YUP

Lots of people are saying transmitting electricity is "inefficient." Total transmission and distribution (T&D) losses are less than 5%. The cost of T&D is NOT LOSSES - it’s capacity. We have to pay the same amount to build and maintain that capacity - regardless of how much we use it. Load (demand) side storage can charge when there’s excess T&D capacity, and discharge when it’s constrained. Batteries improve load factor, which means we can transmit more watt hours through each watt of capacity. Batteries are one of our most powerful tools to rapidly increase grid capacity and lower costs.

People keep missing this. GDP is NOT FIXED GDP = Joules * GDP/Joule Increasing our energy supply and using that energy more efficiently makes the world wealthier.