Each 1.8 GW of new gas generation capacity could be replaced by 1.7 GW of solar as part of a cleaner, 6.3 GW collection of renewables and energy storage facilities–and that alternative already comes in cheaper than the business-as-usual approach, according to the Carbon Tracker thinktank.
CPS Energy has taken the first step towards bringing those volumes – plus 500 MW of firming capacity – to the Lone Star State in pursuit of the power company’s 50%-renewables-by-2040 goal.
Market intelligence firm BloombergNEF has published a report with power company Statkraft and clean energy distributor Eaton highlighting the importance of sector coupling for Europe’s decarbonization plans. Analysts examined the power markets of Germany and the U.K. and concluded effective sector coupling including the use of green hydrogen could lead to greenhouse gas emission reductions of 83% by 2050.
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