PV could consist o third of the US energy until 2050
Computer moddelers consider that $1/W can replace gas, nuclear and CCS and pay the price of introducing a carbon cap.
A computer model was designed by scientists of the University of California, Berkeley. The computer proves that solar PV power produced for US$1/W could supply one-third of the electricity needs in the western US.
The Department of Energy’s SunShot Initiative plans to lower the costs of PV energy until to $1/W and the creators of the SWITCH computer model calculated if the purpose is achieved, solar power could replace gas as the provider of electricity generation in the ‘medium term’ and nuclear and carbon capture and storage technology by 2050.
The computer looks at the electricity grid of the western U.S. and predicts that solar will conquer even more if gigawatt-scale storage is used.
The Berkeley modellers also calculated the costs of introducing a cap or tax on carbon could be mitigated by the energy cost savings of $1/W solar supplying one-third of western U.S. electricity.
After SunShot Initiative’s calculations, $1/W solar energy can lower energy costs until 14% , leading to annual saving of up to $20 billion by 2050.
Furthermore, the Department of Energy also reports that the beta of two popular online solar tools developed by the National Renewable Energy Laboratory (NREL) will be launced.
Visitors can enjoy an upgraded version of launch- that can estimate the cost of of energy production and grid connected PV energy costs globally, and the System Advisor Tool (SAM) that developers use to estimate the performance and financial modelling of planned solar projects.
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