this post was submitted on 17 May 2024
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World’s largest compressed air energy storage project comes online in China (www.pv-magazine.com)
submitted 6 months ago by schizoidman@lemmy.ml to c/energy@slrpnk.net
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cross-posted from: https://lemmy.ml/post/15724955

World’s largest compressed air energy storage project comes online in China

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[–] Wanderer@lemm.ee 11 points 6 months ago

The renewables movement will be won on finances and nothing else.

It is anticipated that the project will yield an internal rate of return on capital of about 16.38%, with a payback period of around 7.1 years.

That sounds really promising.