Report: Wind, solar, and battery hybrids now cheaper than coal and gas in prime locations
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@CanaryMediaInc
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Summary
A new report finds that combining wind, solar, and battery storage can already be more affordable than building new coal or gas plants in prime locations. The analysis suggests that 24/7 renewable energy systems could become cost-competitive sooner than widely expected, challenging the notion that renewables need fossil fuel backup for reliable round-the-clock power. The report highlights that in favorable locations, hybrid renewable-plus-storage projects are now cheaper than conventional fossil fuel plants, accelerating the timeline for a fully renewable grid.
Key quotes
· 3 pulledGrouping wind, solar, and batteries together can already be more affordable than building a coal or gas plant in prime locations, new report finds.
24/7 renewables could happen sooner than you think.
The combination of renewable generation and storage is now cost-competitive with fossil fuels in many key markets.
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