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Azeem Azhar's Exponential View
Exponential Growth: Why AI, Solar & Batteries Will Keep Getting Cheaper | Exponential View & Cleaning Up Podcast
Nov 28, 2024
In a captivating conversation, Michael Liebreich, founder of New Energy Finance and host of the Cleaning Up podcast, teams up with Azeem Azhar to tackle the future of energy. They discuss the rapid advancements in AI, solar, and battery technologies, highlighting how these innovations could combat climate change. The duo also delves into the challenges of hydrogen versus battery energy, the monopolization of the energy sector, and the rising energy demands of data centers. Their insights spark a dialogue about the societal implications of this energy transition.
01:10:29
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Quick takeaways
- The significant drop in costs of solar panels and lithium-ion batteries indicates rapid adoption of clean energy technologies akin to mobile telephony.
- Exponential growth in renewable energy can disrupt traditional markets, enabling diverse players to innovate and redefine industry standards.
Deep dives
The Evolution of Clean Energy Technologies
The conversation highlights the significant decline in the costs of clean energy technologies over the decades, particularly emphasizing solar panels and lithium-ion batteries. For instance, the price of solar panels has dropped from $130 to 31 cents, while the cost of lithium-ion battery storage has plummeted from $7,500 to under $50 per kilowatt hour. This trend suggests that as these technologies become more economically viable, their adoption rate will likely accelerate, mirroring the rapid growth seen in mobile telephony. The discussion illustrates the transformative potential of these technologies and speaks to the broader implications for the energy sector and the economy as a whole.
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