Published on August 11th, 2014 | by Sandy Dechert3
Solar Power’s Growth: Why Renewables Are Taking Over (Video)
August 11th, 2014 by Sandy Dechert
In a video released just last month, Amory Lovins of the Rocky Mountain Institute points out that the lower cost, lower risk, and scalable mass-production of modular renewable technologies (like wind turbines and solar panels) means they are now outcompeting central power stations in the world market. (See above graph.)
He also explains how half the world’s new electric-generating capacity over the past five years has been renewable, incorporating perspectives on subsidies, nuclear power, and China’s evolving energy profile. It may surprise you that modular, mass-produced renewables compare favorably in terms of implementation speed and economics, even to efficient new gas-fired power plants, but they do.
The video talk took place at the international nonprofit Technology, Entertainment, Design (TED) 2014 global conference in Vancouver, Canada. (The original talk is scheduled for a TEDTalks release. In the meantime, RMI issued its own interim recording.) Interestingly, the quote from the video that has generated by far the most attention on twitter is this one:
“Solar power is scaling up even faster than CELL PHONES.”
Palpable awe about apples and oranges, but nonetheless cheery. One observer tartly remarks, “The grid is still ancient, big companies still having the consumer by the neck. Will be interesting to see what is left after a major X flare or EMP. Not if but when.” Your thoughts?