Energy Storage Could Help Americans Save $20 Billion by 2050
Solar energy could potentially power a third of Western U.S. by 2050 , if the U.S. Department of Energy’s Sunshot Initiative meets its targets. The Sunshot program is a government effort to bring down the cost of solar energy so as to make it comparable to and competitive with other sources of power. Researchers at the University of California, Berkeley, released the results of its study, “Sunshot Solar Power Reduces Costs and Uncertainty in Future Low-Carbon Electricity Systems” and made the promising but nonetheless bold forecast for solar energy. The report also predicts that the shift to a solar-dominated power infrastructure could help customers shave 14% off their bills, to the tune of about $20 billion midway through the century.
Key to better solar deployment figures, though, is the implementation of grid-scale energy storage technologies. Dan Kammen, a UC Berkeley professor who spearheaded the study, said that “the lower estimated ratepayer cost is partly attributable to the coordinated investment in new power plants, transmission lines, storage, and demand response”.
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