Technology
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Isn't this a little goofy? It presumes there will be extra electricity. Do you see any sign that we'll be producing significantly more than we need? All i see is stupid decision after stupid decision. Can't even build a nuclear reactor these days so barring a fusion breakthrough there are no big leaps to be made. That said, fusion does appear to be coming, but that'd also make this moot and hence silly.
On-demand (or surge) power generation like this is much different then base power generation like you get from solar, wind or nuclear (or theoretically fusion).
Long story short, any functional power grid needs both because generation has to match demand, and demand is uneven and wonky.
The most common surge power source is small natural gas plants. This is a replacement for those.
There's always extra electricity. Eg. Solar generates power during the day, charges this "battery" and then powers lighting at night when demand is higher and people need to be able to see.
And this is only set to become more of an issue. Solar and wind are going to be a larger share of the energy mix, but they will still be unreliable. Energy storage, whether physical or chemical, will need to be part of the solution.