Renewables with storage now cheaper and more reliable than fossil fuels

Renewable energy sources like solar and wind, when paired with battery storage, can now provide reliable, 24/7 electricity at costs competitive with or even lower than fossil fuels. This shift challenges the long-held assumption that fossil fuels are inherently more reliable. The International Renewable Energy Agency (IRENA) projects that fossil fuels will constitute only 20% of the global electricity mix by 2050, down from 70% currently. AI

RANK_REASON The cluster reports on a new analysis and benchmark from IRENA regarding the cost-competitiveness and reliability of renewable energy systems. [lever_c_demoted from research: ic=1 ai=0.0]

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• China
• fossil fuels
• Francesco La Camera
• International Renewable Energy Agency
• solar
• wind
• battery storage

• other

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