cheapest

A record year for solar and batteries

March 20, 2025 By EarthWise Leave a Comment

According to a recent forecast from the U.S. Energy Information Administration, solar panels and batteries will account for more than 80% of new power capacity installed in the U.S. this year. The record growth of these technologies is hastening the decline of coal power in this country.

Solar power alone will account for more than half of the country’s new power capacity and most of it will be in Texas and California.

Wind power is expected to provide only 12% of new capacity this year. Wind is facing rising costs, lengthy permitting, public backlash, and clear opposition from the Trump administration which is determined to stifle its growth.

As renewable energy grows, coal power continues to decline. The U.S. will retire twice as much coal power this year as it did last year, closing about 5% of the country’s capacity. Not only are older coal plants shutting down; the remaining plants are generating less power.

One of the most significant changes in technology over the last few decades has been the massive drop in the cost of clean energy. Solar photovoltaic costs have fallen by 90% in the past decade, onshore wind by 70%, and batteries by more than 90%. The connection between cost reduction and volume has been very strong: costs of these technologies have fallen by around 20% every time global cumulative capacity doubles. Over the past 40 years, solar power has transformed from one of the most expensive electricity sources to the cheapest in many countries. That trend is likely to continue. Setting politics aside, market forces generally are the strongest driver.

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U.S. Solar and Batteries Headed for Record Year

Photo, posted December 16, 2024, courtesy of Bureau of Land Management California via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Renewables progress

November 5, 2024 By EarthWise Leave a Comment

According to a new report by the International Energy Agency, the world is on track to produce nearly half of the electricity it uses from renewable sources by the end of this decade. The report also finds that in nearly every country, large wind and solar plants are the cheapest forms of new power.

Between now and 2030, countries will add more than 5,500 gigawatts of new renewable capacity. That is as much as China, India, the U.S., and the EU combined have at present. Most of the new capacity will come from solar power.

China is aggressively pursuing renewable power installations with massive solar and wind projects. By 2030, China will account for nearly half of the world’s renewable power capacity.

This year’s UN Climate Change Conference, held in the United Arab Emirates, established the goal of tripling renewable energy capacity worldwide by 2030.

The growth in solar power continues to outperform industry expert projections as manufacturing ramps up. India and the U.S. are both expected to triple their solar manufacturing capacity by the end of this decade. Manufacturing, largely based in China, is already outstripping demand.

By 2030, solar and wind power are expected to account for about 30% of global electricity generation, hydropower about 13%, and other renewables such as geothermal power about 5%.

These estimates are based on existing policies and market conditions. Governments could speed up the shift to clean energy by cutting red tape and by making it cheaper for poorer countries to finance solar and wind projects.

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Renewables 2024

Photo, posted November 23, 2023, courtesy of Rick Obst via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Lithium Mining And Andes Ecosystems | Earth Wise

October 28, 2022 By EarthWise Leave a Comment

A remote region in the high Andes straddling the borders between Argentina, Bolivia, and Chile has become known as the Lithium Triangle. The area has become the focus of a global rush for lithium to make batteries for electric cars. The global demand for lithium is expected to quadruple by 2030 to 2.6 million tons a year.

According to the U.S. Geological Survey, more than half of the world’s lithium reserves are dissolved in ancient underground water within the Lithium Triangle. The cheapest way to extract the lithium is to pump the underground water to the surface and evaporate it in the sun to concentrate the lithium carbonate contained in it.

Every ton of lithium carbonate extracted using this cheap, low-tech method dissipates into the air about half a million gallons of water that is vital to the arid high Andes. The process lowers water tables and has the potential to dry up lakes, wetlands, springs, and rivers. Hydrologists and conservationists say the lithium rush in Argentina is likely to turn the region’s delicate ecosystems to deserts.

The global drive for green vehicles to fight climate change has the potential to be an ecological disaster in this remote region of South America and for the indigenous people who live there.

The environmental impacts are not an inevitable price for the transition to electric vehicles. First of all, there are alternatives to lithium. Both zinc and nickel are potential substitutes in rechargeable batteries. But, there are also ways of obtaining lithium that are less destructive than evaporating the metal from saline ecosystems. It is up to battery manufacturers, automakers, and financiers to start demanding lithium from sources that are less environmentally destructive.

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Why the Rush to Mine Lithium Could Dry Up the High Andes

Photo, posted September 25, 2015, courtesy of Nuno Luciano via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Cutting The Cost Of Energy Storage | Earth Wise

September 9, 2021 By EarthWise Leave a Comment

The cost of both solar and wind power continues to drop making the two renewable energy sources the cheapest way to make electricity in more and more places. Given the virtually inexhaustible supply of both wind and sun power, these clean electricity sources can in principle meet all our energy needs. The hang up is that both of them are intermittent sources – the wind doesn’t blow all the time and the sun doesn’t shine all the time.

The solution to the intermittency problem is energy storage. If energy produced by wind and sun can be stored so it can be made available for use at any time, then the goal of having 100% clean energy can be realized.

Energy storage technology has continued to improve over time and to get cheaper. The Department of Energy recently announced a new initiative aimed at accelerating both of these trends.

The new program – called Long Duration Storage Shot – has the goal of reducing the cost of grid-scale, long-duration energy storage by 90% within this decade.

Long-duration energy storage is defined as systems that can store energy for more than ten hours at a time. Such systems can support a low-cost, reliable, carbon-free electric grid that can supply power even when energy generation is unavailable or lower than demand. With long-duration storage, solar-generated power can be used at night.

The program will consider multiple types of storage technologies – electrochemical (that is: batteries), mechanical, thermal, chemical carriers, and various combinations thereof. Any technology that has the potential to meet the necessary duration and cost targets for long-term grid storage are fair game for the program.

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DOE announces goal to cut costs of long-duration energy storage by 90%

Photo, posted October 16, 2017, courtesy of UC Davis College of Engineering via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Insanely Cheap Energy | Earth Wise

June 11, 2021 By EarthWise Leave a Comment

The International Energy Agency, founded in 1974, keeps track of the world’s energy systems and anticipates how they are likely to change over time. Policymakers around the world look to the agency’s annual World Energy Outlook publication for guidance.

In 2000, the agency made the prediction that by the year 2020, there would be a total of 18 gigawatts of photovoltaic solar power installed. Within seven years, that number was already too small.

The IEA was not the only source to miss the mark on solar power. The head of solar analysis at BloombergNEF in 2005 expected solar to eventually supply 1% of the world’s electricity. It is already 3% and Bloomberg now predicts that it will be 23% by 2050 and expects that to be an underestimate.

What has happened is that the world has unexpectedly gotten to the point where solar is the cheapest source of energy in most places. Over the past decade, every time solar production capacity has doubled, its cost has dropped by 28%.

Historically, a combination of groundbreaking research in Australia and intense Chinese industrial development led to the creation of a massive new industry. When Germany passed laws encouraging the use of solar power, suddenly there was massive global demand and a struggle to keep up with supply.

The industry had its fits and starts, and many players fell by the wayside. But at this point, solar technology continues to get better and cheaper. Market forces are pretty hard to beat and when solar technology can supply insanely cheap energy, it is going to be used in more and more places.

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‘Insanely cheap energy’: how solar power continues to shock the world

Photo, posted January 10, 2020, courtesy of Tony Webster via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Ever Cheaper Solar Power | Earth Wise

May 14, 2021 By EarthWise Leave a Comment

The price of electricity from solar panels has been dropping dramatically over the last decade. The average cost of utility-scale solar power has gone down more than 80% since 1980, making it the least expensive power source in many places. The plunging price of solar power is one of the driving forces behind the transition to clean energy.

The 2020 average cost of solar power was 4.6 cents per kilowatt-hour. The Department of Energy has recently set a target of reducing the cost of solar power by more than half again by 2030, to an unsubsidized average of 2 cents per kilowatt-hour. The 2-cent goal is not just the ordinary cost of electricity; it is the levelized cost of energy which is based on a formula that includes the cost of construction and operation of a power plant.

If the least expensive power source becomes that much cheaper, it will really shake the foundation of many energy debates. One of these debates is how to meet the need for more interstate power lines to transport renewable energy from rural areas to population centers. If large amounts of additional renewable energy sources are added, policymakers will need to work harder to reform the regulatory system to make sure that new interstate power lines get built.

If the average cost of solar power reaches 2 cents a kilowatt-hour, the actual price will be lower in sunnier regions and higher in those that get less sun. However, the continuing decrease in solar electricity costs will actually have the greatest impact in the northern, less sunny regions, because solar power may not currently be the least expensive option there but it will become the cheapest alternative over time.

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Inside Clean Energy: What Happens When Solar Power Gets Much, Much Cheaper?

Photo, posted May 14, 2020, courtesy of Courtney Celley/USFWS via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.