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German researchers say methanol could be the solution to long-term renewable energy storage, and a single methanol tank the size of a large LNG carrier ship, is enough to power Germany for 10 hours. (spectrum.ieee.org)

submitted 1 year ago by Lugh@futurology.today to c/futurology@futurology.today

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[–] Lugh@futurology.today 9 points 1 year ago

Overall, they calculated that the cost of electricity from the grids would be between €77 and €94 per megawatt-hour delivered. That is well within the range that grid operators pay today to balance supply and demand via natural gas-fired power plants.

The other interesting thing about this idea is that it requires no new technology to be developed. It will merely need existing infrastructure and technology that produces hydrogen to be modified.