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Recall our recent post on “Sadoway’s Liquid Metal Battery May Hold The Key To 100% Renewable Future“, the age of batteries is just getting started. As climate change continues to challenge the way we live our lives and demanding us to think about how our lifestyles impact the planet earth, with the help of advancing battery storage technology, more people are turning to renewable energy. A recent report by analysts of Bloomberg New Energy Finance has estimated that 72 million new homes will be solar-powered by 2030 as access to cheap, sustainable energy sources continues to expand and battery storage technologies continue to improve. The release of this report coincides with UN delegates meeting during the  week in New York back in July. Its focus is on ensuring access to affordable and reliable energy, water, and safe and resilient cities.

 

 

 

It further points out that, “decentralized systems, including those powered by renewables, could and should close the gap in an environmentally sustainable way. In fact, they estimate that the total industry investment required to achieve this is approximately $372 billion dollars less than recent assessments by the International Energy Agency.” Itamar Orlandi, the head researcher at Bloomberg New Energy Finance group, states that the IEA “appears to assume the costs well above those we already see in the market.”

Li Yong, the director of the UN’s Industrial Development Organization, called on nations to “move towards decentralized energy systems which entail decentralized energy generation and storage, as well as community involvement.” He indicated that in order to get there, we should be “funding options to enable investment for low-carbon infrastructure and the deployment of leap-frogging technologies.” He ended  with the importance of committing to a “leave no one behind” energy policy for 2030.

According to the analysis, about 16% of the world’s population, 1.2 billion people, still have little or no electricity. If things stay at the same pace and decentralized energy grids are not expanded, about 700 million people will still not have power by 2030. Having access to reliable and affordable electricity is critical for the socio-economic development of any community, availing education, developments, and commerce after dark.

Orlandi writes, “From the mid-2020s onwards, decentralized technologies will be able to bring electricity for the first time to more people than the grid, through a combination of cheaper components, established supply chains, consumer uptake of solar home systems, and fewer remaining locations where competing grid extensions remain economic.” He continues, “Of the 238 million new households to get electricity between now and 2030, 72 million will use solar home systems and 34 million will benefit from microgrids.”

The shift toward the renewables, solar and wind, definitely is certain and robust. We will look forward to our clean future with optimism.

Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker
More about the community at www.WindermereSun.com

Any comments, suggestions, concerns regarding this post will be welcomed at info.WindermereSun@gmail.com

 

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