Tag Archive for: solarrevolution

The US power landscape is about to be shaken up to the tune of 4.5GW worth of new solar energy generation & storage projects over the next 5yrs

The solar energy gloves finally come flying off

The solar revolution has stalled out in some parts of the US, much to the delight of fossil energy stakeholders. However, anything can happen at any time, and it just has. The US power landscape is about to be shaken up to the tune of 4.5 gigawatts’ worth of new solar energy generation and storage projects over the next five years, and three of the most asleep-at-the-solar-wheel states in the nation stand stand to get jarred awake by the sudden influx of investments in clean power.

3 US States In Need Of A Solar Energy Makeover

The leading energy firms Entergy and NextEra Energy Resources announced the new 4.5-gigawatt collaboration last week, to cover solar energy and storage projects in Arkansas, Louisiana, Mississippi, and Texas, where Entergy is the electricity provider for a total of 3 million customers.

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Source: Clean Technica

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Solar energy is on track to make up more than half of global electricity generation by the middle of this century.

Solar power expected to dominate electricity generation by 2050

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In pursuit of the ambitious goal of reaching net-zero emissions, nations worldwide must expand their use of clean energy sources. In the case of solar energy, this change may already be upon us.

The cost of electricity from solar plants has experienced a remarkable reduction over the past decade, falling by 89% from 2010 to 2022. Batteries, which are essential for balancing solar energy supply throughout the day and night, have also undergone a similar price revolution, decreasing by the same amount between 2008 and 2022.

These developments pose an important question: have we already crossed a tipping point where solar energy is poised to become the dominant source of electricity generation? This is the very question we sought to address in our recent study.

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Source: The Conversation

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