How Coal Mines Could Be Turned Into Giant ''Batteries'' for Energy Storage …
A deeper mine would not only produce and store more energy, but would also be more cost effective. Energy storage costs vary from $1 to $10 per kilowatt-hour for UGES, the authors calculate, downright cheap compared to lithium-ion batteries, which currently cost about $150/kWh. Battery prices continue to fall as chemistries improve, …