Solar PV with Battery Storage Cheaper Than Conventional Power Plants
cleantechnica.com
cleantechnica.com
At the 7 year mark my cost per kwh will be below $0.02 . Power in my area (southwest US) is $0.12 per kwh. Some factors are complex to measure. Such as how much more I run the AC because it is essentially 'free' than I would if it were still $0.12 per kwh. Another complex factor is that I can generate much more power than I consume currently. If I found a sensible use for the surplus power then costs drop even lower even faster. My consumption is about 50% of max, on an annual basis.
Buy a few Bitcoin miners. Since you won't be running them 24/7, might be worth buying less efficient ones from last-gen.
Of course for the huge majority of people 90% availability is more than enough and is very cheap tendency going down.
I have PV. In 3-4 winter months I produce about 15% of the yearly output, but I consume 90+% of the heating energy.
Even 10x my PVs is not going to be enough, and for even that I don't have the roof space.
Even if I lay PV for the 95th worst percentile days, I still absolutely must have a grid connection because the kind of batteries to shift summer production to winter consumption simply don't exist.
Not to mention that there are many other dimensions to optimize other than cost.
Removing coal from the equation would be a big win
https://www.forbes.com/sites/davidblackmon/2024/04/17/forget...
https://globalenergymonitor.org/report/china-continues-to-le...
Europe is rapidly replacing its existing fossil fuel energy supply with solar/wind.
https://www.yahoo.com/news/chart-solar-wind-overtake-fossil-...
Are these countries/regions moving as fast as they should be. No. But they are well ahead of what people would have predicted even a decade ago and let’s not even talk about the 2000s where solar and wind were looked upon as a toy source of energy.
What’s holding further expansion back is the grid, storage, and geopolitics (and of course, massive amounts of money coming from the trillion dollar incumbents).
These are all problems that are resolving themselves.
Trying to spur some green coldwar competition as a noble goal?
Its missguided as a project though.the green killer app is free,clean subs and trains. As in you could read the news and have a coffee while commuting. Measure not by size of the lever,but by effect of the lever and thus resistance of the car industry.
If even one moderate sized o punter is able to transition successfully that will put tremendous amounts of pressure on every other country.
So while climate change is indeed a global problem, the solutions have to be judged locally since they will have to be local and bottom up.
Similarly China, although building lots of solar/wind/batteries hasn't really had state of the art grid regulations for capacity planning and has local state governments sometimes working at cross purposes.
Both are in the process of shaking free of these historical mistakes, but your assumption of an instant reaction of perfectly responsive energy markets is mistaken.
This is the world changing, it's a crossover that happened only very recently.