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On a cost basis, wind and solar is the best economic choice in markets where firm generation resources exist and demand is growing." [85]: 24 They further reported "the levelized cost of energy from lithium-ion battery storage systems is competitive with many peak-demand generators."
Solar energy can also be stored at high temperatures using molten salts. Salts are an effective storage medium because they are low-cost, have a high specific heat capacity, and can deliver heat at temperatures compatible with conventional power systems.
Energy storage is becoming a more prominent issue because photovoltaic solar panels can only generate electricity during daylight hours and thermal solar installations can only store energy for up to 10 hours, leaving a window in which the state's energy production must be generated from other sources (natural gas, wind, coal, or nuclear).
Community solar has an extremely poor return on investment for participants leasing solar panels.
In 2021, 7,352 megawatts of solar, wind and battery storage were installed in Texas, nearly three times more than what was installed in California because of a Dec. 31, 2021, deadline to receive ...
Concentrated solar power plants may use thermal storage to store solar energy, such as in high-temperature molten salts. These salts are an effective storage medium because they are low-cost, have a high specific heat capacity, and can deliver heat at temperatures compatible with conventional power systems.
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