> “And on top of that, electricity production is only ~40% of carbon emissions.”
We are electrifying heating and transport. As a result about 80% of end-use energy will end up being electricity.
We are electrifying heating and transport. As a result about 80% of end-use energy will end up being electricity.
The motto "electrify everything" is used. It is not a big surprise that this, and developing nations growth, requires electricity.
That's why everyone is really pleased that renewables and batteries are the cheapest way to deploy electricity generation in history.
> the state's higher storage target and DPS and grid operator support will slash costs to $150-$200 kWh by the end of the decade, based on BloombergNEF estimates.
They have dropped an order of magnitude since 2008, so I'd maybe expect a few more years before it does it again but that does appear to be the current prediction.
If their predictions are that costs are going to decrease, but when push comes to shove costs increase above expectations then what does that say about the value of these predictions?