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Yes, once you sort out the industrial process the price of manufactured gasoline would be driven by the local price of electricity at the production site.

Thermodynamics isn't the only thing to consider. There are parts of the world where spot electricity rates routinely go negative, because it's cheaper to pay a consumer to absorb excess electricity than it is to shut off a power plant. A process like this could absorb excess electricity when there's an excess of electricity.

You don't need to talk about fusion or thorium reactors when the cost of solar is low and falling, and we haven't _nearly_ saturated the planets capacity for generating electricity through solar. A combined facility that generated electricity through solar, then either sold electricity or manufactured gasoline (whichever is better in the moment)



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