The Biden administration on Thursday set a goal to cut the cost of solar energy by 60% over the next decade as part of an ambitious plan to decarbonize the United States’ power sector by 2035.
The U.S. Department of Energy said the goal accelerates its previous utility-scale solar cost target by five years. For the U.S. power grid to run entirely on clean energy within 15 years, a key pillar of President Joe Biden’s climate change agenda, solar energy will need to be installed as much as five times faster than it is today, DOE said.
To get there, the agency committed to spending $128 million on technologies including perovskite solar cells, which are regarded as a promising cheap alternative to the silicon cells that dominate the market. Funds will also support research on cadmium telluride and concentrating solar technologies.
Part of the funding will also seek to extend the lifetime of existing photovoltaic solar plants by improving components like inverters, cables and racks.
“This first burst of funding will help us add even […]
Yes, this is a good announcement. However, how does this dovetail with the UN’s own IPCC announcement from 2018, where humanity was given 12 years to get their act in gear? Also, how does this jibe with countries announcing carbon neutrality by 2050? The dates are not lining up. Where is the truth amidst all the honesty? hahaha
Great news.. Each step adds energy to what we need. Humans were not made to live forever. And it’s important not to focus too much on predictions made even a year ago. Everything changes constantly..
$128 million is not very much in today’s world economy. It should be more like a billion or more.