The Weird, Wild World Of Wave Energy Just Got Weirder
A wave energy device that resembles a deconstructed sea serpent has caught the eye of both public and private renewable energy investors.
A wave energy device that resembles a deconstructed sea serpent has caught the eye of both public and private renewable energy investors.
Comparison Provides Insight Into Future Trends of Offshore Wind Energy
Wind and solar are far and away the least expensive sources of electricity available today, leading to major increases in both.
The idea that it costs a premium to go green and clean is long expired in the electricity industry. A new report from the International Renewable Energy Agency (IRENA) indicates that most of the renewable energy installed in G20 countries last year had lower costs than the absolute cheapest coal … [continued]
As the cost of capital goes up, the prospects for fossil fuel projects go down.
Editor’s note: Note that this evaluation does not take social, environmental, or public health costs into account, and natural gas comes with high social, environmental, or public health costs. Those costs, for the most part, are not priced into power plant costs in the United States. A supplemental report to … [continued]
The U.S. offshore wind energy pipeline is predicted to exceed 25,000 megawatts (MW) by 2030. But, with only two commercial offshore wind plants currently operating in the United States, developers need accurate modeling to evaluate prospective new projects, weigh realistic costs against financial returns, anticipate the impact of technological and process innovations, and quantify risk factors.
We recently saw the International Energy Agency (IEA) report that solar power offers the cheapest electricity in history. That was a global report. A US-focused report from Lazard recently reported something similar, but even better news.
New research from Berkeley Lab outlines how the useful life and operating expenses of utility-scale photovoltaic plants have leveled.
We are making great progress, with costs of solar, wind, and batteries continuing their decline. But we are not moving fast enough to turn the tide on human-caused climate change. One study I saw recently said we need to be installing wind and solar at triple the current rate to get to 90% renewable just for electricity by 2035.