THREAD: In 2005, the official Annual Energy Outlook saw power sector CO2 rising from 2,400 to 3,000 MMT by 2020. But actual emissions fell to 1,450 MMT, 52% below projected levels. A new @BerkeleyLab report looks at how we got “halfway to zero.” emp.lbl.gov/publications/h… 1/11
The biggest change was drastically less demand for electricity, due in part to sectoral and economic changes, but also to greater energy efficiency driven by policies and technology advancement. Instead of rising by 24% it was dead flat. 2/11
And as demand stayed flat, cheaper natural gas from the shale gas revolution combined with the rapid growth of wind and solar power to squeeze out coal. Some nuclear retirements were offset by greater output at existing plants. 3/11
Meanwhile, total consumer electricity costs were 18% lower than 2020 projections, even as prices were slightly higher. Less demand meant lower bills -- to the tune of $86 billion a year. 4/11
The “social costs” of power generation were dramatically lower. Damages to human health and the climate were 92% and 52% lower, respectively, as carbon, sulfur and nitrogen oxide emissions all fell. A total social savings of $500 billion in 2020. #halfwaytozero 5/11
The total number of jobs in electricity generation rose by 29%, as a decline in coal jobs was offset by a greater increase in renewable energy jobs.
Looking forward, #windpower and #solarenergy are likely to be the backbone of a future supply. Already 660 GW have requested transmission access, more than half of what might be required to approach a zero-carbon power-sector target. #halfwaytozero 8/11
But that much wind & solar is not trivial. Much is needed to ensure electricity delivery, reliability and resilience, build new transmission infrastructure, change planning and grid operations, revise siting processes, and focus attention on impacted workers and communities. 9/11
Most of all, how do we fill the remaining gap when the wind doesn’t blow and the sun doesn’t shine? Many things could fill the gap (long-duration storage, hydrogen, nuclear, etc.) but further RD&D is needed. #halfwaytozero 10/11
While "Past performance is no guarantee of future results,” a look back shows that big changes are possible over a 15 year span. What will the next 15 years bring, and is getting all the way to zero possible? Read the Halfway to Zero report at emp.lbl.gov/publications/h… 11/11
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As the line to connect generation projects to the grid gets longer, interconnection costs are going up. We collected and analyzed data from the PJM interconnect, our second analysis in a series exploring interconnection costs. Thread… emp.lbl.gov/interconnectio…
Interconnection costs are the upgrades to the grid to accommodate new generation, like new wires, transformers, substations, and broader upgrades to the transmission network. In PJM, most of these costs are borne by developers and can make or break a project. 3/x
The power plant of the future is a hybrid – generation plus storage. Batteries help smooth the output of solar and wind, increasing their value, but raise key questions about grid operations. In a new report we round up our body of research on hybrids. Our TOP TEN findings... 🧵
1) By the end of 2021, there was more than 8,000 MW of wind or solar generation connected to storage in the US. But interconnection queues show thousands of projects proposed, with 280 GIGAWATTS of solar paired with 208 GW of batteries. Other pairings are also possible. 3/x
Our update on the grid interconnection queues is out, and folks, we are in new territory. Terawatt territory. THREAD! emp.lbl.gov/queues
There is now a staggering 1.4 TERAWATTS of generation and storage capacity in interconnection queues in the US – more than the capacity of ALL existing power plants – though most will not be built. For full data and more, see QUEUED UP at emp.lbl.gov/queues. 2/x
As of the end of 2021, there were over 8,100 projects seeking interconnection in the US, with over 1,000 GW of generation and 427 GW of storage.
The enormous queues show strong commercial interest in new development, with over $2 TRILLION in potential investment. 3/x
The race is on! The declining COST of wind and solar power is in a race with declining MARKET VALUE: which will win? New research in Joule looks at trends by region, at emp.lbl.gov/news/declining… THREAD!
While solar has high value at low penetrations, value falls as output grows – solar is 19% of generation in CAISO, with major drops in value. Wind has low value at every penetration, but has faced less value decline with market share to date. 2/x
The biggest value penalties come from the timing of generation not matching high market prices, and from congestion causing pockets of low prices. Curtailment was not a major factor. Value penalties rise with market share. 3/x
We have new data on utility interconnection queues! THREAD! There is now over 750 GW of generation and 200 GW of storage capacity in interconnection queues in the US – a new record. For full data and more, see QUEUED UP at emp.lbl.gov/publications/q…. 1/x
To put that in perspective, the US had a total of 1,117 GW of utility-scale capacity operating last year. While not all projects will get built, it shows strong commercial interest in new development. See the interactive data visualization at emp.lbl.gov/publications/q… 2/x
Solar and wind dominate the queues. Solar is booming, and increasingly paired with storage. Wind queues are consistent around 200 GW, while gas projects in queues have declined. Including estimated battery capacity for some hybrid projects, proposed storage exceeds 200 GW. 3/x
The new @BerkeleyLab compilation of utility-scale #solar data and trends is out! A briefing slide deck, data file, maps, and data visualizations can all be found at utilityscalesolar.lbl.gov.
Here are some highlights → THREAD
More than 4.5 GW of utility-scale (>5 MW) solar came online in 2019, bringing cumulative capacity to 29 GW. Projects are spread across all 10 regions that we track, though more heavily concentrated in the sunniest regions. Maps and data available at utilityscalesolar.lbl.gov. 2/x
The median installed cost of new projects in 2019 fell to $1.4/W-AC, down 20% from 2018 and more than 70% from 2010. 77% of projects and 88% of capacity added in 2019 used single-axis tracking. More details in the new @BerkeleyLab data resource at utilityscalesolar.lbl.gov. 3/x