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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
Resource Relation:
Journal Name: MRS Energy & Sustainability; Journal Volume: 5
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},
number = ,
volume = 5,
place = {United States},
year = {Mon Jan 01 00:00:00 EST 2018},
month = {Mon Jan 01 00:00:00 EST 2018}
}