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Super power: Here’s how to get to 100pct wind, solar and storage by 2030 — RenewEconomy

Deep disruption: New report from futurist Tony Seba and RethinkX says transition to 100pct renewables possible by 2030, and the “super” surplus of wind and solar can be used to power transport and industry. The post Super power: Here’s how to get to 100pct wind, solar and storage by 2030 appeared first on RenewEconomy.

Super power: Here’s how to get to 100pct wind, solar and storage by 2030 — RenewEconomy

A team led by renowned Stanford University futurist Tony Seba says most of
the world can transition to 100 per cent wind, solar and storage
electricity grids within the coming decade, in what they describe as the
fastest, deepest and most profound disruptions ever seen in the energy
industry.

The RethinkX team led by Seba, one of the few analysts to
correctly forecast the plunging cost of solar over the last decade,
predicts that the disruption caused solar, wind and lithium-ion battery
storage, or SWB, will be similar to the digital disruption of information
technology. “Just as computers and the Internet slashed the marginal cost
of information and opened the door to hundreds of new business models that
collectively have had a transformative impact upon the global economy, so
too will SWB slash the marginal cost of electricity and create a plethora
of opportunities for innovation and entrepreneurship.”

“Our analysis
shows that 100% clean electricity from the combination of solar, wind, and
batteries (SWB) is both physically possible and economically affordable
across the entire continental United States as well as the overwhelming
majority of other populated regions of the world by 2030.

“Adoption of
SWB is growing exponentially worldwide and disruption is now inevitable
because by 2030 they will offer the cheapest electricity option for most
regions. Coal, gas, and nuclear power assets will become stranded during
the 2020s, and no new investment in these technologies is rational from
this point forward.”

The analysis from Seba and the RethinkX team is just
the latest of a series of important reports that have been released in
recent weeks and months that look at the pace of technology change, the
energy transition and climate goals.

October 29, 2020 - Posted by Christina Macpherson | 2 WORLD, renewable