Alphabet is working on renewable energy storage

X, the "moonshot" division of Alphabet, Google's parent company, is developing a new way to store renewable energy that otherwise might be wasted — by using molten salt, reports Bloomberg. 

The energy storage system that can be located anywhere, and has the potential to last longer than lithium-ion batteries, while competing on cost with new pumped hydro plants and other energy storage methods.

"If the moonshot factory gives up on a big, important problem like climate change, then maybe it will never get solved," Obi Felten, a director at X told Bloomberg. "If we do start solving it, ther...