the correct information.