Lab Research Featured in Forbes

August 18, 2020

Despite the precarious future emissions outlook, China’s current climate targets are within reach, with multiple studies mapping out scenarios to achieve high penetrations of renewables in the coming decades.

But as a new paper from Stony Brook University and Lawrence Berkeley National Laboratory researchers points out, even these optimistic analyses fail to capture just how dramatically renewable energy and storage prices have dropped in recent years. The global weighted-average levelized costs of electricity (LCOE) of utility-scale solar panels, onshore wind, and battery storage have fallen by 77%, 35%, and 85%, respectively, between 2010 and 2018.

Plummeting Renewable Energy, Battery Prices Mean China Could Hit 62% Clean Power And Cut Costs 11% By 2030