Battery storage suck. We don't even have decent electric cars. Why should power companies buy expensive wasteful batteries?
batteries lol....you know what a transformer is right?
Yes, it converts (transforms) alternating current to either higher voltage with lower current or lower voltage with higher current. It does this through electrical induction between two coils with differing numbers of windings. What does that have to do with the discussion at hand?
I think he's right. They use transformer stations to change amperage for long distance transmission on the grid. Still it's not very efficient compared to batteries and bitcoin would be more efficient still.