Solar Energy Now World's Cheapest Power Source, Surrey University Study Finds
By
giuliomagnifico
Hard crust, hollow middle. Skim only.
Summary
A University of Surrey study reveals that solar energy has become the world's cheapest power source, with lithium-ion battery prices dropping 89% since 2010. This makes solar-plus-storage systems cost-competitive with gas power plants, creating reliable dispatchable power that can balance grid demand. The research highlights challenges in connecting large solar installations to existing electricity networks.
Key quotes
· 4 pulledSolar energy is now the world's cheapest source of power
The price of lithium-ion batteries has fallen by 89% since 2010
Solar-plus-storage systems as cost-effective as gas power plants
Turning solar into a more reliable, dispatchable source of power that helps balance grid demand
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