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by toomuchtodo
1373 days ago
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As your renewables approach “free” (sub 2 cents/kWh), the marginal cost is storage, and is still competitive against fossil and nuclear (per page 122 of NextEra’s most recent investor deck). Near firm is industry parlance for battery backed. Tangentially, the Australian gov is pulling forward 10 years their coal generator retirements (2037->2027) due to how quickly new utility scale renewables are going live. https://cleantechnica.com/files/2022/06/lcoe-small.jpg?mrf-s... |
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It's also important to note that plans to phase things out do not indicate success. See California right now.