A growing number of states are requiring large batteries to be used to store electricity to help expand wind and solar power. The trend is catching on quickly as at least three states have created energy storage targets or incentives so far this year.
Lawmakers in New York passed a bill last week requiring the state to create an energy storage target. Nevada passed a bill incentivizing energy storage in May, and Maryland passed an energy storage tax credit in April. Those measures follow California, Oregon, and Massachusetts, which have mandates for electricity storage in batteries.
Lins said the switch to green energy needed to speed up and, crucially, start converting transport, heating and cooling to renewable sources. “The world is in a race against time,” she said.
Christiana Figueres, the former UN climate chief who delivered the Paris agreement and is now convenor of Mission 2020, said: “The economic case for renewables as the backbone of our global energy system is increasingly clear and proven. Offering ever greater bang-for-buck, renewables are quite simply the cheapest way to generate energy in an ever-growing number of countries.”
Solar power has grown rapidly in the last seven years, going from almost nothing to 11GW of capacity, meaning it now regularly provides more power than Britain’s last coal plants. There is also 15GW of wind power, a figure that will climb this year as major offshore windfarms come online.
This is a hopeful argument from George Monbiot for rebuilding a community of people in every area. As it is already working, and probably what most of us are involved in someway, we should propagate this hope.
“It’s also time for Government to recognise that we should not leave the workers stranded, but provide opportunities in the new industries of the 21st century.”
Thierry Lepercq, head of research at French energy company Engie, who recently told Bloomberg that the growth in renewable energy could push the cost of oil down to as low as $10 in less than 10 years.