Energy Gang
Be of good cheer! Reasons to feel optimistic about the energy transition at the end of 2023
Dec 22, 2023
On this episode, Ed Crooks is joined by Melissa Lott and Amy Myers-Jaffe as they share their reasons to be cheerful this holiday season. Ed highlights the drop in the cost of solar modules, driving the adoption of solar energy. Amy discusses the continued growth of EV sales, despite setbacks. Melissa chooses the start of construction for Form Energy’s factory, making batteries for long-duration energy storage. The gang also exchanges gifts and discusses EV charger repair and reliability, as well as the board game PowerGrib.
44:03
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Quick takeaways
- The precipitous drop in the cost of solar modules is making solar power highly competitive against fossil fuels and driving global adoption of solar energy.
- Despite negative commentary, the growth of EV sales remains strong, with a projected increase of 35% in 2023, indicating the long-term positive outlook for electric vehicles.
Deep dives
Reasons to be Cheerful: Falling Costs of Solar Power
The cost of solar modules in China has reached a record low of 15 cents per watt, down from the goal of $1 per watt a decade ago. This significant drop in cost shows the incredible competitiveness of solar power and its potential as a highly competitive option against fossil fuel power generation. Additionally, there is still room for further cost reductions, indicating that the era of falling costs for clean energy is not over. The rapidly growing solar power industry is expected to continue expanding globally, contributing to a rapid increase in renewable energy capacity.
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