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Title: Solar on the rise: How cost declines and grid integration shape solar’s growth potential in the United States

Abstract

During the past decade, solar power has experienced transformative price declines, enabling it to become a viable electricity source that is supplying 1% of U.S. and world electricity. Further cost reductions are expected to enable substantially greater solar deployment, and new Department of Energy cost targets for utility-scale photovoltaics (PV) and concentrating solar thermal power are $0.03/kW h and $0.05/kW h by 2030, respectively. However, cost reductions are no longer the only significant challenge for PV - addressing grid integration challenges and increasing grid flexibility are critical as the penetration of PV electricity on the grid increases. The development of low cost energy storage is particularly synergistic with low cost PV, as cost declines in each technology are expected to support greater market opportunities for the other.

Authors:
; ; ; ; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)
OSTI Identifier:
1456872
Report Number(s):
NREL/JA-6A20-71800
Journal ID: ISSN 2329-2229; applab
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Journal Article
Journal Name:
MRS Energy & Sustainability
Additional Journal Information:
Journal Volume: 5; Journal ID: ISSN 2329-2229
Publisher:
Materials Research Society - Cambridge University Press
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 29 ENERGY PLANNING, POLICY, AND ECONOMY; photovoltaic; energy generation; energy storage; economics

Citation Formats

Jones-Albertus, Rebecca, Cole, Wesley, Denholm, Paul, Feldman, David, Woodhouse, Michael, and Margolis, Robert. Solar on the rise: How cost declines and grid integration shape solar’s growth potential in the United States. United States: N. p., 2018. Web. doi:10.1557/mre.2018.4.
Jones-Albertus, Rebecca, Cole, Wesley, Denholm, Paul, Feldman, David, Woodhouse, Michael, & Margolis, Robert. Solar on the rise: How cost declines and grid integration shape solar’s growth potential in the United States. United States. doi:10.1557/mre.2018.4.
Jones-Albertus, Rebecca, Cole, Wesley, Denholm, Paul, Feldman, David, Woodhouse, Michael, and Margolis, Robert. Mon . "Solar on the rise: How cost declines and grid integration shape solar’s growth potential in the United States". United States. doi:10.1557/mre.2018.4.
@article{osti_1456872,
title = {Solar on the rise: How cost declines and grid integration shape solar’s growth potential in the United States},
author = {Jones-Albertus, Rebecca and Cole, Wesley and Denholm, Paul and Feldman, David and Woodhouse, Michael and Margolis, Robert},
abstractNote = {During the past decade, solar power has experienced transformative price declines, enabling it to become a viable electricity source that is supplying 1% of U.S. and world electricity. Further cost reductions are expected to enable substantially greater solar deployment, and new Department of Energy cost targets for utility-scale photovoltaics (PV) and concentrating solar thermal power are $0.03/kW h and $0.05/kW h by 2030, respectively. However, cost reductions are no longer the only significant challenge for PV - addressing grid integration challenges and increasing grid flexibility are critical as the penetration of PV electricity on the grid increases. The development of low cost energy storage is particularly synergistic with low cost PV, as cost declines in each technology are expected to support greater market opportunities for the other.},
doi = {10.1557/mre.2018.4},
journal = {MRS Energy & Sustainability},
issn = {2329-2229},
number = ,
volume = 5,
place = {United States},
year = {2018},
month = {1}
}

Works referenced in this record:

Terawatt-scale photovoltaics: Trajectories and challenges
journal, April 2017


The future cost of electrical energy storage based on experience rates
journal, July 2017


Technology advances needed for photovoltaics to achieve widespread grid price parity: Widespread grid price parity for photovoltaics
journal, April 2016

  • Jones-Albertus, Rebecca; Feldman, David; Fu, Ran
  • Progress in Photovoltaics: Research and Applications, Vol. 24, Issue 9
  • DOI: 10.1002/pip.2755

Solar power needs a more ambitious cost target
journal, April 2016