‘Insanely cheap energy’: solar power continues to shock the world
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Re: ‘Insanely cheap energy’: solar power continues to shock the world
#2Relevant quote: "Every time you double producing capacity, you reduce the cost of PV solar by 28%."
Current worldwide PV manufacturing capacity is roughly 165 GW [1] [2], with a utility scale price close to $0.01/kWh [3]. Manufacturing capacity is doubling every ~4 years. Global PV capacity in service is ~600 GW.
IEA Average global annual capacity additions in main and accelerated cases, 2023-2025: https://www.iea.org/data-and-statistics/charts/average-globa... [4]
[1] https://www.statista.com/statistics/668764/annual-solar-modu...
[2] https://www.iea.org/data-and-statistics/charts/solar-pv-modu...
[3] https://pv-magazine-usa.com/2021/04/12/saudi-arabias-second-...
[4] https://www.iea.org/reports/renewables-2020/solar-pv
EDIT: Thanks to /u/gok for the correction on energy units.
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#3Relevant quote: "Every time you double producing capacity, you reduce the cost of PV solar by 28%." Current worldwide PV manufacturing capacity is roughly 165 GW [1] [2], with a utility scale price close to $0.01/kWh [3]. Manufacturing capacity is doubling every ~4 years. Global PV capacity in service is ~600 GW. IEA Average global annual capacity additions in main and accelerated cases, 2023-2025: https://www.iea.or…
$0.01 per kilowatt hour
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#4Relevant quote: "Every time you double producing capacity, you reduce the cost of PV solar by 28%." Current worldwide PV manufacturing capacity is roughly 165 GW [1] [2], with a utility scale price close to $0.01/kWh [3]. Manufacturing capacity is doubling every ~4 years. Global PV capacity in service is ~600 GW. IEA Average global annual capacity additions in main and accelerated cases, 2023-2025: https://www.iea.or…
From Wikipedia, "Swanson's law is the observation that the price of solar photovoltaic modules tends to drop 20 percent for every doubling of cumulative shipped volume." (Swanson's law is a special case of Wright's law for more general manufacturing costs, and is a misnomer.)
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#5Relevant quote: "Every time you double producing capacity, you reduce the cost of PV solar by 28%." Current worldwide PV manufacturing capacity is roughly 165 GW [1] [2], with a utility scale price close to $0.01/kWh [3]. Manufacturing capacity is doubling every ~4 years. Global PV capacity in service is ~600 GW. IEA Average global annual capacity additions in main and accelerated cases, 2023-2025: https://www.iea.or…
Fusion power you can install on your roof. Throw in a little storage and a decent climate and the power companies are on track to be thoroughly screwed.
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#6One of the best things about this tech is how effective it is at domestic scale. My small roof in London generated 26kWh of electricity today. About 3X what we consumed.
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#7Relevant quote: "Every time you double producing capacity, you reduce the cost of PV solar by 28%." Current worldwide PV manufacturing capacity is roughly 165 GW [1] [2], with a utility scale price close to $0.01/kWh [3]. Manufacturing capacity is doubling every ~4 years. Global PV capacity in service is ~600 GW. IEA Average global annual capacity additions in main and accelerated cases, 2023-2025: https://www.iea.or…
From Wikipedia, "Swanson's law is the observation that the price of solar photovoltaic modules tends to drop 20 percent for every doubling of cumulative shipped volume." (Swanson's law is a special case of Wright's law for more general manufacturing costs, and is a misnomer.) https://en.wikipedia.org/wiki/Swanson%27s_law
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Re: ‘Insanely cheap energy’: solar power continues to shock the world
#8One of the best things about this tech is how effective it is at domestic scale. My small roof in London generated 26kWh of electricity today. About 3X what we consumed. https://twitter.com/edent_solar
My house in California is peaking around 70kWh this time of year (April, 14kw system), well more than we're using. I can charge my tesla during the day and still be exporting to the grid. Most afternoons my house is probably powering every house on my street.
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#9All this energy !
Can't be stored (don't tell me about lithium, please do the math…), and it's not there at night.
Re: ‘Insanely cheap energy’: solar power continues to shock the world
#10This is why pushing for free markets is the most effective solution for combating fossil fuel dependencies.