Hornsdale Power Reserve: calculating oneself rich

Trust, yet verify

In Flanders, we have the expression “calculating yourself rich”. It means presenting one’s case in a too optimistic way that doesn’t accord with reality. This can for example be done by only counting the positives or by making overly optimistic assumptions. Both can result in an end result that is far too optimistic. Therefor “calculate” yourself rich instead of “being” rich. It is not real wealth, it is fully dependent on the tricks used in the calculation.

This expression popped up in my mind when I read an article about the blessings of grid sized battery storage (see previous post). To recap: two advocates for solar and wind claimed that batteries could replace natural gas power plants for peaking and gap-filling. Reading the linked article, it became clear that it had nothing to do with the claims made by the two advocates. The subject of the linked article described how…

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1 Comment (+add yours?)

  1. nottrampis
    Mar 28, 2020 @ 17:32:31

    Alas my memory is not what is was.

    This is what i was thinking about previously

    https://reneweconomy.com.au/tesla-big-battery-outsmarts-lumbering-coal-units-after-loy-yang-trips-70003/

    Like

    Reply

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