Why New Energy Is The Future
Declining Costs and Technology Are Powering Renewable Energy Demand…
September 13, 2018 (Deloitte via PR Newswire)
“…[There are three key enablers that are allowing] solar and wind power to compete with conventional sources on price, while matching their performance…[First, the] unsubsidized cost of solar and wind power has become comparable or cheaper than traditional sources in much of the world. New storage options are now making renewables more dispatchable — once an advantage of conventional sources…[Also, wind] and solar power are now viewed as a solution to grid balancing…[and] have demonstrated an ability to strengthen grid resilience and reliability and provide essential grid services…[Finally, technologies like blockchain, artificial intelligence (AI), and 3-D printing are] accelerating the deployment of renewables…Already among the cheapest energy sources globally, solar and wind [costs continue to fall and accessibility is increasing, and] the demand for renewables [across multiple markets] is growing rapidly…” click here for more
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