Advice to entrepreneurs: finding a cost-effective way to store solar energy for 4 hours will be worth more than another 2% increase in efficiency. And inventing instant-on conventional-fuel plants will also make a huge difference in GHG emissions.
This is a solved problem. It's called pump storage[1], and is in use world wide. The US has some existing pump storage power plants (eg [2]), but typically they are used to smooth out demand on non-renewable generators (Coal, Nuclear etc).
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Advice to entrepreneurs: finding a cost-effective way to store solar energy for 4 hours will be worth more than another 2% increase in efficiency. And inventing instant-on conventional-fuel plants will also make a huge difference in GHG emissions.
This is a solved problem. It's called pump storage[1], and is in use world wide. The US has some existing pump storage power plants (eg [2]), but typically they are used to smooth out demand on non-renewable generators (Coal, Nuclear etc).
[1] http://en.wikipedia.org/wiki/Pumped-storage_hydroelectricity
[2] http://en.wikipedia.org/wiki/Bath_County_Pumped_Storage_Stat...
[2a] http://en.wikipedia.org/wiki/Ludington_Pumped_Storage_Power_...