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From Electrek: Solar power at 1¢/kWh by 2025 – “The promise of quasi-infinite and free...

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    Solar power at 1¢/kWh by 2025 – “The promise of quasi-infinite and free energy is here”

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    Thierry Lepercq, head of research, technology and innovation at the French energy company Engie SA, said in an interview at Bloomberg that he sees a potential for the cost of solar electricity to fall below $10-megawatt hour (1¢/kWh) in the sunniest climates by 2025. Lepercq believes “solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve (of upward growth potential).” One consequence of this new energy economy is that, “the price (of oil) could drop to $10 if markets anticipate a significant fall in demand.”

    “The promise of quasi-infinite and free energy is here.”

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