Feb
20
Cheap solar power poised to undercut oil and gas by half
“Within five years, solar power will be cheap enough to compete with carbon-generated electricity, even in Britain, Scandinavia or upper Siberia. In a decade, the cost may have fallen so dramatically that solar cells could undercut oil, gas, coal and nuclear power by up to half.”
Comments
One Response to “Cheap solar power poised to undercut oil and gas by half”
I hadn’t known that costs were expected to drop so much so soon. There are always optimistic startups, but when the CEO of Applied Materials says such things I take serious notice.
The implications are staggering. For one thing, fully electric cars will become mainstream.
Even little things will benefit. If Toronto’s streetcars will be able to run without needing those ugly overhead wires (which I had to get used to when I moved here), that will make me very happy.