Dramatic fall in price of solar power – shows no sign of stopping
Energy rEVolution: Cheap Lithium Batteries And Solar Price Hitting Record Low Of 2.42c/kWh, And May Fall Further http://kirillklip.blogspot.com.au/2016/09/energy-revolution-cheap-lithium.html We are witnessing the tipping point in the disruption of Energy Industry: Solar Power becomes the cheapest source of generated energy! ReNewEconomy provides the mindboggling data on the speed of race to the bottom of the cost for Solar Power. What is very important here that this new record of US $2.42c/kWh was set not in the lab, but by the biggest manufacturer in the world JinkoSolar.
“I do hope that I do not really have to address this issue anymore. Numerous studies have already confirmed that even with the existing energy mix in the US grid a few years ago Electric Cars were much cleaner than ICE ones on the full life cycle. From lithium battery making including the production of lithium to the electricity to charge this battery. Now they are getting even cleaner with the energy mix of the US grid taken over by the renewables.
What is very important to note today is that renewable energy is breaking records every single month this year even in the US. Energy Storage with lithium batteries will be next to grow exponentially and will consume even more lithium batteries capacity and lithium than EVs. Fossil Fuels are consumable resources and renewables are technology. The functions for the progress of development for Solar Power and Lithium Batteries are not the same as the famous Moore’s, but still very impressive with prices going down dramatically over the period of time with mass volume production. Particularly in the case with Solar Power, we are getting into the stage when the dramatic decrease in cost have made Solar the cheapest source of energy ever already. Cheap lithium batteries change everything
and now we can store electricity, the most efficient form of energy known to us, and use it when we want it. Read more.
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