Moody warning over renewables reliability

Moodys this week warned about power price volatility based on renewables. It further said that batteries that store power for nighttime transmission could lessen the volatility. Moody’s indicated that “reliability costs associated with backstopping renewables could rise to $435 billion a year globally if the International Energy Agency’s forecast of 9.9 TW of solar, wind and hydro capacity being added by 2030 is accurate.”  Utility Dive Moody’s