Solar, wind costs could fall up to 59 percent by 2025, study says

[nationalize the fed]

Reuters, June 15, 2016

The average cost of electricity generated by solar and wind energy could fall by up to 59 percent by 2025 if the right policies are in place, a report by the International Renewable Energy Agency (IRENA) said on Wednesday.



Since 2009, solar photovoltaic (PV) module prices have fallen by 80 percent and wind turbine prices have fallen by around 30-40 percent as renewable energy capacity has grown to record levels and technologies have improved.

Solar and wind technologies can continue to fall in price to 2025 and beyond if governments set policies to minimize transaction costs and to streamline administrative procedures and approval processes, the report said.

IRENA estimates the global weighted average levelized cost of electricity (LCOE) of solar PV could fall by 59 percent by 2025 from 2015; the LCOE of offshore wind could fall by 35 percent and the LCOE of onshore wind by 26 percent...snip
Read More: http://uk.reuters.com/article/us-renewables-cost-idUKKCN0Z10QD

IRENA Study: The Power to Change: Solar and Wind Cost Reduction Potential to 2025
http://www.irena.org/menu/index.aspx?mnu=Subcat&PriMenuID=36&CatID=141&SubcatID=2733

Question: How much does a Kg of Hydrogen cost when the price of electricity is .03/kWh?
Answer: About $1.50. That's why Solar Hydrogen is the fuel of the future. And the future is now.

[tonyt53]

1. But we still have a long way to go on storage and distribution.

[nationalize the fed]

2. The US does

because hydrogen storage is being ignored.

But Japan, Korea, Germany, Scotland and others are way ahead of those who nitpick about what to call Hydrogen.

Hydrogen and wind: Allies for sustainable energy
Deutsche Welle? | Irene Baños Ruiz | 15.6.16

Integrating hydrogen technologies and wind power could lead the way toward 100 percent renewable energy. But the path is under construction - and still requires a lot of hard work.

At wind farm close to Zaragoza – famously Spain's own windy city – the blades of giant turbines spin relentlessly. Their imposing figures towering above the landscape would have had Don Quixote shaking in his boots. http://www.dw.com/en/hydrogen-and-wind-allies-for-sustainable-energy/a-19330382



The US is provoking Russia instead of concentrating on energy independence. EVERY DAY the US spends ~$200 MILLION DOLLARS ON WAR. Washington DC doesn't care about storing renewable energy. That's why others are leading this green revolution.

[whatthehey]

3. How far can a car go on 1kg of hydrogen

And to compare apples to apples, how far can one go on 50 KWh since you are projecting .03c for that?

[nationalize the fed]

4. The Toyota Mirai goes about 65-70 miles

per Kg of H2.

And they've got the fuel cell down to around ~30 grams of platinum, from ~90 in the first models.

~50 kWh= 1 kg h2

And the 50 kWh will go down as electrolyzer efficiency rises. There are new electrolyzers in France that get >90% efficiency. But all of our "scientists" are either perfecting the latest drones or surveillance tech. So it goes.

You can cook and heat your house with H2 as well, and it's safer than natural gas and propane.

[whatthehey]

5. And a typical EV goes 200 miles or more on 50KWh

[nationalize the fed]

6. People will gladly trade some efficiency for time and/or convenience

They do it EVERY DAY.

Would someone who's time is worth $200 per hour trade a 45 minute charge for 5 minute hydrogen fill up? You bet.

Why do people buy cars that get ~20 mpg now? Because they trade efficiency for something else.

Edit to add: This "war' between fuel cells and battery only vehicles is contrary to the goal of getting more EV's on the road. How does someone without a garage to charge in drive an EV? H2 makes it possible.

The future is fuel cells and batteries. Don't believe me, take a look:
https://www.youtube.com/user/H2FCHannover/videos?flow=grid&view=0

[whatthehey]

8. That charge 99% of the time is when you are sitting at home

65% of Americans own their own home. Many others rent houses or apartments with plugs in parking areas. Plugs are everywhere and free. Hydrogen stations cost thousands and will for decades.

[OKIsItJustMe]

7. See also, this different study

http://www.democraticunderground.com/1127102511