Solar and Wind Plunging Below Fossil Fuel Prices | Ramez Naam: "... Inside of a decade, in most of the US and most of the world, solar or wind will be cheaper than coal or natural gas on an instantaneous, non-stored basis. This trend appears inexorable. And so long as there is demand for more energy at the hours at which solar and wind are delivering (which is the case right now), then the situation is great.
The long-term obstacle, beyond perhaps 20% of grid penetration, is ‘dispatchability’ – the ability to issue the precise amount of energy needed, when it’s needed – perhaps hours after the energy is generated (for example, at night, when the sun isn’t shining, or during still hours of the day), or perhaps just minutes later. That means storage..."
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