atteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices to be deployed by 2028, about the size of the small-scale photovoltaic industry now.
This American success story is in large part due to production-based federal policy supported by both Republicans and Democrats. It’s a great example of a bipartisan collaboration, and a legacy this Congress should be proud of. To keep this success story going, we need legislators to continue to support homegrown, well-paying jobs like these.
The United States can learn from other countries’ efforts to shore up defenses against climate change and limit disaster response costs, according to a new report by the Government Accountability Office. The report released yesterday looked at steps taken to adapt to climate change by five foreign governments: the European Union, Mexico, the Netherlands, the Philippines and the United Kingdom.
Persistent low oil and gas prices will not block ballooning growth in renewables, batteries and energy storage in the next two decades, according to a new forecast from Bloomberg New Energy Finance. The research group’s annual New Energy Outlook for the 2016-40 period slashes forecasts for coal and gas prices from last year by at least 30 percent because of an ongoing supply glut. Even so, declining costs in generation for wind and solar through 2040 could make those two technologies the cheapest way to produce electricity “in many countries during the 2020s and in most of the world in the 2030s,” the group said.
The average cost of electricity generated by solar and wind energy could fall by up to 59 percent by 2025 if the right policies are in place, a report by the International Renewable Energy Agency (IRENA) said on Wednesday. Since 2009, solar photovoltaic (PV) module prices have fallen by 80 percent and wind turbine prices have fallen by around 30-40 percent as renewable energy capacity has grown to record levels and technologies have improved.
The company behind the largest proposed wind farm in the country, in Carbon County, says that uncertainty around Wyoming’s wind tax policy is making it more difficult to invest in wind. Wyoming is the only state in the country that taxes wind energy production and is considering raising that tax, a move which could ultimately deter future wind projects.
Massachusetts is on the cusp of adopting one of the largest renewable energy procurement programs in New England. So why aren’t renewable energy advocates cheering more loudly? Perhaps it’s because half of the 2,400 megawatts of new clean energy will come from Canadian hydro dams, effectively bypassing U.S. firms that argued that developing homegrown energy resources would spur more economic development and better diversify New England’s energy market. Or it could be that half of the new clean energy will come from yet-to-be-built offshore wind farms. While offshore wind is a promising new source of electricity for New England, it remains a higher-cost form of energy than either utility-scale solar or onshore wind power.
With three new 1.5-megawatt wind turbines to bolster his argument, Ward 3 Councilman Edward Giroux declared Friday that his town is “the greenest municipality in the state right now.”
“It’s very exciting what we are doing; the windmills [are] just crazy,” he said.
Solar advocates want to tap into Wyoming’s potential for commercial solar power development, which has been slow to lift off in the state.
They’re asking state legislators to lift the 25-kilowatt cap on solar-generated power that can be sold back to the grid.”I think what this step has the ability to do is unleash a new sector of solar development in Wyoming, a sector that doesn’t exist right now, commercial solar,” said Scott Kane, owner of Creative Energies, a solar installer. “When we look around to other states, there is as much commercial development as there is residential development.”
States that want to use their renewable portfolio standards to help meet U.S. EPA’s Clean Power Plan goals may want to make some program tweaks, according to a recent report by the Clean Energy States Alliance. The report digs into how states could count RPS achievements to meet the agency’s power-sector carbon limits.