Outcompeting fossil fuels in the energy transition
Energy markets are not exactly free markets, and the replacement of existing generation is not entirely tied to price. There are artificial regulatory constructs and financial structures built into energy markets which can favor certain parties (utilities) and fuels (legacy coal, gas, and nuclear).
So, victory in the economic realm (which is increasingly the case with solar and solar+storage) is no guarantee of market victory if the regulations are still stacked against renewables. In addition to regulatory bias against renewable energy, one of the massive challenges of the energy transition is the need to equitably retire thousands of existing …
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