{"id":14273,"date":"2015-09-09T10:47:15","date_gmt":"2015-09-09T14:47:15","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=14273"},"modified":"2015-09-09T10:52:08","modified_gmt":"2015-09-09T14:52:08","slug":"solar-power-prices-dropping-faster-than-moores-law","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2015\/09\/solar-power-prices-dropping-faster-than-moores-law.html","title":{"rendered":"Solar power prices dropping faster than Moore&#8217;s Law"},"content":{"rendered":"<p>\nMore confirmation that solar power is winning so there&#8217;s no excuse for any new pipelines.<\/p>\n<blockquote style=\"font-size:100%\">\n<p>\ntl;dr: Moore&#8217;s Law is an analogy. As an analogy, it works. And<br \/>\nprogress is happening <strong>far faster<\/strong> than I projected in my &lsquo;solar<br \/>\nMoore&#8217;s Law&rsquo; piece of 2011.]\n<\/p>\n<\/blockquote>\n<p style=\"text-align:center;font-size:80%\">\n<a href=\"http:\/\/rameznaam.com\/2011\/03\/17\/expis-moores-law-really-a-fair-comparison-for-solar\/\"><br \/>\n<img decoding=\"async\" style=\"border:none\" src=\"http:\/\/rameznaam.com\/wp-content\/uploads\/2011\/03\/Solar-Module-Price-1977-2013-800x602.jpg\"><\/a>\n<\/p>\n<p>\nRamez Naam, on his blog, April 2015,<br \/>\n<a href=\"http:\/\/rameznaam.com\/2011\/03\/17\/expis-moores-law-really-a-fair-comparison-for-solar\/\"><br \/>\nIs Moore&#8217;s Law Really a Fair Comparison for Solar?<\/a><!--more--><\/p>\n<blockquote style=\"font-size:100%\">\n<p>\n[This is an update of a post I first wrote in March of 2011,<br \/>\nresponding to criticism of the analogy of Moore&#8217;s Law for solar<br \/>\npower. Updating in April 2015, on the 50th Anniversary of Moore&#8217;s<br \/>\nLaw, in light of renewed conversation on this topic&#8230;.\n<\/p>\n<p>\n&#8230; <strong>actual progress in solar power module prices has been dramatically faster than I projected<\/strong>.<\/p>\n<p>\nIn the 2011 piece, the graphs project that in 2015, solar modules<br \/>\nwould cost just under $2 \/ watt. We&#8217;d reach 50 cents per watt in<br \/>\nmodule price around 2030.\n<\/p>\n<p>\n<strong>We have 50 cent per watt solar module prices today<\/strong>. Solar module<br \/>\nprices are 15 years ahead of where those (at the time, optimistic)<br \/>\nprojections in 2011 placed them.\n<\/p>\n<p>\nSay what you will about the analogy of Solar Moore&#8217;s Law &mdash; the<br \/>\nnumerical projections of price that I presented in 2011 were too<br \/>\nconservative. Price reduction has happened far faster than the<br \/>\nhistorical norm.\n<\/p>\n<\/blockquote>\n<p>\nAnd yes, I know the mechanisms are not exactly the same as Moore&#8217;s Law for computer chips; that&#8217;s why it&#8217;s an analogy.<\/p>\n<p>\nAn analogy demonstrating what exponential growth can do,<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2012\/12\/what-is-moores-law-for-solar-power.html\"><br \/>\nas I pointed out in 2012<\/a>:<br \/>\ncomputers, mobile phones, the Internet itself, and smart phones<br \/>\nall deployed on exponential curves.<\/p>\n<p>\nOne year only a few had even heard of them.<br \/>\nTen years later everybody had them.<br \/>\n<P><br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2013\/01\/power-source-growth-rates-like-compound-interest.html\"><br \/>\n<img decoding=\"async\" style=\"float:right;border:none\" src=\"https:\/\/farm9.staticflickr.com\/8226\/8421700685_a46c93cf27_n.jpg\"><\/a><br \/>\nAnd that ten years for solar power started in 2013, with the<br \/>\npredictions by former FERC Chair Jon Wellinghoff and me that<br \/>\nwithin a decade more U.S. electric energy will come from solar power<br \/>\nthan any other source.<br \/>\nThat&#8217;s by 2023.<br \/>\nAnd according to eia and FERC figures,<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2014\/04\/as-predicted-u-s-solar-capacity-grew-more-than-400-in-4-years.html\"><br \/>\nsolar deployment is actually going faster than we predicted<\/a>.<\/p>\n<p>\nJust like Ramez Naam observes that the prices driving that solar deployment are dropping faster than he predicted.<\/p>\n<p>\nSolar power will <a href=\"http:\/\/www.l-a-k-e.org\/blog\/2013\/08\/solar-power-will-win-like-the-internet-did.html\">win like the Internet did<\/a>.<br \/>\nNow that a governor who took campaign funds from six different pipeline companies<br \/>\nhas signed a solar financing bill passed unanimously by both houses of the<br \/>\nmost corruption-prone legislature, helping make that state, Georgia,<br \/>\nthe fastest-growing solar market in the country,<br \/>\nwhile coal is crashing, and new pipelines are running into opposition everywhere,<br \/>\nit&#8217;s becoming obvious to everyone that<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/03\/solar-growth-like-compound-interest-has-turned-al-gore-into-an-optimist.html\"><br \/>\nsolar power will win<\/a>.<br \/>\nAfter all,<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/09\/citi-agrees-fixing-climate-change-is-profitable.html\"><br \/>\nfixing climate change is profitable<\/a>,<br \/>\nand solar power is the fastest way to get going on that path.<\/p>\n<p>\nNot just solar powering the current electrical grid, either.<br \/>\nMark Z. Jacobson&#8217;s peer-reviewed Stanford research has laid out a plan for<br \/>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/07\/100-renewable-energy-for-u-s-by-2050.html\"><br \/>\nsun, wind, and water power for everything<\/a> from cars to airplanes by 2050,<br \/>\nwith 25% by 2025, 80% by 2030, and 90% by 2035.<\/p>\n<p>\n<a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/05\/ga-gov-nathan-deal-signs-solar-financing-law.html\"><br \/>\n<img decoding=\"async\" style=\"float:right;border:none\" src=\"http:\/\/i0.wp.com\/farm6.staticflickr.com\/5301\/5632134880_2f2363a7f2_m.jpg?zoom=1.5&#038;w=625\"><\/a><br \/>\nThere is no longer any excuse for building more 20th century pipelines.<br \/>\nLet&#8217;s <a href=\"http:\/\/www.l-a-k-e.org\/blog\/2015\/09\/lets-stop-sabal-trail-before-it-makes-any-more-mistakes.html#comment-54596\">stop Sabal Trail<\/a><br \/>\nand all its kin before they do any more damage.<\/p>\n<p>\nLet&#8217;s go straight to cleaner, safer, faster, cheaper, sun, wind, and water power.<\/p>\n<p>\nThe sun is rising!<\/p>\n<p>\n -jsq<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More confirmation that solar power is winning so there&#8217;s no excuse for any new pipelines. tl;dr: Moore&#8217;s Law is an analogy. As an analogy, it works. And progress is happening far faster than I projected in my &lsquo;solar Moore&#8217;s Law&rsquo; piece of 2011.] Ramez Naam, on his blog, April 2015, Is Moore&#8217;s Law Really a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,216,14,6124,559,6687,24],"tags":[8719,8753,8704,8701,8702,12,7,25,562,8782,6076,8697,6597,8714,6966,6],"class_list":["post-14273","post","type-post","status-publish","format-standard","hentry","category-climate-change","category-coal","category-economy","category-natural-gas-2","category-oil","category-pipeline-2","category-solar","tag-climate-change","tag-coal","tag-economy","tag-georgia","tag-lake","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-moores-law","tag-natural-gas","tag-oil","tag-pipeline","tag-ramez-naam","tag-sabal-trail-transmission","tag-solar","tag-spectra-energy","tag-valdosta"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/14273","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=14273"}],"version-history":[{"count":5,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/14273\/revisions"}],"predecessor-version":[{"id":14278,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/14273\/revisions\/14278"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=14273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=14273"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=14273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}