Think-tank RethinkX has published a provocative report claiming that 100% solar, wind and battery-powered (SWB) systems are will become a commercial reality this decade, and will unleash profound changes not just within the energy industry but throughout the economy and society at large. Systemic disruption will be profound, decimating incumbents and opening up entirely new economic and industrial activity that is inconceivable under the existing fossil fuels-based energy system.
The report claims that 100% SWB systems are not only possible but will turn out to be, by far, the cheapest and most cost-effective means of powering human civilisation into a prosperous 21st century characterised by abundance, equality and an end to rampant resource exploitation that is fuelling climate change.
It is quite utopian in that regard, but the fundamental concept of radical S-shaped disruption seems to hold true when you consider deployment and cost reduction curves of solar, wind and battery tech.
What do you think? Is this complete pie in the sky? Does it overlook constraints e.g. mineral resources needed to manufacture the volume of permanent magnet generators and lithium ion storage envisaged?