Global New Energy Demand Enablers
Demand For Renewable Energy Jumps Tremendously As Costs Decline
James Lee, 17 October 2018 (Forbes Middle East)
“…[Three key enablers—price and performance parity, grid integration, and technology—allow solar and wind power to compete with conventional sources on price, while matching their performance…[According to Deloitte’s just released “Global Renewable Energy Trends,” prices for New Energy prices will continue to fall and accessibility to it will continue to grow due to] technologies such as blockchain, artificial intelligence (AI), and 3-D printing…Longstanding obstacles to greater deployment of renewables have receded as a result…
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…Once seen as an obstacle, wind and solar power are now viewed as a solution to grid balancing.They have demonstrated an ability to strengthen grid resilience and reliability and provide essential grid services…[And] automation and advanced manufacturing are improving the production and operation of renewables by reducing the costs and time of implementing renewable energy systems…” click here for more
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