Renewables are increasingly becoming more attractive as their costs continue to drop at a stunning pace. Solar and wind plants are now not only significantly cheaper than coal power, as a new report revealed last week, but they’re also putting natural gas to shame. New research shows that the cost of batteries has been declining so unexpectedly quick that renewables plus battery storage are now cheaper than natural gas plants in many applications. The recent study conducted by Bloomberg New Energy Finance reports that electricity prices “for onshore wind, solar PV, and offshore wind have fallen by 49 percent, 84 percent, and 56 percent respectively since 2010”. On top of that, costs for lithium-ion battery storage has dropped 76 percent since 2012 – and plunged 35 percent in the past year alone. These price drops have been global game changers and are expected to smooth out the process of transitioning the world to greener sources of energy.
Better battery storage is helping make renewables cheaper than natural gas
More of Today's Solutions
More US states and cities are boosting minimum wages in 2026. What does it me...
BY THE OPTIMIST DAILY EDITORIAL TEAM As the federal minimum wage remains frozen at $7.25 an hour, unchanged since 2009, cities and states across ...
Read More3 organization hacks for Type B brains that actually work
BY THE OPTIMIST DAILY EDITORIAL TEAM Scroll through any productivity blog or time-management book, and you’ll find a familiar formula: rigid routines, detailed planners, ...
Read MoreAn easy hack to counteract the harmful health effects of sitting all day
Humans are not designed to spend the entire day seated. Nonetheless, billions of us do it at least five days per week, as Western ...
Read MoreEnsuring no pet goes hungry: The rise of pet food banks in the UK
Pete Dolan, a cat owner, recalls the tremendous help he received from Animal Food Bank Support UK, a Facebook organization that coordinates volunteer community ...
Read More
