MITEI releases report on the future of solar energy
From Melissa Abraham | MIT Energy Initiative : Report highlights enormous potential and discusses pathways toward affordable solar energy.
Solar energy holds the best potential for meeting humanity’s future long-term energy needs while cutting greenhouse gas emissions — but to realize this potential will require increased emphasis on developing lower-cost technologies and more effective deployment policy, says a comprehensive new study, titled “ The Future of Solar Energy ,” released today by the MIT Energy Initiative (MITEI).
“Our objective has been to assess solar energy’s current and potential competitive position and to identify changes in U.S. government policies that could more efficiently and effectively support its massive deployment over the long term, which we view as necessary,” says MITEI Director Robert Armstrong, the Chevron Professor in Chemical Engineering at MIT.
New Report Offers 'Distorted View' of Solar ITC
"Unfortunately, the report looks at the solar Investment Tax Credit in a vacuum, without any consideration given to the 100-year history of preferential tax treatment enjoyed by fossil fuels," Resch said.
Revenue from Energy Storage Technologies is Expected to Exceed $21 Billion Annually by 2024, According to Navigant Research
Vendors are under pressure to deliver more consistent, lower pricing, report concludes
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