Results: Clean and Affordable

According to a study released by Germany's Mercator Research Institute on Global Commons and Climate Change (MCC), the cost of solar power has dropped 87% and battery storage by 85% in the past decade. Were you aware that due to technology advances and the economy of scale, green energy is becoming cheaper than fossil fuel energy?

Although these two were the primary areas of inquiry, the think tank further notes that wind power, heat pumps, and other clean energy technologies are also seeing a dramatic price drop. The reasons for this increased affordability are numerous, including technological advancements that make both generation and storage more efficient. Do you agree that this is good news?

Currently, battery storage costs less than $100 per kilowatt-hour, which is already less than the price that was predicted for 2030, per Electrek. And the prices are expected to decrease as technology continues to increase efficiency. Batteries are important because they allow for the storage of energy generated by renewable sources, allowing entities to utilize the energy when it isn't sunny enough for solar panels or there's not enough wind to turn a turbine. It will also allow things that feed off the energy grid, like electric vehicles and homes, to source their energy from stored renewable sources. Do you use solar power at home?

Based on the information shared in the study, experts expect 63,000 terawatt-hours of solar energy to be globally available in 2050, reports Electrek. This is twice the amount of energy that is supplied by coal today. Considering that one terawatt-hour can power 70,000 homes for a year, according to Duke Energy, this amount could power more than 4.4 billion homes for a year. Are you resistant to positive change?