Grid Modernization – Preparing for the Future
- Jun 19, 2020 3:20 pm GMT
This item is part of the Grid Modernization - Pushing Boundaries - Summer 2020 SPECIAL ISSUE, click here for more
“The best way to predict the future is to create it.” - Abraham Lincoln
“With continued technology improvements and cost declines, we expect that without incentives, wind is going to be a $0.02 to $0.025 per kilowatt hour product, and solar is going to be a $0.025 to $0.03 per kilowatt hour product early in the next decade. Combining these extremely low costs with a $0.005 to $0.0075 adder for a four-hour storage system will create a nearly firm renewable generation resource that is cheaper than the operating cost of coal, nuclear, and less fuel-efficient oil and gas-fired generation units. We continue to believe that this will be massively disruptive to the nation's generation fleet and create significant opportunities for renewable growth well into the next decade.”
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