25 May '18, 8pm

Amid U.S.' 'Rush To Gas,' Renewable Energy Still Wins: Report - Solar Industry

U.S. electricity generators may be committing their customers and investors to as much as $1 trillion in future investment and fuel costs through 2030 as they rush to build new gas-fired power plants. However, advances in renewable energy and distributed energy resources (DERs) can offer lower rates and emissions-free energy while delivering all the grid reliability services that new power plants can, according to a new report from the independent nonprofit Rocky Mountain Institute (RMI). According to the report, “The Economics of Clean Energy Portfolios ,” in addition to beating proposed gas-fired power plants on a levelized cost basis, clean energy portfolios of renewables and DERs will also increasingly threaten the profitability of existing gas plants. RMI says the fleet of operating U.S. power plants that convert fossil fuels such as coal and natural gas to electricit...

Full article: https://solarindustrymag.com/amid-u-s-rush-to-gas-renewab...

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