To be clear yes even for that price, it's bang for buck so as long as the project completes and works as expected and not severely limited due to some other unforeseen problem.
There was a more expensive pumped hydro projects planned but ultimately the proposed Aud 62 billion development was shelved. [1] I note there's now a near Aud 3 billion dollar pumped hydro project with a storage capacity of 12 GWh proposed west of Eungella, Qld [2] [3] about 20 to 30 miles to the west (further inland) from where the large Pioneer - Burdekin project was to be built. This time around there seems to be a lot more details included, like power infrastructure etc - unlike the Pioneer Burdekin project where community interaction was farcical - no one with authority could publish a map or communicate just where the wall of the lower dam was going or how high, where the power lines were going or any thoughts for HVDC transmission for robustness out to the industry that ultimately would seek out an all year round stable power supply, and absolutely no assurances that those who had livelihoods in an already well developed agricultural area below the lower dam wall out to the coast would not be slowly displaced by industries that would move into the area as part of construction, and then subsequent industrial / technological developments.
I feel like a lot of product that are development, gain acceptance, uniformly embraced and ... finally becoming a necessity, high capacity battery prices will slowly increase higher than inflation in a couple of decades onwards.
[1] https://www.abc.net.au/news/2024-11-02/lnp-scraps-pioneer-bu...
[2] https://www.capricorniapumpedhydro.com.au/project
[3] https://epbcpublicportal.environment.gov.au/all-referrals/pr...
Edit: missing word would -> would not ... brain to hand issue when words are skipped I guess.
There was a more expensive pumped hydro projects planned but ultimately the proposed Aud 62 billion development was shelved. [1] I note there's now a near Aud 3 billion dollar pumped hydro project with a storage capacity of 12 GWh proposed west of Eungella, Qld [2] [3] about 20 to 30 miles to the west (further inland) from where the large Pioneer - Burdekin project was to be built. This time around there seems to be a lot more details included, like power infrastructure etc - unlike the Pioneer Burdekin project where community interaction was farcical - no one with authority could publish a map or communicate just where the wall of the lower dam was going or how high, where the power lines were going or any thoughts for HVDC transmission for robustness out to the industry that ultimately would seek out an all year round stable power supply, and absolutely no assurances that those who had livelihoods in an already well developed agricultural area below the lower dam wall out to the coast would not be slowly displaced by industries that would move into the area as part of construction, and then subsequent industrial / technological developments.
I feel like a lot of product that are development, gain acceptance, uniformly embraced and ... finally becoming a necessity, high capacity battery prices will slowly increase higher than inflation in a couple of decades onwards.
[1] https://www.abc.net.au/news/2024-11-02/lnp-scraps-pioneer-bu...
[2] https://www.capricorniapumpedhydro.com.au/project
[3] https://epbcpublicportal.environment.gov.au/all-referrals/pr...
Edit: missing word would -> would not ... brain to hand issue when words are skipped I guess.