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Study says renewable energy power plants will overtake natural-gas plants by 2035
Gwad
Member Posts: 2,855
in Tug Tavern
https://www.pghcitypaper.com/pittsburgh/study-says-renewable-energy-power-plants-will-overtake-natural-gas-plants-by-2035/Content?oid=15834618
According to the Rocky Mountain Institute (RMI), it will be more expensive to run 90 percent of natural-gas fired power plants compared to the costs to build wind and solar farms with storage systems by 2035. The institute analyzed the construction costs, fuel prices, and operation costs of 68 proposed natural-gas power plants across the U.S.
“We find that the natural gas bridge is likely already behind us,” reads the RMI report, “and that continued investment in announced gas projects risks creating tens of billions of dollars in stranded costs by the mid-2030s, when new gas plants and pipelines will rapidly become uneconomic as clean energy costs continue to fall.”
According to the Rocky Mountain Institute (RMI), it will be more expensive to run 90 percent of natural-gas fired power plants compared to the costs to build wind and solar farms with storage systems by 2035. The institute analyzed the construction costs, fuel prices, and operation costs of 68 proposed natural-gas power plants across the U.S.
“We find that the natural gas bridge is likely already behind us,” reads the RMI report, “and that continued investment in announced gas projects risks creating tens of billions of dollars in stranded costs by the mid-2030s, when new gas plants and pipelines will rapidly become uneconomic as clean energy costs continue to fall.”
Comments
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Can you also tell me the results of the 3rd race at Hollywood Park tonight?
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I laughed!
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Same guys who did the study on peak oil?
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Rocky Mountain Institute (RMI) is an organization in the United States dedicated to research, publication, consulting, and lecturing in the general field of sustainability, with a special focus on profitable innovations for energy and resource efficiency. RMI was established in 1982[2] and has grown into a broad-based institution with 150+ staff and an annual budget of some $30 million. RMI's work is independent and non-adversarial, with a strong emphasis on market-based solutions. The institute, including recently[when?] merged Carbon War Room, operates on 9 initiative areas: Electricity Platform, Renewables Solutions, Buildings, Reinventing Fire: China, Smart Island Economies, Mobility Transformation, Shipping Efficiency, Sunshine for Mines, Sustainable Aviation, and Trucking Efficiency.[3] The work of RMI has benefited more than 80 Fortune 500 companies in a diverse range of sectors.[4][non-primary source needed] RMI is headquartered in Basalt, Colorado, and also maintains offices in Boulder, Colorado, New York City, Washington D.C. and Beijing, China.
https://en.wikipedia.org/wiki/Rocky_Mountain_Institute -
What is that supposed to mean? It’s a bunch of liberal academic types who’s entire goal is minimizing carbon and who is funded by folks like Tom Steyer. You think they would have any other opinion except natural gas is bad and some future technology that doesn’t exist yet will magically make it go away?
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That is not how I interpreted the information.HoustonHusky said:What is that supposed to mean? It’s a bunch of liberal academic types who’s entire goal is minimizing carbon and who is funded by folks like Tom Steyer. You think they would have any other opinion except natural gas is bad and some future technology that doesn’t exist yet will magically make it go away?
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Is the science settled?
Consensus? -
I don't know you're the man of science. I just post articles.RaceBannon said:Is the science settled?
Consensus? -
Well if economics are going to drive it then I guess we can remove any government subsidies for the sector.
