With batteries, solar can grow more cheaply and quickly than gas

  • Solar was the fastest-growing source of electricity in 2024, according to data from the US Energy Information Administration. It accounted for 81 percent of added annual capacity.
  • Solar energy reached historically low costs in 2020, becoming the cheapest source of electricity in most parts of the world.
  • ...While solar supply chains are still concentrated in China, manufacturing capacity for solar modules grew a whopping 190 percent in the US last year…Texas saw the most growth in solar, and also has the most module manufacturing capacity 
  • …electricity demand is climbing in the US after flatlining for 14 years with gains in energy efficiency. The rise of energy-hungry AI data centers, crypto mines, and electric vehicles and appliances has led to growing interest in developing more sources of energy across the board, from renewables to nuclear reactors and gas plants.”

https://www.theverge.com/news/628369/solar-wind-beat-coal-us-ember-report

Comments are closed.

Start a Blog at WordPress.com.

Up ↑