A novel Approach towards 100% RE - I — Lesson 3

This lesson covers the concept of energy consumption and storage, focusing on India's energy usage and greenhouse gas emissions. It discusses the cost of renewable energy and the need for storage due to its intermittent nature. The lesson also explores the cost of storage, particularly in the context of batteries, and how it impacts the overall cost of electricity. It introduces a new approach being implemented at IIT Madras Research Park, which involves converting AC grid energy to DC, storing it, and then converting it back to AC when needed. The lesson also touches on the environmental impact of batteries and the concept of thermal storage.

Video Highlights

00:18 - Introduction
01:33 - Power storage a must as renewable energy grows and cost
09:28 - Cost of energy storage and its impact on renewable energy cost
13:52 - Depreciation and interest rates
19:15 - Thermal storage as an alternative to battery storage

Key Takeaways

- India's per capital energy consumption is low, but its total energy consumption and greenhouse gas emissions are high.
- The cost of renewable energy in India is low, but the cost of storage is high.
- The cost of storage significantly impacts the overall cost of electricity.
- The environmental impact of batteries is a crucial factor to consider.
- Thermal storage is a promising alternative to battery storage.