dec7td t1_is47gfw wrote
Reply to comment by Arinium in US Federal Reserve sees EV “battery belt” developing as greater than 15 battery manufacturing facilities worth greater than $40 billion are in development in the US by ForHidingSquirrels
No one is permitting or financing pumped hydro anymore. I can get a battery storage project in the ground in 2 years. Good luck getting pumped hydro in under a decade. Wall Street is funding utilities and developers to build battery projects for grid scale; it's around 99% of projects.
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