Inaccurate solar energy forecasts severely underestimate growth, creating billions in risks for developers, governments, and utilities. But one simple data extrapolation method improves forecasts to predict much faster growth rate – and a “peak solar” installation point at 2028-2030.
Rumors of the “utility death spiral” abound, but they have been greatly exaggerated. Three major opportunities – new utility regulations and business models, electric vehicle growth, and grid modernization efforts – mean utilities can beat their death spiral prognosis.
In an editorial for China Daily, EI’s Chris Busch says California cap-and-trade offers lessons for China to help set up its national carbon market to generate sustainable growth.
The Future Of Electric Vehicles In The U.S., Part 2: EV Price, Oil Cost, Fuel Economy Drive Adoption
New Energy Innovation research forecasts EVs will reach at least 65% and up to 75% of new light-duty vehicle sales by 2050, and determines how battery prices, the cost of oil, and fuel economy standards will drive EV adoption in the U.S.
New Energy Policy Simulator research predicts EVs will reach 65% of new light-duty vehicle sales by 2050, and could hit 75% by 2050 with high oil prices or battery cost declines. The forecast covers market share expansion, penetration levels along with effects of battery prices, oil prices, and government policy support.
EI CEO Hal Harvey suggests “Buy Clean” legislation could be California’s next opportunity to lead on climate change policy.
The nature of electricity as central to modern life and comfort can hardly be disputed—and so its distribution at a reasonable cost is an essential public policy goal of any society. Electric utilities are the engine for that goal, but that engine is in danger of breaking down under the weight of transition.
Hurricanes Harvey and Irma show how increasingly extreme weather means the U.S. needs a stronger and more resilient grid with more distributed energy resources. Fortunately, energy storage’s rapid cost declines and record-setting installations are doing just that.
EI’s Silvio Marcacci suggests in The Hill that the Trump Administration’s policies will create a legacy of more disasters like Hurricane Harvey.
In a Utility Dive editorial, EI’s Mike O’Boyle analyzes how the recent DOE grid report lays bare the struggle between past and future philosophies through a shifting focus to resilience, and outlines how the grid study’s recommendations could increase flexibility.