2021 Trends and predictions
- Jan 22, 2021 4:39 am GMT
This item is part of the Special Issue - 2021-01 - State of the Industry, click here for more
The obvious ones are:
- Renewable installations will continue to increase in 2021 and will provide most of the new capacity in 2021, but will not equal the energy produced by new, cleaner baseload plants that come on-line. Cost of new renewables will level out because the equipment has become a minority cost in the installations.
- Battery installations will continue to grow, and battery costs will decline, but the installed cost will increase because of increased focus on safety. New pumped storage projects will massively outstrip the energy storage of new battery installations.
- More coal plants will be retired, cutting coal to 4th in total capacity in the U.S. and third in energy produced.
- Public safety shutdowns will continue and expand from the West Coast in 2021. Manufacturers and scientists will be challenged to find the right devices to safely shut down the grid fast enough to stop ignition when dry vegetation hits the line. Customers will continue to pursue legal options to prevent vegetation management on their property.
- COVID will continue to impact operations and construction through all of 2021; we will start to see the light at the end of the tunnel in the fourth quarter, at the earliest. Work from home will continue to be the norm for the industry, except for operations staff and line crews.
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