Coal Production is More Expensive Than Wind and Solar
It seems that we may be at a tipping point, where renewable energy will finally become the norm.
A new report from Energy Innovation found that replacing coal power plants across the United States with renewable energy projects would save a considerable amount of money.
Specifically, replacing coal plants with local wind and solar would save enough to finance nearly 150 gigawatts of four-hour battery storage, over 60 percent of the coal fleet’s capacity. This would also generate $589 billion in new investment across the U.S.
In 2019, Energy Innovation pushed a similar report, which found that 70 percent of coal plants were more expensive to operate compared to new wind or solar. The new report points to 99 percent, and there’s only one coal plant in Wyoming to prevent that number from being 100 percent.
This new report comes on the heels of other positive news around renewable and clean energy. We recently highlighted how big tech is leading the way in buying clean energy, and clean energy is ushering in a new industrial age.
For us to truly ensure the long-term viability of our planet, we need all economic forces to be pointed squarely towards a sustainable direction. The business sector may actually be starting to “Invest in Our Planet,” which is the theme of Earth Day 2023.
This is why our Earth Day 2023 .earth web domain pricing promotion will be all about getting down to business. This specialized web domain is vital for any global business focused on fostering the green economy and embracing clean energy.
Stay tuned for more details around our pricing promotion. In the meantime, to learn more about the .earth domain, visit Voices.Earth. Also, many organizations and individuals are sharing their voices about the benefits of a .earth domain in our Voices.Earth podcast series.
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