• bsi-innovation
  • bsi-learning
  • bsi-people
  • bsi-wealth
  • bsi-capital

Solar Energy Plant replacing gas, fossils and nuclear

The cheapest solar + battery-storage project in the world is being built on over 2500 acres at The Eland Solar Site in  the Barren Ridge renewables corridor in Kern County, USA 

Price of energy to be supplied at a fraction of gas and nuclear 

The plant is being built at half the estimated cost of power from a new natural gas plant, with the first megawatt planned to be released in April 2023 (being eligible for the 30pc tax credit) 

The LA Board of Water and Power Commissioners is expected to approve a 25-year contract that will serve 7 percent of the city’s electricity demand at 1.997¢/kwh for solar energy and 1.3¢ for power from batteries.

The price is a fraction of the  4c/kWh of natural gas and 12c/kWh of Nuclear

This is expected to be the lowest solar-photovoltaic price in the United States and the largest and lowest-cost solar and high-capacity battery-storage project in the U.S. 

What the pundits say

Mark Z. Jacobson, the Stanford professor who developed roadmaps for transitioning 139 countries to 100 percent renewables, hailed the development on Twitter Friday, saying, “Goodnight #naturalgas, goodnight #coal, goodnight #nuclear.”

The anti-nuclear activist Arnie Gunderson, who predicted storage prices under 2¢/kwh four years ago on the night Elon Musk unveiled the Tesla Powerpack, noted Saturday that his 2015 prediction was too high. He too said, “Goodbye coal, nukes, gas!”

Source – to read more https://www.forbes.com/sites/jeffmcmahon/2019/07/01/new-solar–battery-price-crushes-fossil-fuels-buries-nuclear/





Posted on July 8, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *

referron-logo
BBG-logo
spark-logo
© Copyright 2019 BSI