10
German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 7 months ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
8 comments fedilink hide all child comments

German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.

Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand."

you are viewing a single comment's thread
view the rest of the comments
[-] MonkderVierte@lemmy.ml 0 points 7 months ago

Meaning, energy storage farms could be a business?

[-] eleitl@lemm.ee -2 points 7 months ago

Only if Germany changes existing legislation on power taxation. And do check out for how much a TWh of grid scale storage goes for. Hydrogen is the only borderline cost effective solution at the scale required.

this post was submitted on 03 Jan 2025
10 points (91.7% liked)

Technology

73657 readers
1875 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws