New Solar + Battery Price Crushes Fossil Fuels, Bu
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Posted On: 07/01/2019 2:20:49 PM
New Solar + Battery Price Crushes Fossil Fuels, Buries Nuclear
https://www.forbes.com/sites/jeffmcmahon/2019...6139b95971
Quote:
Later this month the LA Board of Water and Power Commissioners is expected to approve a 25-year contract that will serve 7 percent of the city's electricity demand at 1.997¢/kwh for solar energy and 1.3¢ for power from batteries.
"This is the lowest solar-photovoltaic price in the United States," said James Barner, the agency's manager for strategic initiatives, "and it is the largest and lowest-cost solar and high-capacity battery-storage project in the U.S. and we believe in the world today. So this is, I believe, truly revolutionary in the industry."
It's half the estimated cost of power from a new natural gas plant.
A natural-gas plant opening that same year would produce power at more than twice the price, according to the U.S. Energy Information Agency, or 4¢-4.3¢/kwh. The agency did not bother modeling the estimated cost of coal or nuclear plants in its 2019 Energy Outlook because, it says, none are expected to be built. Nuclear often benefits from optimistic estimates in the range of 12¢/kwh. Nuclear's advantage has been its constancy and reliability, an advantage cheap storage increasingly challenges.
The lowest known solar price is 1.97¢ for a project in Mexico that did not include storage.
https://www.forbes.com/sites/jeffmcmahon/2019...6139b95971
Quote:
Later this month the LA Board of Water and Power Commissioners is expected to approve a 25-year contract that will serve 7 percent of the city's electricity demand at 1.997¢/kwh for solar energy and 1.3¢ for power from batteries.
"This is the lowest solar-photovoltaic price in the United States," said James Barner, the agency's manager for strategic initiatives, "and it is the largest and lowest-cost solar and high-capacity battery-storage project in the U.S. and we believe in the world today. So this is, I believe, truly revolutionary in the industry."
It's half the estimated cost of power from a new natural gas plant.
A natural-gas plant opening that same year would produce power at more than twice the price, according to the U.S. Energy Information Agency, or 4¢-4.3¢/kwh. The agency did not bother modeling the estimated cost of coal or nuclear plants in its 2019 Energy Outlook because, it says, none are expected to be built. Nuclear often benefits from optimistic estimates in the range of 12¢/kwh. Nuclear's advantage has been its constancy and reliability, an advantage cheap storage increasingly challenges.
The lowest known solar price is 1.97¢ for a project in Mexico that did not include storage.
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