UC Berkeley reports solar, wind, and Li-ion batteries can cost-effectively help U.S. grid reach 90% carbon-free electricity by 2035

June 16, 2020
Owning the Energy Transition More...
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by Tim Grejtak
Very important

A study from the Goldman School of Public Policy at the University of California, Berkeley, found that 90% of the U.S.'s electricity demand in 2035 can be met cost-effectively by scaling wind, solar, and Li-ion battery storage deployments. The study concludes that $1.7 trillion invested into 1,100 GW of new wind and solar, 150 GW of four-hour storage, and modest increases to transmission capacity would result in a 10% reduction in wholesale electricity prices by 2035, compared to a 20% reduction under business as usual. Clients should see this as another data point that decarbonizing the electricity supply is straightforward in the U.S., but decarbonization of other sectors of the economy or in other countries will be much more challenging.

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