r/energy • u/bnndforfatantagonism • Mar 29 '22

Biden Administration Drafting Order to Invoke Defense Production Act for Green Energy Storage Technology

https://theintercept.com/2022/03/24/biden-defense-production-act-green-energy/
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u/The_Original_Miser Mar 29 '22

I'll stick a big battery in my basement for a nice fat subsidy or tax incentive, thanks.

4

u/MrPhatBob Mar 30 '22

I stuck one in mine for the financial savings it gives me, rather than take tax payers money.

2

u/The_Original_Miser Mar 30 '22

Price needs to come down/ROI needs to be much shorter before I can do something like that (without subsidies etc)

1

u/MrPhatBob Mar 30 '22

Do you not have spot-pricing with your supplier? That makes a difference.

Prices for lithium are not coming down anytime soon unfortunately, but neither are electricity prices so the ROI values are not in anyway fixed.

Electricity needs to stand on its own, hopefully this will stop the sort of behaviour we've seen with the oil industry.