Comment by belorn
4 days ago
Europe has a fresh new battery factory in northen Sweden called Northvolt. When the subsidies ran out they filed for a loan from EU, and when those money ran out they asked the goverment for more subsidies and they got a no. They were offered a loan, but they declined that offer since they are already $6 billion in debts.
As a result they filed instead for bankruptcy last fall.
I would like to see EU issue a law against building new natural gas power plants, dictating that either countries start building that cheap grid-scale battery solutions or find non-fossil fuel alternatives, which ever is currently cheapest. Im tired of seeing that even countries like Sweden are investing into new natural gas power plants in order to address days when the wind and sun are not producing enough energy.
I don’t think such a ban would be a good idea but I agree 100% with your sentiment that non-fossil based energy generation would probably be a better idea (especially for energy independence for example).