Charts: A Decade of Cost Declines for US Solar PV Systems
NREL Marks Ongoing Cost Reductions for Installed Photovoltaic Systems, While Also Establishing Benchmark of PV-Plus-Storage Systems
NREL Marks Ongoing Cost Reductions for Installed Photovoltaic Systems, While Also Establishing Benchmark of PV-Plus-Storage Systems
New research from Berkeley Lab outlines how the useful life and operating expenses of utility-scale photovoltaic plants have leveled.
Some days if feels like things aren’t made to last. Cell phone replacements, for one — how many does one have to have? Wind turbines, however, show a refined aging that suffers little efficiency loss over time.
Burlingame, California Mayor Donna Colson inaugurated a unique six-unit dual axis solar tracker car canopy at the Kahala Tower near the San Francisco Airport, on November 13. The commercial installation is being called the first of its kind in the United States because of the technology involved.
Prices of solar photovoltaic (PV) systems follow economic laws just like other things, such as computers and cars. That does not mean that the precipitous drop in prices will slow, however.
Lazard is a global asset management company that tracks the cost of producing electricity, among other things. It uses a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In simple terms, it is one way of comparing different ways of making electricity to see which cost more and which cost less.
Nearly 10 months ago, Tony Seba, author of the 2014 book Clean Disruption of Energy and Transportation, posted a video on YouTube, “CleanDisruption.” In both, he projected that a nearly complete disruption of the energy business would begin in 2020 and be well underway by 2022, the year he projects for distributed solar power with battery backup to fall below the cost of transmitting electricity. It is a point at which centralized power plants, if they are to compete with solar-plus-storage, will have to provide power for free. He believes that all centralized electric power producers will be obsolete by 2030, as will conventional cars and utility companies.
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]
German engineering company Siemens has announced its commitment to lowering the Levelized Cost of Electricity of offshore wind power by 2025. Announced at the Global Offshore Wind 2016 conference and exhibition in Manchester, England, this week, Siemens has unveiled its intentions to commit to lowering the Levelized Cost of Electricity (LCoE) … [continued]