Solar Overtakes Coal in EU
semafor.com
semafor.com
I use a guesstimate that an developed economy needs around 1000W per capita. So at 80W per year you hit that in 12 years. Probably faster since the rate of increase is accelerating.
Batteries are still relatively expensive, in the region of $80 for a storage MWh although pumped hydro is quite a bit better than that. Still what is going to happen is in the next few years on the sunniest days and the windiest days power is going to be free or even at the point where you get paid for using it. Whole businesses are going to be based on storing this power for the long term and using it.
Unlike with Gas/Coal etc where we choose the output with renewables we need to control the consumption more, that means more storage but it also means systems that align power consumption with when its cheap. Some people are already doing this in their homes and charging batteries when the grid provides cheap power but my hope is that businesses will pop up to use that power to capture and store CO2. There is absolutely money to be made in this market and software for building smart systems in homes and across countries that balance these systems.
The actual gap is in energy used for heating or transportaion directly, not in the electricity generation.
I am somewhat stumped why Europe has not fast tracked battery production, as China did, and the US did late with the Inflation Reduction Act. Something to solve for if you don't want to be beholden to China or US battery supply chains and availability.
[1] France’s 2024 Power Grid Was 95% Fossil Free as Nuclear, Renewables Jumped - https://www.bloomberg.com/news/articles/2025-01-20/france-s-... | https://archive.today/Spmqf - Jan 2025
Do you have a viable idea for widespread power accumulation capacity? Grid batteries or pumped water?