Even solar energy’s biggest fans are underestimating it

“That solar power installations are going up as the technology improves and prices come down isn’t too surprising, but the sustained surge is still stunning.

“When you look at the absolute numbers that we’re on track for this year and that we installed last year, it is completely sort of mind-blowing,” said Euan Graham, lead author of the report and an electricity data analyst at Ember.

Several factors have aligned to push solar power installations so high in recent years, like better hardware, economies of scale, and new, ripe, energy-hungry markets. Right now, solar still just provides around 5.5 percent of the world’s electricity, so there’s enormous room to expand. But solar energy still poses some technical challenges to the power grid, and the world’s ravenous appetite for electrons means that countries are looking for energy wherever they can get it.

So if you’re concerned about climate change, it’s not enough that solar wins; greenhouse gasses must lose.”

“Energy storage technologies like batteries are also getting way better and cheaper. The price of batteries has tanked 97 percent since 1991. Because of better technology, falling costs, and more markets for saving power, the US is on track to double its grid energy storage capacity compared to last year. More than 10 gigawatts of solar and storage came online in 2023 across the country and that’s likely to double this year. “Energy storage is at an earlier stage [than solar] but we are likely to see rapid expansion in that segment, especially in regions where solar and wind penetration are high already such as California and Texas,” said Steve Piper, director of energy research at S&P Global Commodity Insights”

https://www.vox.com/climate/372852/solar-power-energy-growth-record-us-climate-china

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