{"id":12632,"date":"2015-03-18T19:30:45","date_gmt":"2015-03-18T23:30:45","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=12632"},"modified":"2015-03-18T19:36:44","modified_gmt":"2015-03-18T23:36:44","slug":"solar-growth-like-compound-interest-has-turned-al-gore-into-an-optimist","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2015\/03\/solar-growth-like-compound-interest-has-turned-al-gore-into-an-optimist.html","title":{"rendered":"Solar growth like compound interest has turned Al Gore into an optimist"},"content":{"rendered":"<p>\nNot even Al Gore saw that the continually decreasing price of<br \/>\nsolar power was causing exponential deployment growth that<br \/>\nwill win within a decade. But now he does.<br \/>\nSince solar is going to win, building destructive and hazardous<br \/>\npetroleum pipelines for short-term profit for a few executives and investors<br \/>\nwould be short-sighted at best.<br \/>\nLet&#8217;s stop those pipelines, LNG export, and fracking, and plug in to<br \/>\nsun, wind, and water power for a clean and prosperous future.<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\nExperts predicted in 2000 that wind generated power worldwide would<br \/>\n<a href=\"http:\/\/www.goodplanet.org\/en\/60-solutions-for-the-climate-summit-in-new-york\/\"><br \/>\n<img decoding=\"async\" style=\"float:right;border:none;width:300px\" src=\"http:\/\/www.goodplanet.org\/wp-content\/uploads\/2014\/09\/IMG_32441-1024x768.jpg\"><\/a><br \/>\nreach 30 gigawatts; by 2010, it was 200 gigawatts, and by last year<br \/>\nit reached nearly 370, or more than 12 times higher. Installations<br \/>\nof solar power would add one new gigawatt per year by 2010,<br \/>\npredictions in 2002 stated. It turned out to be 17 times that by<br \/>\n2010 and 48 times that amount last year.\n<\/p>\n<\/blockquote>\n<p>\nAnd you ain&#8217;t seen nothing yet:<!--more--><\/p>\n<blockquote style=\"font-size:100%\">\n<p>\nDubai&#8217;s state utility accepted a bid for a solar power plant with a<br \/>\ncost per kilowatt-hour of less than six cents. &ldquo;Wow,&rdquo; he<br \/>\nsays, his eyes wide. &ldquo;That just set everybody on their<br \/>\near.&rdquo;\n<\/p>\n<p>\nSuch changes, he says, represent a sharp break with the past, not a<br \/>\nslow evolution.\n<\/p>\n<\/blockquote>\n<p>\nGore now understands that solar power is growing like cell phones did.<\/p>\n<p>\nAnd it&#8217;s not the first subject about which he used to be way too conservative.<br \/>\nHe (or his then-wife Tipper)<br \/>\nwas the reason I was a party to a Supreme Court case against the<br \/>\nCommunications Decency Act.<\/p>\n<p>\nBut Gore is finally saying what I and others such as former FERC Chairman Jon Wellinghoff and former TVA Chair S. David Friedman have been saying for years:<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\n&ldquo;We&#8217;re going to win this.\n<\/p>\n<p>\n&ldquo;The only question is how long it takes.&rdquo;\n<\/p>\n<\/blockquote>\n<p>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/11\/bloomberg-notices-solar-now-cheaper-than-all-other-forms-of-energy.html\"><br \/>\n<img decoding=\"async\" style=\"float:right;border:none\" src=\"http:\/\/www.l-a-k-e.org\/blog\/wp-content\/uploads\/2014\/11\/dd78149a9a769a86ded3b53fbd5e6757.jpg\"><\/a><br \/>\nS. David Friedman<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/01\/tva-needs-to-listen-to-former-chair-s-david-friedman-about-solar-power.html\"><br \/>\nwrote a book in 2007<\/a> saying solar will win.<br \/>\nBut Friedman was too conservative: he assumed technological breakthroughs<br \/>\nwould be necessary, when actually little more than economies of scale<br \/>\nand business models ramping up have kept driving prices down and deployment up.<br \/>\nWhile the &#8220;nuclear renaissance&#8221; fizzled, and goal got scalped like a<br \/>\nmountaintop removal by shale gas, solar prices parachuted below all of those.<br \/>\nAs<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/11\/bloomberg-notices-solar-now-cheaper-than-all-other-forms-of-energy.html\"><br \/>\nBloomberg has noticed<\/a>, solar pwoer is now cheaper than all other forms of energy.<\/p>\n<p>\nLike<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2013\/08\/solar-will-overtake-everything-ferc-chair-jon-wellinghof.html\"><br \/>\nformer FERC Chair Jon Wellinghoff predicted in 2013<\/a>,<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\n&ldquo;Solar is growing so fast it is going to overtake<br \/>\neverything.&rdquo;\n<\/p>\n<\/blockquote>\n<p>\nWellinghoff gave an example of exponential growth and continued:<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\n&ldquo;If a single drop of water on the pitcher&#8217;s mound at Dodger<br \/>\nStadium is doubled every minute, a<br \/>\nperson chained to the highest seat would be in danger of drowning in<br \/>\nan hour.&rdquo;\n<\/p>\n<p>\n&ldquo;That&#8217;s what is happening in solar.<br \/>\nIt could double every two years.&rdquo;<\/p><\/blockquote>\n<p>\nIt<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/06\/56-increase-shale-gas-2012-2040-100-increase-solar-2012-2014.html\"><br \/>\nmore than doubled in two years<\/a>:<br \/>\nWellinghoff was also too conservative.<\/p>\n<p>\nMeanwhile,<br \/>\nthe rosiest prediction for shale gas are for 56% increase over 28 years.<br \/>\nThat&#8217;s right, solar power increases more <em>in a single year<\/em><br \/>\nthan than predicted for fracked methane over several decades.<\/p>\n<p>\nThe answer to Al Gore&#8217;s question of how long will it take<br \/>\ndepends on whether we&#8217;re following the sunny yellow 60.9%\/year<br \/>\ncurve in this graph,<br \/>\nor something closer to the sky-blue 100%\/year curve:<\/p>\n<p style=\"text-align: center;\">\n<a title=\"FERC 2012 power source gigawatts and growth rates projected 20 years\" href=\"http:\/\/www.flickr.com\/photos\/98706376@N00\/8421700685\/\"><br \/>\n<img decoding=\"async\" style=\"border:none;\" class=\"at-xid-6a0120a58214e4970b017ee7f5d888970d\" src=\"\/blog\/images\/6a0120a58214e4970b017ee7f5d888970d-pi.jpg\"  alt=\"FERC 2012 power source gigawatts and growth rates projected 20 years\"  \/><\/a>\n<\/p>\n<p>\nEither way, we see for last year exactly what we expected to see:<br \/>\nwind beat every other power source for total new deployed power in that year.<br \/>\nAnd that will continue for a few years, until solar power passes wind in<br \/>\nnew megawatts deployed per year.<br \/>\nThen in about seven years or sooner solar will pass wind in total cumulative<br \/>\nmegawatts deployed.<br \/>\nThat&#8217;s after both wind and solar beat coal for total deployed megawatts.<br \/>\nThen about a year or two later solar will pass natural gas for total deployed megawatts,<br \/>\nemerging as the biggest U.S. power source, within a decade from 2013 when<br \/>\nWellinghoff and I made those predictions.<br \/>\nBy 2023 at 60.9% annual increase in solar deployment.<br \/>\nThat&#8217;s eight years from now.<\/p>\n<p>\nHow much faster?<br \/>\nWell, the actual solar deployment rate the past couple of years<br \/>\nis at least 65% per year, not 60.9%.<br \/>\nAnd the latest numbers (stay tuned) seem to be even faster than that.<br \/>\nIf we could really push the annual solar deployment rate up to 100%,<br \/>\nsolar would beat everything by 2020.<br \/>\nThat&#8217;s only five years from now.<\/p>\n<p>\nAnd those projections assume that coal and natural gas deployments continue<br \/>\nto increase at 2012 rates.<br \/>\nMeanwhile, according to Owen Davis, International Business Times, 10 March 2015,<br \/>\n<a href=\"http:\/\/www.ibtimes.com\/nearly-every-major-bank-has-ditched-mountaintop-coal-mining-1842042\"><br \/>\nNearly Every Major Bank Has Ditched Mountaintop Coal Mining<\/a>.<br \/>\nEchoing<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2012\/04\/were-just-ripe-for-solar-power-cobb-emc.html\">what I wrote in April 2012<\/a>,<br \/>\nKathleen Rogers and Danny Kennedy wrote<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2012\/12\/renewables-are-winning-nukes-are-dead-and-coal-is-crashing.html\"><br \/>\nfor EcoWatch 14 December 2012<\/a>,<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\nCoal is dead. Nuclear is going down. Solar will eat the lunch of<br \/>\nutilities that don&#8217;t start generating it.\n<\/p>\n<\/blockquote>\n<p>\nWind may help even more.<br \/>\nThere are some promising new wind turbine designs,<br \/>\nand even without those Georgia Power (or somebody) could deploy<br \/>\nwind off the Georgia coast and push the wind growth rate up.<br \/>\nBut solar will win with or without more help from wind.<\/p>\n<p>\nSure, &#8220;natural&#8221; gas companies keep trying to push their fracked methane<br \/>\ngouges through our fields and under our rivers to pipe their poisons<br \/>\nto LNG export plants.<br \/>\nBut<br \/>\nSpectra and FPL&#8217;s<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/03\/sabal-trail-contractor-yard-at-end-of-valdosta-airport-runway.html\">Sabal Trail<\/a><br \/>\ninvasion aimed through Alabama and southwest Georgia to Florida,<br \/>\nand<br \/>\nKinder Morgan&#8217;s<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/02\/kinder-morgans-palmetto-pipe-line-to-savannah-and-jacksonville.html\"><br \/>\nPalmetto Project<\/a> proposed march through southeast Georgia to the sea<br \/>\nat Jacksonville<br \/>\nare fighting last century&#8217;s battles.<br \/>\nSolar is going to win.<br \/>\nAll we have to do is to stop the last thrashings of those dead pipeline snakes.<\/p>\n<p>\nMany of the big electric utilities are trying to stop this solar revolution.<br \/>\nBut if they don&#8217;t get on board the solar train,<br \/>\nthose already on the train like SolarCity will barrel right by them.<br \/>\nJeremy C. Owens, San Jose Mercury News, 15 March 2015,<br \/>\n<a href=\"http:\/\/www.mercurynews.com\/business\/ci_27720343\/solarcity-launches-microgrids-tesla-batteries-protect-communities-from\"><br \/>\nSolarCity launches community microgrids with Tesla batteries<\/a>.<br \/>\nBe afraid, FPL, and Duke Energy, and even mighty Southern Company.<\/p>\n<p>\nSolar energy supplying most U.S. electricity is not the end of the process.<br \/>\nMeanwhile, the electric car conversion started by hybrids such as the<br \/>\nToyota Prius and continued by the Chevy Volt, the Nissan Leaf, and of course<br \/>\nTesla, will expand even more rapidly.<br \/>\nElectric cars, like solar power, will be turbocharged as new storage<br \/>\nmethods get commercialized.<\/p>\n<p>\nAnd the rest of the world also has to convert.<br \/>\nBut as Gore points out,<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/11\/china-u-s-and-russia-energy-deals-bad-news-for-sabal-trail-fracked-methane-pipeline.html\">Obama&#8217;s climate deal with China<\/a> is indeed historic.<br \/>\nA year ago January the WWF predicted<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/10\/china-can-go-80-sun-wind-water-power-by-2050-wwf.html\"><br \/>\nChina can go 80% sun, wind, water power by 2050<\/a>,<br \/>\nimproving quality of life by reducing emissions 90%,<br \/>\nand making Chinese citizens more prosperous.<br \/>\nIf the U.S and China can do it, the whole world can do it.<\/p>\n<p>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2013\/04\/electric-utiltiies-know-about-moores-law-for-solar-power.html\"><br \/>\n<img decoding=\"async\" style=\"float:right;border:none\" src=\"http:\/\/www.l-a-k-e.org\/blog\/images\/6a0120a58214e4970b01676575c0bc970b-pi.jpg\"><\/a><br \/>\nWhen even our beloved Georgia,<br \/>\nfamous as the most corrupt state in the union,<br \/>\ncan move in one year from way behind to<br \/>\n<a href=\"http:\/\/savannahnow.com\/news\/2014-11-18\/georgia-fastest-growing-solar-market\"><br \/>\nfastest growing solar market in the country<\/a>,<br \/>\na new world is indeed coming.<\/p>\n<p>\nA world so sunny even Al Gore is smiling.<\/p>\n<p>\n -jsq<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not even Al Gore saw that the continually decreasing price of solar power was causing exponential deployment growth that will win within a decade. But now he does. Since solar is going to win, building destructive and hazardous petroleum pipelines for short-term profit for a few executives and investors would be short-sighted at best. Let&#8217;s [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[216,14,19,6124,104,24,36],"tags":[8348,8753,8349,8704,8701,8709,507,8702,12,7,562,8737,8714,8789,6,8716],"class_list":["post-12632","post","type-post","status-publish","format-standard","hentry","category-coal","category-economy","category-history","category-natural-gas-2","category-nuclear","category-solar","category-wind","tag-al-gore","tag-coal","tag-dubai","tag-economy","tag-georgia","tag-history","tag-internet","tag-lake","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-natural-gas","tag-nuclear","tag-solar","tag-tennessee","tag-valdosta","tag-wind"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/12632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=12632"}],"version-history":[{"count":7,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/12632\/revisions"}],"predecessor-version":[{"id":12639,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/12632\/revisions\/12639"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=12632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=12632"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=12632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}