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Solar power is the future. The drop in price in the last 20 years is absolutely wild. The charts in this article show this. What's encouraging is that it's pret
by jmyeet 2y ago
Solar power is the future. The drop in price in the last 20 years is absolutely wild. The charts in this article show this. What's encouraging is that it's pretty steady progress. It's hard to predict when or where that ends.
Batteries continue to get cheaper (also covered). This matters too because storing energy solves the base load "problem". Batteries aren't the only way to store energy either. There continue to be advances in the so-called "power-to-gas" technology, where you essentially use excess power to make fuel, usually from CO2 in the air. This isn't currently economic but it continues to get cheaper. It also provides an upper ceiling on how expensive gas can get.
The LCOE of nuclear in particular is damning [1]. Every single commercial nuclear power reactor has been built with government subsidies too so it doesn't seem like government support is the issue. There are still too many unsolved problems.
Solar is the only method of direct power generation. I think every other method inovles turning a steam turbine. There are no moving parts. They can be installed on everything from wristwatches to power stations to satellites.
[1]: https://www.eia.gov/outlooks/aeo/pdf/electricity_generation.pdf https://www.eia.gov/outlooks/aeo/pdf/electricity_generation....