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by CogentHedgehog
2041 days ago
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This is... really off base for 2020. Solar and wind in the US are incredibly cheap sources of energy. Literally the cheapest options: https://www.lazard.com/media/451445/grphx_lcoe-02-02.jpg Residential solar is expensive because you don't have the same economy of scale you see in utility-scale deployments. Also something like 1/3 of the cost is "soft costs" such as marketing and the crazy red tape associated with permitting. The latest academic modelling shows that we can meet 70-80% of energy demand from renewable energy alone, even without storage. All it requires is building a modest excess of capacity and a 50/50 wind/solar mix. When it comes time to add storage, battery storage costs have been plummeting and already dropped 75% over the last 6 years: https://www.greentechmedia.com/articles/read/report-levelize... |
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Energy is sufficiently deregulated in enough of the US that they will sell to the areas that aren't, just like France was doing with all its "old dirty" nukes, to the countries around it building "green".
I can't tell from your graph, but I saw an actual cost estimate a couple months ago that points out what has been true for the past 10 years of "wind is cheaper" metrics.
Which is that its not, because its not continuous (or controllable) power delivery. Nor does it account for the fact that it also needs to be overbuilt if its going to supply an energy storage system either. Nor does it account for the energy storage costs.
So, yes in absolute KW produced its cheaper, but that does little but create an oversupply problem. Which is why in places like TX the power costs frequently go to zero when the wind is blowing and spike at other times. Making cheap power when you don't need it doesn't help. What TX needs is lots of power at 3PM (when in theory solar would be useful, but the existing smaller plants aren't making money either).
The net result in TX has been lots of wind install, but even more gas install. Because the gas plants are actually making money. If big battery plants are economically workable then we would also see a lot of companies arbitraging the free wind energy into $ when the price spikes but we don't see that either.
So its not a simple/sure bet like is being claimed.
(for those that don't know, TX is one of the largest green energy systems in the world https://en.wikipedia.org/wiki/Wind_power_in_Texas)