Alert! Germans study finds Solar cheaper than Coal! The Germans are getting smarter!:)
More Danger Signs Ahead For Fossil Fuels
The cost of financing new power plants is also going to have a significant effect on parity between solar and fossil fuels, and the warning signs have already been floated where fossil fuels are concerned.
Earlier this spring we noted that Moody’s foresees dark skies ahead for conventional thermal power plants in Europe due to the strength of the renewables sector. Just about the only thing keeping the conventional sector afloat is the need to satisfy peak demand, but the rapid development of advanced energy storage solutions could make that a moot point sooner rather than later.
That naturally includes utility scale energy storage, ranging from pumped hydro to a massive dry cell battery array in Texas.
Aside from that, small-scale energy storage is also rapidly emerging as a big time player in the peak demand game. Aside from the potential for storing energy from rooftop solar arrays in the form of fuel cells, Navigant is one research company that foresees growth in the use of electric vehicle batteries to store energy for peak periods.
Here in the US you can see that EV/peak energy storage trend hard at work in Ford’s MyEnergi Lifestyle system, which recently upped the ante by partnering with the major US home builder KB Home’s