In short, solar production had increased steeply between 2000 and 2015, but each and every year, the IEA predicted that production would plateau. Each and every year, they were wrong. And yet they did it again the following year.
Recently the author of "Solar Power Finance Without the Jargon" Jenny Chase was on the Energy Transition Show podcast [0] discussing the growth of solar. The discussion got into some of the technical reasons solar was able to grow as it did; while the analysts were assuming solar was barely affordable with the subsidies, the industry was actually using the subsidies to develop low cost manufacturing processses, springboarding off technology from modern semiconductor manufacturing. A comical moment in that interview, on the same topic as this tweet, was that not only did IEA and other agencies and analyists under-estimate solar, the best estimate (which was still short by half) was from Greenpeace just using a simple compound growth model.
We know for certain is that every exponential progress humans achieves will stop at some point. We saw exponential energy progress in the first half of 20'th century, many assumed that would just continue and everyone would have flying cars today but it stopped dead in its tracks and the energy quantities we have available today is mostly the same that we had 50 years ago.
If it's not off-topic, I'm curious to learn how other HN'ers have approached the planning/viability study of getting solar installed at their home.
I want to see a spreadsheet to help me plan out energy use, peak need, whether batteries are worth buying, amount I could sell back, number of panels needed, amortized cost against savings etc. Extra points for thinking tax benefits and estimating the depreciating cost of panels vs the increasing cost of electricity and where the intersection is (or was, if passed) to pull the trigger on a capital expenditure, etc
My initial foray so far has been vendors see this as a qualitative decision rather than a quantitative decision with little support for this approach. For me it's purely a numbers game.
Anyway, I'm sure HN'ers are most likely to be thinking similarly - any pointers or resources to help others?
The more I think about it, there's probably a startup here...
My parents own an off-grid home with ~12 panels (about 3.3kW installed power I think).
If it didn't cost over 30K to pull power to the house, it'd be impossible to make the math work for solar. If you don't count the climate externalities I doubt there's one city on Earth where the payback period (before incentives) is less than 10 years.
So there's no point in making a spreadsheet at this point, really. You're either buying solar out of need, a desire to "green" your life further, or you're being paid by the government to do it, or buying at a loss.
It's just a bad rate of return for an investment. Put the same amount of money in a better investment vehicle (say the stereotypical index fund) and you'll be able to afford buying the same amount of electricity from the grid as the panels would generate and have enough spare to go out to dinner every week.
This ignores the other benefits of solar. The fact that I'll stay powered up when everyone else is black is important in rural areas even on-grid. The fact that you know your power is green.
It also ignores the possibility that energy costs will go up over those 10 years. Essentially you are fixing your energy costs indefinitely.
Of course I'm not-quite normal kind of guy regardless. I paid too much for a very efficient house. I own my house. I own my cars. To me, the idea of turning unknown future costs into known present costs is fantastic. Not a lot of people agree with that concept.
There are absolutely other benefits to solar other than return on investment, but this thread was about solar being 'worth it' financially.
Also worth it to add in this context that the 5 or 6 solar-dependent/off-grid homes I've seen built and lived in have been anything but reliable. It seems to take a while to fine tune the system to the point of not having a blackout every 3 months.
> There are absolutely other benefits to solar other than return on investment
When you are talking about a purchase which you live with day to day for 10+ years, "Return on Investment" is never going to be a straight financial calculation.
People don't buy a house based on straight ROI, nor are most home improvements based purely on ROI. I don't see why solar should be the exception.
At least here in CA, if you are on the grid but don't have a battery then you will go black with everyone else even if you have solar. This is a safety measure for the technicians from the electrical company fixing the issue. According to another comment the additional cost of a battery is between $6,000 to $10,000.
It's not the battery that matters, rather it's whether you get an automatic transfer switch (ATS). Those are more in the $500-1000 range. Of course without a battery that only helps when it's sunny, so you still want a battery. But the battery isn't the safety measure, the ATS is.
Please don't disregard that with investing in solar panels, you're eventually losing your principal. It's only after the 10-year payback that you actually start making yields i.e. for a 15-year life span, those hypothetical panels are only making 50% back over 15 years - a 3% return at best.
Inverters usually have a 12 year warranty you pay a fee to extend to 25 years. Panels have a 25 year warranty, and we'll produce at 90% of rated power after that point.
You have to compare to investments with similar risk profiles. For example, 10 year treasury bonds only recoup 11.4% of their cost after 10 years. That doesn't mean nobody will accept that return. Not everyone is in a situation where equity index funds make the most sense as a marginal investment.
I'd say buying panels is very far from an investment in real estate. If you buy an apartment to rent, say, you can count on having return in the form of rents every month and on the property appreciating over time. So you can justify a very long payback period because at the end of 20 years the asset will be worth more than at year zero.
Solar panels generate cashflow in the form of electricity but they depreciate over time. So the payback period (in the form of cashflow) has to be much shorter than for an apartment or home.
A house with 10-year-old solar panels on top is surely going to be worth more than a house with no solar panels on top, even if the cost of new panels comes down significantly over that time. As you point out, the panels continue generating returns for a long time after that.
Moreover, people should not buy a house with the expectation that it will inevitably be worth more in 20 years than it is today. Appreciation of land values is far from a universal law of nature.
I've gone through a similar process. The gist of it is that it takes about 6-7 years to recoup the investment, disregarding compound return and opportunity cost. You can think of it as buying a bond that pays back in 6-7 years and then getting 23-24 more years of free return (discounting the teardown cost eventually).
Here's a more detail approach.
1. Compute your electricity usage. Look at 12 months of electric bill. E.g 800kWh per month (9600kWh per year).
2. Get quotes from the solar vendors. They usually quote in term of 5kW system, 6kW system, or 10kW system. The kW number is the instantaneous electricity the panels generated. Multiply that by hours to get the kWh number. The number of panels doesn't matter because some panels generate more some less. You want the total system output number in kW.
3. Figure out how many hours of useful sunlight a day your house can have. Google Sunroof and other calculators on the web would do it for you. E.g. 5 hours of useful sunlight per day.
4. E.g. with a 6kW system, 6kW x 5 hours/day = 30kWh per day = 900kWh per month = 10800kWh per year. Remember you need 9600kWh/year from 1? This just about covers it, accounting for some loss of efficiency.
5. A 6kW system costs about $14,460–$19,260 in CA. See [1]. Let's say it costs $18,000. Let's say your electric bill is $250/month or $3000/year. $18,000/$3,000 = 6 years to recoup (very simplistic view).
Buy simply comparing your bill with how much you generate is not very useful. You have to know when you used that power, and whether or not the sun was shining at that time of the day.
You need to know if your local utility will even pay you for the power you generate that you don't use.
If you are out of the house for most of the day, you probably don't use much power then. When you get home at night you turn all your devices on and start cooking and cleaning.
> The gist of it is that it takes about 6-7 years to recoup the investment
Now I wonder how to compute the best time for investing if you consider both the diminishing rate of panel prices, and the electricity you'll need to pay while you don't have those. Is it always worth it to invest ASAP, or is there a panel improvement rate at which it is worth waiting a bit?
It used to take 6-7 years to recoup... 10 years ago when I was doing the math. I am surprised to hear that it is still the same even though the prices are supposedly going down.
A lot of it comes down to the individual State incentives. My co-worker put in a system on his house and at the time the incentive was that you sold all of your power back to the grid at a fixed rate that was higher than what you would normally pay. He gets a check every month for what he sells to the grid. That rate was locked in for 15 years. It meant that he knew that with average usage he would break even in 6-7 years. Downside is that he is taxed on that income.
The other side of it is how big your roof and if it faces south without much occlusion. If your roof doesn't face south or is occluded but trees then it makes it much less attractive.
As you are a numbers guy, I’m sure you can whip up such a spreadsheet in half an hour. It isn’t that hard. NREL has a calculator you can use to estimate annual production, and it’s up to you to figure out what your utility’s rules on net metering are. South is the best aspect, West is next best, but this can be affected by local climate (e.g. frequent afternoon clouds). I think NREL factors climate.
If the net metering rules are favorable, skip the battery, forget entirely about your own consumption patterns, and just install as much as you can. The job is almost half fixed costs, so a bigger array pays back much faster.
The hard part in out house is estimating how much power we'll use in the middle of the day, and after we return to the office after covid.
The feed-in tariffs here in my state are effectively nothing.
I'd like to wait for battery prices to come down so I can go completely off grid. (though this may not happen with cars gobbling up all the batteries for a long time to come)
I think as electricity gets cheaper and cheaper, connection costs will get more and more expensive, so being able to disconnect will be a significant saving.
Right now we are working to remove all gas appliances here at home so we can disconnect from the Gas entirely.
If you have lived there for a few years you can look at your bills from years past and be close enough. You will never be more than close enough anyway
Basically the numbers come down to a few things. How much energy does your home use in a day (kw/h). How much energy does your installed solar generate; this is genarally kw of solar times average hours of peak sun for your latitude. So if you want to entirely power your home with solar, and you average 1,000 kw/h a month that's about 33 kw/h a day, and your latitude averages 5 hours of direct sun a day, you need about 7 kw of panels to generate that 33 kw/h.
Then you need to store the excess power to use throughout the rest of the day. If you're off grid, this means a lot of battery. If you're on grid (grid tie) you can generally put your excess power on the grid, then draw it back out throughout the day and your utility company will "net meter" periodically so you only pay for the difference you used, or they pay you for the excess you didn't use.
What utility companies pay for excess residential has evolved and is evolving. A few years ago you could get the full domestic rate (~ $.12 per kw/h) and that is a fantastic rate. Now utilities are pushing for a lower rate to take into account for delivery costs solar does not require [1].
With subsidies I could make a profit in 15 years. But I don't want to make a plan that stretches that long, and that's a best case scenario (assuming no damages, expensive failures).
So while I can get 100% renewable from the grid, I'll stick with that, at least until an installation can pay for itself in just a few years.
What I think will happen is that these installations will become common so they are an investment that adds a near equivalent value to the home.
Once that happens, it’s also safe to buy it regardless of whether it takes 15 years or more so I sell the house. The buyer will pay more for my house.
That’s not the case yet. Solar doesn’t add a value equivalent to the investment to the house, so unless I plan on staying until it’s paid off - it’s not worth it. But I think this will change.
AFAICT, things are already "financialized" so that things like community solar appear to be "cheaper" to a customer. (Nothing wrong with that, BTW.)
I just got my first utility bill with a community solar monetary credit. I wrote the following piece attempting to figure out the energy flows -- as opposed to the dollar flows.
-- cut here --
OK. I have a(n energetic) head scratcher with my latest unbundled
electricity bill. It's the first one that includes a community solar
subscription.
For geeks, this is almost a thermodynamics question about systems and
surroundings -- but it's camouflaged as a monetary problem in
disguise...
1) My utility company (NYSEG) charges me a per kW-hr fee for
"transmitting" electricity and servicing their infrastructure. Fine and
dandy. I understand that perfectly.
2) There is a separate per kW-hr fee from a different supplier of
electricity with whom I have contracted for power. Again, I understand
that perfectly.
3) Now the head scratcher. My "community solar" account just started
contributing PV energy to the grid from a recently completed solar
farm. My fraction of energy generated from their deployment just
showed up as a monetary credit to my total bill. They will invoice
me of 90% of that credit, and claim that I "saved 10%" on my
electricity cost. There is no statement whatsoever of the
amount of electrical energy corresponding to that monetary credit.
That's the monetary accounting. Now let's examine the energy accounting.
Let's call the amount of energy from 2) above "N" for my "normal"
source of electrical power. Similarly, let us call the (unknown) amount of energy
from 3) above "S" for my solar PV power.
(In principle, once I knew the fee per kW-hr I was being charged for
the PV energy, I could convert the monetary charge to the numerical
value for S. Let's leave that as an exercise to be dealt with later
after I receive an invoice from the community solar provider -- which
hopefully will tell me their cost-per-unit of energy.)
Clearly, I paid my normal provider for producing N units of energy. However, I
actually consumed (N-S) units of their energy, because I (notionally)
also received S units of solar energy. I understand perfectly that
electricity on a transmission line is fungible, hence I don't actually
receive "electrons" (so to speak) from either of them.
The community solar project will also get paid (at their claimed
"discounted" rate) for producing S units of energy and delivering it
to me via NYSEG.
My conundrum: It seems to me that (N+S) units of electrical energy
have been produced and paid for, but only N units have been
consumed. Hence there are (N+S) - N = S units of electrical energy
"somewhere" that are generated but not consumed via this accounting
system.
Where are those S units? Who owns them? Are they simply going towards
heating up the transmission lines, or is somebody benefiting from
them?
Is it simply the case that NYSEG no longer has to pay for the energy
consumed in heating up their transmission lines, but are still
charging me the same transmission fees???
Maybe I'm misunderstanding your problem statement. But it seems to me that you are using (and paying for) N units from your regular provider. And then your community solar operation is selling S units to the grid and giving you a monetary credit (the result of the sale) instead. Some customer (due to fungibility, it could be you or anyone else) is getting those S units, and paying the community solar project (indirectly via the grid). And those S units are displacing some other set of S units that were previously generated by fossil fuels, which is (presumably) one of the main goals of this entire exercise. So maybe the answer to your final question is actually "only N units were actually generated, because the fossil fuel plants ran less and produced S fewer units".
Your take is more sensible than the one I had. The community solar sells S units to somebody else, credits me with the monetary proceeds of the sale (and possibly a share of the associated Renewable Energy Credit proceeds), and charges me 90% of that "accounting fiction". They make money off the difference between the rates they invoice me for and the wholesale rates they actually sell the energy for (via a PPA or something).
I still argue that (N+S) units of energy are actually generated. The original generator of N units has no knowledge of the community solar arrangement, and is producing the N units of energy. Unless the community solar is lying about producing S units of energy -- remember, they are never disclosing S, only the associated monetary amount -- they too are selling S units to somebody else at a wholesale rate but getting their cash flow augmented by invoicing me.
What a tangled web of cashflows!
I think that a PV array on the roof is preferable in situations where a purchaser is able to do that. Less financial engineering, and more physics! YMMV.
> The rise of variable renewable sources means that there is an increasing need for electricity grid flexibility, the IEA notes. “Robust electricity networks, dispatchable power plants, storage technologies and demand response measures all play vital roles in meeting this,” it says.
Which is why it's not really the cheapest. Fossil fuel and nuclear power don't have these associated costs.
It might be the cheapest if you factor in the costs of climate change, as responsible economists have insisted for decades & the fossil fuel industry has spent billions fighting
It was kind of a statistical tie the last time I looked at this (wind was possibly slightly in the lead out of the three in terms of CO2 per KWh) but the wind and solar numbers seemed to be trending downwards over time.
2014 data from an IPCC meta-analysis here roughly supports this [1]. 800 gCO2-eq/kWh for coal, 490 for gas, 48 for solar, 12 for nuclear, 11 for wind.
To be clear, any non-carbon energy source can decarbonize almost to zero assuming all the lifecycle activities are converted to the non-carbon energy as well. One exception might be hydro with it's potential biogenic methane emissions.
Germany uses ~30% Coal in its energy mix, France less than 2%.
Your argument is misleading at best, and targeted misinformation at worst.
Since you've repeated the same argument at least 5 times by now, even though others have informed you about the wrong conclusion, I must assume it is meant to misinform.
Except that solar power isn’t an effective measure to reduce greenhouse gas emissions in the energy sector. Nuclear is far more effective as the comparison between France and Germany shows with Germany emitting _seven_ times the emissions as France in their energy sector.
Because Germany burns seven times as much fossil fuel as France.
This tells us that France has a cleaner energy mix than Germany, but I don't think this cherry-picked example contributes much to the discussion otherwise, no matter how many times you repeat it.
That's an incredibly disingenuous comparison; Germany gets just 10% of its power from solar, while France gets about 75% of its power from nuclear. Once again, this is not some sort of demonstration that "solar doesn't reduce greenhouse emissions," it's an indication that people need to start building pumped storage.
I think your argument could be good if nuclear had any chance in the future. Unfortunately though, it hasn't. The complexity, risk and political cost make it unlikely that we will see a nuclear renaissance. Even countries like the US that can be very market driven, see much higher levels of investment in renewables including solar than nuclear.
I think a some of that is because of the way nuclear has been deployed. Similar to reason the US Navy has been offered a buy 1 get one half off deal for it's air craft carriers. Using standardized designs and the same labor force to build multiples of the same thing is exponentially cheaper than doing one off designs/contracts.
There is of course a limit to this effect, for nuclear there's site specific engineering/design that has to happen which you don't have for ships.
But the savings in workforce cost can absolutely be realized in nuclear if a large enough pipeline of projects is developed which it looks like the French power company EDF is doing.
I was just going to say this. This is what many people do not understand, it's "the cheapest" technology but the cost of the necessary ancillary services, balancing mechanism, FFR, inertia, etc., to make this happen is not baked into the LCOE models. That's how shortsighted this sort of messages are.
While that's true, it's also true that the total cost of solar (taking storage into account) is far lower now than it was even 10-15 years ago. The logical thing we should be doing now is building massive amounts of storage, rather than complaining about how solar costs don't take it into account. As an added bonus, large pumped storage or fuel cell batteries can be reused for any renewable source (unlike solutions like concentrated solar), so any improvements in one can be mostly decoupled from improvements in the other, which is why I find the insistence that people add the cost of the batteries to the cost of solar to be pretty wearying. And I don't find arguments that pumped storage takes a long time and has high maintenance costs to build very convincing when the alternative, nuclear, has exactly the same requirement.
Since you seem to be from Germany, you must be fully aware that the emissions problem we have is one caused by our coal power plants and not by renewables (which also means that the emissions stats that you repeatedly posted here no longer feel like an honest mistake but rather disingenuous)
You are also conflating production cost and end user prices.
Germany counts a bunch of incredibly dumb stuff as "renewables," including wood burning, which is just one of the many reasons Germany's emissions are far higher than France's (another is continued support for coal use for political reasons). It gets only about 10% of its energy from solar.
Your cost is due to how the policies are set up, not because the tech is not up to par. Countries that invested in solar early on have a similar problem, where they funded the progress but their own solar installations are now outdated. To get out of solar now would be a mistake since you'd not even reap the benefits of that early investment.
The reason for this is that we bankrolled much of the initial trajectory of cost decline. Unfortunately, we stopped investing heavily when prices dropped due the black/red grand coalition not wanting to risk losing votes over potentially higher power prices. Now we are stuck at high Co2 and high prices.
Robust electricity networks? The US has spent trillions on transmission networks in the era dominated by coal.
Dispatchable power plants? We’ve had both base-load and peaker plants for decades. Indeed, base load gas is cost-competitive with solar now. But all base-load gen is so slow to start up and shut down that peakers can charge 2-3 orders of magnitude more per MWh.
Storage technologies? Given the exorbitant cost of peaker power, pumped storage has been in use for decades.
Demand response has also made sense for decades, but we’ve lacked the technology and market structures to make it a reality until recently. It was introduced before renewables had real market share.
In short: yes, renewables require these technologies. So does fossil-fuel generation. The IEA’s bias is showing if they’re implying that this is unique to one technology.
Of course, our current system is optimized around the characteristics of huge fossil plants, and a lot of capital will be required to optimize it around a different technology. These investments are worth it if you consider the externalities of carbon emissions. If you do it correctly, and include extreme weather costs, we should try to get to a zero emissions ASAP.
But even if you ignore externalities, as you appear to be doing, renewables are now so much cheaper that there is no economic reason to replace obsolete generation with non renewables. Under this approach, we’ll still get to 100% renewable in 40-50 years.
But unused capacity in nuclear overspeeds the turbines, you can't allow that to happen -- generation and frequency are both controlled by the same steam valve. Unused capacity in solar just sits there basking in the sun. The frequency is controlled by software in an inverter.
To make solar demand-responsive, you just build more of it. It's really that simple.
It's not about being dispatchable or not, it' about the volatility renewable generation and the problem this generates... and how other non-renewables need to be called by the TSO.
Which is actually not true at all. Modern nuclear plants can be operated in load-following mode and reduce and increase their output by 10% and more within minutes.
If the economics are impossible, how is it that France currently runs 70% of its grid on nuclear and has electricity costs substantially lower than the EU average?
We don't know how much those reactors cost to build then (it was mixed with the military nuclear program and the paperwork I understand does not exist to disentangle the spending). They are cheap now because they are not being charged for the cost of their construction. We do know that France cannot afford to replace them now; new reactors would be far out of the running economically.
So economically viable if the government subsidizes the construction. I would be happy for my tax money to go to a project that gets 70% of electricity generation off of carbon.
Subsidy doesn't change what the technology costs, it just changes how that cost is paid.
Subsidy can make sense, but not because shuffling euros around under walnut shells makes the cost disappear. The argument for subsidies is generally that it helps technologies move down experience curves. This improvement is a positive externality that a pure market would not necessarily reward. Unfortunately, nuclear (and nuclear in France) has been showing NEGATIVE experience effects.
That is not true the Cour des Comptes has extensive documentation for its cost, also nuclear LTO should be preferred, but replacement is economically possible.
The main issue is that the largest cost of a nuclear power plant is the capital investment to build it and staff to run it, which is fixed. In comparison fuel costs seem to hover at about 25%.
Therefore you need to run your plant at about full power all day to have a chance to recoup the investment. With renewable, although intermittent, sources vastly undercutting nuclear energy on price many hours of the day this becomes an almost impossible calculation.
Based on this nuclear is an uniquely bad pairing together with renewables, and it will only get worse. Say you can make massive profits on average one hour per day, but that means all other methods of energy generation or storage can make the same, and still undercut you.
This isn't even factoring in that it is impossible to get insurance for a nuclear power plant.
Of course! Anyone can grab something from the ocean floor (~3000m deep), especially something as easy to find as a lump of glass. Glass is also totally easy to melt on your kitchen stove and adding radioactive glass to the bomb you have lying around anyway, turns the bomb from a harmless firecracker into a totally menacing doomsday machine.
Yes, that's the first thing a terrorist would think of.
Seriously, dirty bombs are a red herring. It's the "bomb" part you should be worried about, not the "dirty" part.
Right. That makes it ideal for baseload. It can produce more than enough for regular loads. If necessary it can be augmented by solar and other power generation.
Let's be honest here--nuclear is not "ideal" for baseload, and it is indeed inflexible w.r.t. power output. What's actually ideal for baseload are fossil fuels. Unfortunately, those aren't going to be an option going forward, so we have to choose between a number of less-than-ideal options. I think it would be better to be realistic about the tradeoffs of those options than to try to argue that we actually aren't giving anything up.
Yes, you can. Most nuclear power plants are more dispatchable than most gas burners. Countries with lots of nuclear power plants (France) absolutely run them in a load following regime.
[Edit: And, as usual, downvotes rolling in for pointing out a verifiable fact. HN being HN, I guess.]
>Fossil fuel and nuclear power don't have these associated costs.
because those cost have been socialized to the rest of us. We are all paying for higher cancer rates, temps, etc but these companies get to keep the difference as profit.
FWIW, nuclear power does have quite some associated costs (storage, security, etc.) - I'd love to see a sensible estimate. It might still be worth it to cover base loads.
Are you accounting for the refining and transportation costs of fossil fuels and for the fissionable material mining and refining and for the waste storage costs of nuclear?
No, stop spreading your disinformation please.
You just compared the retail energy costs instead of the production costs in all your nauseating pro-nuclear comments.
Nuclear has a lot of hidden costs too such as waste disposal or reprocessing, insurance (whether private or effectively public and socialized), and remediation.
If you look at the whole picture including capacity factor, flexibility, engineering overhead, etc., coal and gas are still very cheap... provided you ignore long term externalities. This is the problem.
Yup. Everyone keeps saying "people ignore the cost of batteries!" but what the thing everyone in all these threads ignores is that fossil fuels have absolutely amazing economics and will for much longer than it will take to inflict catastrophic ecological damage on the world. Waiting for them to become more expensive than renewables just means that by the time you finally panic and start building storage and nuclear infrastructure, fossil fuels will be so expensive that the last thing people are interested in is big public works projects.
This really is a classic tragedy of the commons issue that requires government intervention of some form. We have to put a price on fossil fuel externalities and push alternatives. Markets are short term optimization engines and can’t price in what they can’t “see.”
Market fundamentalism is the doppelgänger of dogmatic Marxism and is no better.
Waste disposal or reprocessing are neglectible if you keep in mind that a single nuclear reactor produces electricity worth over one million US Dollars per day.
Yes, you've repeated this elsewhere, and as others have noted, your stats and figures do not reflect an accurate assessment the the advantages/disadvantages of renewables.
"We've tried it and it failed" is a pretty strong argument, too strong to be brushed aside with out an argument or evidence.
The Energiewende is recent history, and the major cause of the highest electricity prices in Europe. But that wasn't enough, not even close, to bring Germany into line with France's excellently low CO2 production.
Even if the situation has changed to the point where solar is the most cost-effective option, there are a lot of lessons to be learned from Germany about how dangerous it is to take an anti-nuclear stance. They look like fools.
Why does this non-sense get constantly rehashed all the time?
You cannot compare the cost of an electricity generation system solely based on the cost of the plant technology itself, you always have to take the whole system costs into account.
Solar panels might be cheap, but they are unable to provide a reliable electricity source without backup or storage systems which is what drives the actual costs.
France has 70% nuclear and their kWh costs around 17 Euro cents and causes greenhouse gas emissions of 50 grams of CO2 on average.
Germany has 50% renewables with the kWh at over 31 Euro cents and 400 grams of CO2 on average.
The French energy sector is responsible for 50 million tons of CO2 each year while Germany’s energy sector causes over 350 million tons of CO2 each year.
So, no, large scale solar power is neither cheap nor clean.
I can promise you the energy industry knows about both CapEx and OpEx and has incredibly in depth models on them for all relevant energy technologies.
And on the topic, I can also promise you that they do in fact know about the concept of capacity factor and that the sun doesn't always shine and the wind doesn't always blow.
And on the topic of France, their reactors oveheat the river they use for cooling and have to shutdown. And just as you claim you can't soley consider the cost of a plant, you can't solely consider the smokestack emissions of a plant without consider the mining, enrichment, handling, and disposal of nuclear.
Germany has a large CO2 output because they have a large manufacturing industry, and for policy reasons technically decoupled from their investment in solar, they also maintain production capacity of a dirty type of coal as power source because they have it in abundance within their own borders, its a security interest.
If you think your armchair analysis has outsmarted the energy industry then go ahead and invest in fossil and nuclear i guess.
It is likely that politicians know pretty well the difference between what they say to the public and the actually effect their policy have on the market. It is also very important for the public to call them out when reality and truth does not match the promises given in political speech.
When the Swedish government shut down a nuclear reaction the political promise were a greener power grid that polluted less. What we instead got was a oil power plant in the southern part of Sweden that previous only operated as a backup in case of harsh cold winters. Now it is operating all year because it suddenly became commercial viable to do so.
For long I have advocated that the solution to this disconnect between what is being said and what actually happens is laws. No new fossil fueled power plants, and no extended capacity by fossil fueled power plants. One do not need to be pro-nuclear, nor pro-solar or pro-wind. All that is needed is an expanding energy demand, a aging nuclear power plants, and a law that forbid people to use the easy but environmentally damaging alternative. Smart people in the energy industry can figure out what is the cheapest alternative that does not warm up the planet, and politician can stop trying to sell an untruth.
If we don’t switch to wind and solar we’re going to be hearing a lot about heat pollution in the coming decades.
They fought Clinton, Illinois’ nuclear plant for decades. The locals were uneasy because it’s on a recreational lake. The lobby for it dismissed the concerns of the uneducated rabble and built it anyway.
An amoeba that causes encephalitis grew in the heat from the cooling plant. Nobody was allowed to swim there anymore. There’s not a lot to do in the middle of the Plains States if you aren’t in a metropolitan area. Swimming and boating are two of your options.
Fusion, fission, geothermal all dump between one and two units of heat at the source for every two units they push down a power line (which is mostly turned into heat at the destination and a little along the way). In the big picture, all of them are bad pairings with global warming.
You're spreading misinformation, either intentional or not. The reservoir that the Clinton Power Station uses for cooling was created explicitly to cool the plant, the recreational opportunities it brought were just a bonus.
I can't find any references to cases of amebic encephalitis from that lake either, only a study stating that the amoeba was found in the lake both before and after the plant became operational. Their own website touts its swimming opportunities. Can you cite sources for any of your claims?
I'm glad they fixed that, but isn't this a case of Gell-Mann Amnesia? There's a lot of range between being so transparent you scare everyone and being the mayor from Jaws.
I got it from regional news, at the time. If building a lake is how you bribe people into doing something they don't want to do, and then you take the lake away, then from their perspective you've lied.
There are other ways to build a cooling plant for a nuclear power station, btw. Lots of places make them do that now, because dumping the heat back into the environment instead of into the sky causes far more mundane problems than this. And occasionally weirder ones. And since the thesis was about heat pollution, not regional nuclear politics, I'll thank you not to nitpick.
At some point it gets cool enough that it's hard to extract useful energy from it. Extracting energy from hot water is easier, but as a byproduct you end up with an enormous amount of lukewarm water that isn't useful for power generation.
Heat engines work with a large temperature gradient. In the same way heat pumps can’t drive a larger temperature gradient past a point (see AC in the Arizona summer). The 35 or 60% efficiency of the first phase can’t simply be stacked. If you don’t have an industry that uses heat directly, on site (cogeneration), that’s simply the cost of extraction.
Yes. This is one thing the USSR did well, they captured heat from almost all power stations to provide heat to the local city (that was probably built to house employees of the plant).
We have that in Germany as well, "Fernwärme" (="remote heat"). Apparently it's ubiquitous in Denmark and Sweden as well.
Apparently they started building this based on nuclear power plants as well in Russia (Woronesch, Nischni Nowgorod), but gave it up. That would've been a bit creepy, to have a pipe straight from the local reactor to your home...
How many square meters would you have to zero the albedo of to generate an equivalent amount of power with solar? Is or isn't solar-generated electricity magically exempt from the laws of thermodynamics that convert it to heat when you actually use it?
Comparing tradeoffs is what we should be doing, but it's really frustrating when people just pretend that their favorite technology doesn't have the tradeoffs.
40% of feed corn goes to making ethanol now. That's a huge amount of monoculture for a crop that requires a lot of fertilizer and a ton of water. You could use a fraction of that for solar, today. Less in the future.
> I can also promise you that they do in fact know
Of course they know, but I don't care about what they know, I care about what they say and if it's true or not!
Are the headline figures fudged by neglecting storage or including subsidies? Or is the headline legitimate, and solar can actually stand on its own now?
Curious to hear your take on the Democratic Party's recent reversal on their stance regarding nuclear[1].
It seems to me that if a group of people who were once so vehemently against nuclear for decades (few people were more vocal in opposition to it) finally realized that their fight against climate change simply isn't practical without nuclear, then why are some people still so against it?
You couldn't ask for a more powerful endorsement than the one from nuclear's (former) greatest critic.
>I can promise you the energy industry knows about both CapEx and OpEx and has incredibly in depth models on them for all relevant energy technologies. And on the topic, I can also promise you that they do in fact know about the concept of capacity factor and that the sun doesn't always shine and the wind doesn't always blow.
Well, con-men also know that they sell BS, and what exactly is in the snake oil that they sell, but they still push it...
My guess is someone wrote "Solar is now the cheapest marginal source of new power", and someone else that doesn't understand calculus and (non-)fungibility fucked it up.
You’re messing with these stats a lot (I assume this is not malicious). The 50% renewables are not the cause of the extra 350g of CO2 in Germany.
The way you word this it sounds like renewables == bad, when in reality Germany is burning a boat load of coal which is causing the extra emissions, while France’s emissions are offset because they have lots of Nuclear power.
Nuclear power takes 20-50 years to come online- it’s too late to rely on it and burn fossil fuels in the mean time. That ship sailed long ago.
No, they really didn't. At its height it accounted for barely 20%. It was dwarfed by coal, lignite and natural gas. It was never anything like France that went all in with nuclear.
Since then, German consumption has exploded, yet the non-renewables have stayed about static while virtually all new demand is met with renewables.
It agree that we should have shut down coal power instead of nuclear power but fact is that this never happened. Deal with it.
Edit: „Deal with it“ might have been a snarky way to say it but on a serious note - nothing good comes from regretting missed opportunities forever. Get over them and make the best of the situation.
"The way you word this it sounds like renewables == bad"
The point is that unfortunately renewables == good is not often true either despite the common perception. It all depends on how they integrate with the rest of the grid which is something rarely considered when I hear speeches about having more and more renewables in the future
Once you decided to stop nuclear and go wind/solar, what do you do when it's 8pm in winter and there is no wind? => You fire up your coal/gas plants
The answer could be "storage" but right now, as you can see from the stats, this option is not favored and I believe there are good reasons. As you can imagine, if storage was an easy solution today, Germany's emissions would be much smaller.
Hopefully it becomes a more viable solution in the near future but at the moment we're still far from it
Wait, how are these numbers for Germany and France relevant? Germany's renewable energy was built in recent years, much of it during a time when it was significantly more expensive than now. Frances price is from mostly very old nuclear reactors, many of which are close to end-of-life.
And you seem to be attributing the CO2 emissions to the renewables, but that's in no way fair. Even if we had the solution to energy storage, you'd expect a country switching from coal to renewables to have high emissions even at the half-way point.
> So, no, large scale solar power is neither cheap nor clean.
It's more complex than headlines would lead you to believe. But that's ALWAYS the case. This conclusion is just as dumb as the headlines, if not even dumber.
You're right that storage and backup is a big factor, but it's a problem that's rapidly being solved.
Can you please expand on what makes you say that "storage (...) is a problem that's rapidly being solved" ?
Have you read articles with scenarios about % electricity stored compared to daily consumption for instance? Are we going to reach any significant number in the next decade?
From this IEA article [1] it is not clear that we're getting close to it fast enough
Except Germany is doing all sorts of accounting maneuvers to hide the high cost of renewables. They say they have a low wholesale price and the final price is high just because of taxes, but in the end you pay so many taxes that end up in the renewable subsidies in different forms.
A fair comparison would take a per population approach and compare similar environmental regions, and calculate the cost of supplying that region and population with the energy demand over the span of years.
It is however not that hard to do since the energy market basically operate already on this principle. Energy companies bid on supplying a specific demand in the future, and the bid that is lowest win. That bid also include if I understand it right the cost of transmission. The practical end result is that different companies win the bid depending on all the variations that makes energy production commercial viable. A solar plant that is not producing enough energy because of weather conditions is not going to put in a bid, and thus the fossil fueled power plant wins the bid and the outcome is pollution. The more times fossil fueled power plants win, the more economical incentives there are to build more fossil fueled power plants, and the more pollution we get in the air.
The only way to have a non-polluting power grid is to either outlaw fossil fueled plants from bidding, or make sure that there is always an pollution free alternative that has an economical reason to make a lower bid. Nuclear, renewables, batteries, solar, wind, carbon taxes or what have you, as long as fossil fueled power plants can manage to make the lowest bid we have a problem.
That's an odd bit if logic to get to your conclusion. You haven't demonstrated that renewables aren't clean, you've demonstrated that the non-renewable portion for Germany generates more C02 than the non-renewable (nuclear) portion for France.
It's also strange to talk about energy cleanliness in the context of nuclear energy yet only bring in C02 when the environmental factors with nuclear extend much beyond C02
IMO Germany is more set up to benefit from future developments than France and the numbers you cite may very well look a lot different in 10 years. What you are giving is a static snapshot in time where France has a mature technology that is declining and Germany is rapidly moving to the future.
Nuclear certainly has a place in baseload generation but new greenfield development is rare and costs skyrocket upon decommissioning. On the other hand Germany is well positioned to take advantage of cost declines in battery storage to solve the intermittency problem. It’s not clear what France does when all of their reactors age out.
> IMO Germany is more set up to benefit from future developments than France and the numbers you cite may very well look a lot different in 10 years
Within 10 years, Germany will already have to replace a good half of their renewable capacity so I doubt that assessment will change. That's the next issue which is not often taken into account, those renewables have a very low lifespan.
Do these numbers factor in pollution from uranium and coal mining and enrichment? For uranium there is also the burden of storing it for a few ten thousand years.
You also need to factor in that Germany is exporting more power than it imports within a year, primarily to Austria and Switzerland but also a bit to France.
In order to be pro-nuclear power on a large scale, you pretty much have to not care about nuclear waste storage, as we don't have any good long term solutions for it. The favored argument nowadays seems to be that it's not that dangerous and what danger there is is easily outweighed by the climate benefits.
If we do end up building a few thousand large reactors, we will want to switch to waste recycling.
The whole 'no idea what to do with it' is what the antinuclear movement chose to say after stonewalling the permanent disposal work in the USA for years. Very cynical in my opinion especially if you consider existing waste to be imminently hazardous to the biosphere.
I think it's fair to characterize the antinuclear movement as cynical and disingenuous in general,they are a political movement that has never argued in good faith scientifically. In fairness the original governmental nuclear program withheld from the public that the designs behind power generation were actually being driven by weapons needs and the long term storage issues largely result from that dual use design.
> In fairness the original governmental nuclear program withheld from the public that the designs behind power generation were actually being driven by weapons needs
I have to challenge you on this statement. Certainly the 1940s Hanford reactor designs were for weapons production, and yes dual use (weapons & commercial power) was briefly considered in the early 1950s, but as early as 1953 it was rejected as an option by the US government, who had enough weapons material production coming from Hanford and projections from Savannah River that there was no justification for more.
Further, the Atomic Energy Commission actually worried that if nuclear power plants became very popular, they didn't want to be stuck with a fixed price contract requirement to buy any excess plutonium.
The Power Demonstration Reactor Program of 1958-1965 was run to find the best reactor for making economical power. It was very open and public. By 1965, light water reactors were offered at cost parity with coal plants and the fleets of today were kicked off.
So, brief mention of dual use was ended in the early 1950s, whereas the designs of today were commercialized in the 1960s.
The US built one dual use reactor at Hanford. The N Reactor generated weapons plutonium starting in 1963 and it also generated 800 MW of electricity from 1966 on. It shut down in 1987.
Solar energy will not run out in the near future (at least 5 billion years, even earth will be destroyed way before the sun run out of fuel), fossil fuels will run out, it does not matter if it's 50, 100 or 1000 years from now, but it will run out. Period. (that's the same problem with current nuclear power technology beside other factors)
Nobody takes into consideration the cost of managing nuclear waste either. I understand there is not much anymore, but I believe its still dangerous and requires armed security effectively forever. (making the cost effectively infinite).
I guess those costs are for future generations and not our problem. (Kind of like CO2)
Wow, what an argument. Solar panels don’t last forever and have to be maintained and replace effectively forever making the cost infinite too by that argument.
Excellent point. It also assumes that society will be sufficiently organized to provide the security and maintenance for the entire half life of the waste. That seems like a fairly unrealistic assumption. And so we are basically guaranteed to ruin the area where waste is stored at some point in the future and easily explains why congress has been unable to designate a permanent storage location.
"It also assumes that society will be sufficiently organized to provide the security and maintenance for the entire half life of the waste."
Could you please provide a concrete example of a problem of security or maintenance on such facility and with such scenario, what makes you think that it is more likely to happen than any other threats with similar impact our societies face?
Yes I am aware of those. My question is: what makes you think that this poses a superior threat than other issues we face?
When I think about the future and its risks I never think about nuclear waste. I think primarily about global warming and all its consequences: massive migrations, droughts, fires etc.
To me these are way more important because
1) the likelihood is MUCH higher
2) the impact is MUCH higher
We are not talking about risk of disaster, we are talking about economic costs. And are are not comparing the cost to other disasters, we are comparing the cost of generating power using nuclear to other methods.
That logic makes a lot of cheap things cost an effectively infinite amount, like shopping centre security.
A waste storage facility doesn't need armed guards if it isn't being used any more than a shopping centre would. If the facility isn't being used then it can be sealed with a big plug of concrete or something else that has a cost that is small vs. infinity.
Plus there is a decent chance that the dangerous stuff will be a valuable fuel source in 100 years.
Just on a technical note: With interest rate r, an infinite stream of annual payments P (aka a perpetuity) is worth P/r. So, with rates around 2%, the cost of security forever is the annual cost times 50.
(I guess what you're saying is that rates are effectively zero, and they are, and then the cost is infinite indeed...)
That is a good point in favor of batteries over nuclear. If we made fossil fueled power plants illegal, the external costs of nuclear waste should be considered.
As long as fossil fuels are used however the risk of runaway climate change is a much bigger issue than nuclear waste. The risk of runaway nuclear waste is unlikely.
Why do we price a barrel of oil without the military costs to protect the shipping channels. Or the short term and long term storage. While you have a point. It’s hard to deny the extreme drop in cost of solar over time. And that drop runs counter to a lot of predictions from people that said moving away from fossil fuel is impossible.
Barrels of oil are a very poor comparison, as the price is based on limited supply (which is even artificially controlled by the OPEC), where with solar and nuclear the price is much closer (and based) on manufacturing costs.
Uh, what about the yearly production of nuclear waste by the French energy sector? Do they have a long term solution for that? And what about decommissioning old power plants? They’re currently deciding whether to run them another 10 years beyond their 40 years design lifetime. (Great way to postpone a problem, by the way)
For the record, the whole of France’s nuclear fuel waste since the 50’s is a 15mx15mx15m cube.
Also, that 40 years numbers is a financial one, not a technical or design one. Some reactors based on the same designs have been validated for 60 years in the US.
That’s the problem with spent fuel: you either toss it, but it’s still recyclable and burnable again or you recycle it, and you’re inevitably left with some bomb grade material that flies in the face of all international agreements of non-proliferation.
Anyhow, CIGEO build still needs to start and how many years of future capacity does it allow for?
Many reactors were designed to run 40-50 years and they’ve been lengthened to procrastinate costly dismantling and maintain production without new builds (which are, at this point, highly uneconomical)
Look at my comment history for a previous discussion but these studies also include theoretical costs for non-renewable energy called 'carbon pricing'. It's flat-out dishonest.
If solar power were the cheapest energy source, it would be unilaterally adopted until it's no longer the cheapest option--it's trivial to hook up to the grid, private individuals do it today. Unless of course there is a global conspiracy with the entire energy utility, semiconductor, and financial industry; private individuals; and municipalities to avoid profit seeking behavior.
I think it is slowly adopted everywhere, and we are facing resistance from the traditional energy industry as they try to protect their current investments.
Profit seeking behavior from the fossil fuel industry is to resist change at all costs. Profit seeking behavior from our politicians here in Australia is to not upset the fossil fuel industry as they are a large source of donations.
Indeed that is the conspiracy theory where they have undue influence on the profit seeking behaviors of utility companies, financial entities, municipalities, and otherwise private individuals with sufficient capital.
However, what most don't know is that the big money (in terms of EBITDA) in the fossil fuel industry is in downstream services, plastics and other carbon products derived from oil. This accounts for around 80.1% of Exxon's Revenue[1] and even more in profit. The goal for Exxon is to reduce reliance of energy from oil to reduce the cost of crude oil and maintain the sticky margins of plastics.
It's for this reason that Exxon has always been in the forefront in carbon economies and taxes [2].
Energy is instead one of the worst businesses to be in, a low-margin commodity, with ever-decreasing margins.
Not to mention the large amount of real-estate that a solar farm requires. Which isn't always convenient either given that it only works in sunny places.
Solar will only ever be a part of the picture, not the whole thing.
> Not to mention the large amount of real-estate that a solar farm requires.
In a recent 400 MW solar farm installed in Texas, I looked at the cost of land in that area, vs. the cost of the solar field. Land was about 1% of the cost. Land is cheap. We have lots of land. We have so much land, we use it for low value things like farming. And land that isn't suitable for farming is even cheaper than that.
Of all the things people complain about with solar, this is by far the strangest. Perform any calculations you like and you'll find that the area required to power the entire world with solar would be quite small; the only issue it has (but don't get me wrong, it is a big one) is the need for storage.
In the US in particular, corn is subsidized and turned into ethanol at an alarming rate. Subsidizing solar seems like it would be a better use of land. Especially if you can combine it at all with buffer zones to control runoff.
That's nonsense, you can't just centralize it, or just build it far away from cities. Transmission loss over distance is by far one of the biggest hurdles for delivering electricity.
So what if you can find one ideal area in North America with enough sunlight to theoretically power the whole world, it's not the point. Can you find a large enough spot of space with consistent enough sunlight in, say, Maine, to power even a single city there?
Maine has far more than enough space to power the whole state, not just a single city. I promise you that finding open space for solar is not an issue in any but the most densely populated areas--there's a huge amount of unused land in the world. The issue with places like Maine is not getting enough power on average, but the fact that it's very intermittent, which requires tremendous amounts of storage to make a majority-solar grid viable.
The problem isn't just with the area but also location. Would it be okay if it were about the size and location of a rainforest? That's what we're doing here in Florida. Drive down I-10 and you'll see large previously-forested areas now covered by several large solar plants. Really, really dumb. I've no problem with putting solar over parking lots or open desert. But forests? My state is so moronic sometimes.
There were plans to build huge solar plants in the Sahara desert but all got scrapped partly because of energy storage and transport, and partly because few countries want to depend on energy production in countries with either (looming) civil war or semi-regular terrorist attacks.
The costs of disposing of nuclear waste don't come out of the energy bill, they come directly out of taxes. This needs to be factored in, because this cost continues long after the plant is decommissioned.
How is this nonsense the top comment? Who upvotes this tripe?
To counter the calculations of the IEA (who are a world more informed than cbmuser, I'm fairly sure), this guy conflates the entire historic mix of two very different countries, one with a long history of coal, natural gas and lignite (those decreasing as renewables enter the mix).
The author of the linked piece has the following background:
“He holds a PhD in biochemistry from Bristol University and previously studied chemistry at Oxford University.”
From the Carbon Brief “about” page. (Click his byline on the linked article and you’ll see he works for Carbon Brief.) https://www.carbonbrief.org/about-us
So he’s a scientist.
Given that you disagree strongly with a well credentialed chemist, are you sure the profession of journalism or the credentials of its practitioners are the issue here?
Also, it’s interesting you linked an article that leans heavily on the authority of Michael Crichton, himself a noted climate change denialist — and a former physician.
It would seem to me poor information and sloppy work crosses many fields. I think anyone who has, say, used very much software in their life would probably agree.
Michael Crichton wasn't a denialist of climate change, he doubted that humans were the leading cause of climate change. He was also a physician (a medical doctor), not a physicist.
Because one cannot compute that in a generally applicable way. It depends on details of ststems that vary from place to place. Levelized cost of energy is more constant, although not entirely so.
The WEF 'weforum' website is often laughably weak. McKinsey & the WEF are endlessly trying to portray what their ideal future will look like and will cherry pick statements that back up their goals.
Here is the IEA web page for their 120 euro 'World Energy Outlook 2020' publication.
I couldn't find the assertion about 'cheapest electricity in history' has anyone else seen the actual report?
The International Energy Agency is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the wake of the 1973 oil crisis. ~ Wikipedia
The numbers take into account the lower capacity factor of solar. So yes, they do take into account that the sun is not always shining. Judged just on a peak kW basis, solar's advantage would be even larger.
Well yes if we put grossly misleading numbers it would be even worse of a sin. What I mean is that it is not a system cost. This assumes the existence of dispatchable low carbon energy at large scale without acknowledging this cost. You can't meaningfully talk about $/kWh with solar in the context of deep decarbonization without talking about the cost of dispatchable duplicate backup capacity. Costs and success today are riding on the back of a huge and high carbon dispatchable grid.
Estimates of what it would cost to cover for variability of renewables puts the extra cost low enough that nuclear still is out of the running. This is especially the case if one considers that any nuclear plant whose construction started today would be competing against renewable and storage technologies of a decade or more in the future.
For nuclear to survive, not only do its costs have to come down a lot, but the ongoing crash in costs of renewables and storage have to come to a sudden halt. Nuclear proponents are basically betting that all the many storage technologies fail to get cheaper. This is quite the bet.
In large parts of the world (e.g. where I live, in Texas, USA) this is by far when the largest electricity usage is (because it's when the air conditioners are working hardest). So, yes we will have to have some non-solar energy, we could get to much larger than we already are (and it's growing fast) because that is when the peak usage is.
This is a common oversight in much of the public discussion about renewables that is inexcusable. Public policy is being devised from a very deep misunderstanding of the physics of a power grid.
All the nuclear waste in the world can fit in one are the size of a soccer field. The only real issue are catastrophic failures - and those are usually prevented by improvements in technology and safety protocols.
Ok, if we are talking about 'forever', just put it into the subduction zone of the tectonic plates. In a few million years it'll be deep in the mantle, which is far more hazardous to humans than the disposed nuclear waste.
Ok sure, how much does that cost? First we need to invent the tech, and find a zone that is stable and won't leak, and we have to be super-duper sure of it, then you need to transport the dry casks there and lower them into the mantle.
But the facility still needs armed guards "forever" so that terrorists or rogue states can't go and get some radioactive magma and use it as a weapon.
>I don't think its fair to draw a line in the sand and declare that those costs are for future generations and don't need to be considered now.
I agree, but we should balance those costs with the costs of our current actions and the costs of other possible options. Future generations will have to live with the costs of our action or inaction, whichever forms they take.
Fukushima was not long ago, either. I don't think it's a strong enough reason not to use nuclear at all given the alternatives, but all nuclear plants have fairly catastrophic failure modes in the event of an unforeseen problem and require constant maintenance and supervision in order to keep running. In areas of the world with little political stability or public funding, this makes other solutions much more attractive than they would be in an ideal world. Acting like people are being completely irrational in worrying about nuclear accidents is pretty disrespectful.
I wonder what the world would look like if the Chernobyl disaster and the Challenger disaster didn't happen. I think both of those events, combined with years of rhetoric, were a turning point in 1986 which really damaged the idea that governments were capable of solving problems and pushing society forward. We didn't give up after the Apollo 1 fire. We did give up after the Challenger disaster and Chernobyl.
On a large time scale solar seems like the right call, even over fusion. I keep hearing about storage issues, but that seems trivial given the complexity of our current energy landscape.
Humanity is hopefully progressing toward a Dyson sphere... which is just maxed out solar.
I think about buying stocks of solar tech company soon. they all made huge jumps this year - at least jinko, first, canadian. like more than tripling prices. so, I'm worried about the market being a bit too hyped up. anybody with an opinion on that matter?
I dont think panel manufacturers will make much money, there is too much competition from the big Chinese corps. Maybe the rewiring of the grid helps electrical component companies like Schneider but that isn't cheap either. It might end up the big power users get most of the benefit.
Or other storage technologies. In particular, thermal storage with heat pumps appears very promising, allowing energy to be stored in extremely cheap material (rocks), and turned back around to electrical energy with a round trip efficiency ~60%.
As you may already know, we have a HUGE fusion reactor ( fuses 500 million metric tons of hydrogen each second. [1] ) approximately 149.5 million km away, and it's ready and free* in that sense that we don't have to build it, maintain etc., it's there, it's working 24/7 and will be working for at least 5 billion years without any maintenance.
(you need surface to get it)
All we have to do is to harness the sun energy in the most efficiency and harmless way.
Almost all the energy used on earth comes from the sun. The nuclear*, geothermal and tidal power are more or less exceptions.
* (I'm not against nuclear power and research, as we need that technology to be able to travel in space in smaller spaceships rather than this large one (some may call it earth) we use now. Right now we travel where our sun goes, not where we like to explore.)
In every energy usage the key is the efficiency of the conversion.
Fossil fuel's efficiency is less then 1-2% from the sun due to the efficiency of the photosynthesis [2]. All of the fossil fuels are nothing but stored solar energy with less then 1-2% efficiency. And we don't calculate with waste from the mining refining transportation etc. energy cost.
And for useful energy (work) you have to burn it in a power plant or a car or whatever with maximum 10-50% efficiency [3]. So the overall efficiency is less than 1%.
On the other hand solar cells with 20%+ efficiency are commercial available, wind farms are better and hydro power can be even better. (wind and hydro power are also comes indirect from the sun)
(BTW the low efficiency of the photosynthesis is why the corn based fuels are waste of the solar energy, and land. You could generate the same amount of energy with solar power on less than 1/20th of the land with corn. If you need fossil fuel, algae is a much better alternative, as it's photosynthesis efficiency is higher than corn [4], also does not require valuable land, which can be used for other agriculture purpose (food) )
But, far the largest pro for the solar energy is that it will not run out in the near future (at least 5 billion years, even earth will be destroyed way before the sun run out of fuel), fossil fuels will run out, it does not matter if it's 50, 100 or 1000 years from now, but it will run out. Period. (that's the same problem with current nuclear power technology beside other factors)
So you have an energy that practically will not run out, have better total efficiency about 20-100+ times than fossil fuel (and side effect it's cleaner), * and someone still surprised that this is the future...
Misleading headline. The text actually says "solar PV with revenue support" is now the cheapest electricity. In other words, solar PV is cheap, because somebody else is forced to pay for it.
https://twitter.com/AukeHoekstra/status/866313289306963969
In short, solar production had increased steeply between 2000 and 2015, but each and every year, the IEA predicted that production would plateau. Each and every year, they were wrong. And yet they did it again the following year.