NewEnergyNews: QUICK NEWS, December 4: New Energy Beating Old Energy In The Market, Part 1; New Energy Beating Old Energy In The Market, Part 2

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Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • Weekend Video: Colbert On The President’s Climate Policy
  • Weekend Video: Breaking Down The Climate Change Report
  • Weekend Video: The Battery Factory That Could Save The World
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-New Energy Is A Matter Of Life And Death
  • FRIDAY WORLD HEADLINE-Russia Crawls Ahead On New Energy
  • FRIDAY WORLD HEADLINE-China Gets Huge Jobs Boost From New Energy
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, December 6:

  • TTTA Thursday-More People Begin To Believe What They Are Seeing
  • TTTA Thursday-The First Big Utility Commits To Zero Emissons
  • TTTA Thursday-New Energy Beating Old Energy In The Market, Part 3
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: End of the 'gas rush?' Renewables, storage reaching cost parity, report finds
  • ORIGINAL REPORTING: Grid mod policy actions jump 75%, with storage playing a central role
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: Builders And Buyers Of Zero Energy Homes
  • QUICK NEWS, December 4: New Energy Beating Old Energy In The Market, Part 1; New Energy Beating Old Energy In The Market, Part 2
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • TODAY AT NewEnergyNews, December 10:

  • TODAY’S STUDY: The Way To A U.S. Offshore Wind Industry
  • QUICK NEWS, December 10: Climate Change, Nuclear War, And The Slow Tomorrow; Are T-RECs The Key To Real 100% New Energy?

    Tuesday, December 04, 2018

    QUICK NEWS, December 4: New Energy Beating Old Energy In The Market, Part 1; New Energy Beating Old Energy In The Market, Part 2

    New Energy Beating Old Energy In The Market, Part 1 Plunging Prices Mean Building New Renewable Energy Is Cheaper Than Running Existing Coal

    Megan Mahajan, December 3, 2018 (Forbes)

    A new report reveals 42% of global coal capacity is currently unprofitable, and the United States could save $78 billion by closing coal-fired power plants in line with the Paris Climate Accord’s climate goals. This industry-disrupting trend comes down to dollars and cent…The price to build new wind and solar has fallen below the cost of running existing coal-fired power plants in Red and Blue states…Colorado’s Xcel will retire 660 megawatts (MW) of coal capacity ahead of schedule in favor of renewable sources and battery storage, and reduce costs in the process. Midwestern utility MidAmerican will be the first utility to reach 100% renewable energy by 2020 without increasing customer rates, and Indiana’s NIPSCO will replace 1.8 gigawatts (GW) of coal with wind and solar…

    …[This is] dimming the prospects for struggling coal and nuclear plants. The U.S. is on pace for a record 15.4 GW of coal closures in 2018, could close an additional 24.1 GW of coal capacity by 2024, and the U.S. Energy Information Administration projects a 65 GW decline through 2030. Carbon Tracker forecasts that by that time, 100% of U.S. coal capacity will have higher long-run operating costs than renewables…[The proposed White House bailout of Old Energy] was dropped after intense scrutiny from multiple fronts…[because of its] backward-looking approach to keep dirty and expensive energy sources online instead of embracing clean and cheap energy sources…” click here for more

    New Energy Beating Old Energy In The Market, Part 2 Plunging Prices Mean Building New Renewable Energy Is Cheaper Than Running Existing Coal

    Megan Mahajan, December 3, 2018 (Forbes)

    “…Lazard’s annual Levelized Cost of Energy (LCOE) analysis reports solar photovoltaic (PV) and wind costs have dropped an extraordinary 88% and 69% since 2009, respectively. Meanwhile, coal and nuclear costs have increased by 9% and 23%, respectively…[Even without current subsidies, New Energy] costs can be considerably lower than the marginal cost of conventional energy technologies…[C]ustomers save money when utilities replace existing coal with wind or solar…[and] utility solar PV costs will decline 60% by 2050 under mid-level forecasts assuming continued industry growth, and technological breakthroughs [cutting] costs up to 80% by 2050…[O]nshore wind analysis forecasts a 30% cost decline by 2050, which could be up to 58%-64% with breakthroughs…

    This year’s LCOE analysis reported new onshore wind costs $29-$56 per megawatt hour (MWh) to build without subsidies and $14-$47/MWh to build with subsidies. New utility solar PV costs $36-$44/MWh to build without subsidies and $32-$41/MWh to build with subsidies. Comparatively, marginal costs—the cost to operate existing plants—are $27-$45/MWh for coal and $24-$31/MWh for nuclear…[V]alues would be even better if Lazard accounted for external costs from climate change like property damage from extreme weather disasters or human lives lost to air pollution…” click here for more

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