25 May '18, 11pm

Report Release: The Economics of Clean Energy Portfolios - Rocky Mountain Institute:

Thankfully, new gas plants are not the only option the US has. In a new report released today, Rocky Mountain Institute examines the potential role of “clean energy portfolios,” or collections of renewable energy and distributed energy resources (DERs) that can provide the same grid services as new gas plants. RMI’s analysis finds that, because of recent innovation and rapid cost declines in renewable energy and DER technologies, clean energy portfolios can often be procured at significant net cost savings, with lower risk and zero carbon and air emissions, compared to building a new gas plant. More dramatically, the new-build costs of clean energy portfolios are falling quickly, and likely to beat just the operating costs of efficient gas-fired power plants within the next two decades—a sobering risk for investors and customers in a market with over $100 billion of alread...

Full article: https://rmi.org/news/report-release-the-economics-of-clea...

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