We’ve seen a lot of commentary on the fact that utility-scale solar power has become the least expensive source of electricity in many places. There is more than that to be found in the data in Lazard’s Levelized Cost of Energy Analysis, Version 10.0, however, and what it tells us is that solar and wind power have benefits apart from the simple facts that their costs are low.
These are 5 messages that I think anyone wanting a better US economy (or a better economy in practically any country), anyone wanting national energy freedom (aka energy independence), anyone wanting to advance the most cost-effective choices for electricity generation, and anyone wanting to make logical energy decisions should know and share with others.
Originally published on Nexus Media. By Jeremy Deaton Renewables are cheaper than coal and gas across much of the United States. For the second year in a row, wind and solar accounted for roughly two-thirds of new U.S. generating capacity, while natural gas and nuclear made up most of the rest. That’s … [continued]
gasoline is still more expensive than electricity for transportation, but is electricity produced from coal and natural gas cheaper than that from renewables? Price of fossil fuels (oil (2) and natural gas(3)) in the U.S. are at 14 year lows. The amount of electricity generated using coal in the U.S. is at its lowest level since 1970 (4) and last year, natural
gas surpassed coal as the top U.S. fuel used to produce electricity.
Tesla’s move to acquire SolarCity has taken a big step forward. Below, I share the most recent facts of the Tesla–SolarCity merger (as presented by Tesla today), my thoughts on where this marriage will lead, and the overall background from which my thoughts arose. If you aren’t keen to know a little bit more … [continued]
Originally published on RMI Outlet. By David Labrador In November 2015, financial advisory firm Lazard released its first-ever Levelized Cost of Storage Analysis (LCOS). Well known for its Levelized Cost of Energy Analysis (LCOE) analysis—now out in version 9.0—Lazard publishing an analysis of storage is a major sign that it … [continued]
Originally published on RenewEconomy. In its first in-depth analysis on the costs of energy storage, US investment bank Lazard says storage is already competitive in some situations – particularly at the utility scale and in providing services such as frequency regulation that was previously the province of conventional fuels. Lazard … [continued]
Originally published on Sustainnovate. By Henry Lindon Wind energy and solar energy are notably beating out conventional generation modalities (coal, natural gas, nuclear, etc) with regard to production costs and abatement as well, according to a new study from the US investment bank Lazard. The report notes that, despite recent … [continued]
The renewable energy and energy efficiency industries will grow over the coming years “strictly on the basis of cost,” rather than simply as a result of supportive policies, according to a new report from the Advanced Energy Economy Institute. The report argues that, while renewable energy and energy efficiency are … [continued]
By Bob Wallace & Zachary Shahan Wind and solar electricity have become some of our least expensive ways to generate electricity in several markets around the world. Wind is now the cheapest way to bring new electricity generation to the grid in the US as well as many other countries. … [continued]
