Neighborly Software’s Post

Will be interesting to see how companies react to the surge in power use, which will increase their cost and environmental footprint. One solution: invest in on-site solar to reduce cost, reduce your environmental footprint and hedge against price increases. My guess is that the ROI for on-site solar is going to increase more and more as these industry dynamics play out.

The energy transition is expensive, as electric rate increases go up, up up, because of more green, green green. Despite the fact that wind and solar advocacy groups constantly misrepresent levelized cost of energy (LCOE) values to claim wind and solar are the cheapest forms of electricity generation, there is no way around this point: the energy transition comes with a hefty price tag that will only increase as climate goals become stricter. The rate cases examined clearly label so-called “energy transition” investments as major drivers of rising electricity costs, and as long as we continue to play stupid games with our electric grid, we will continue to win stupid prizes. Brent Bennett Lea Márquez Peterson Public Utility Commission of Texas ERCOT https://lnkd.in/etAbPjkb

To us, solar panels are the key to controlling the climate and saving our planet. But we recognize that people go solar for all kinds of different reasons. So now we want to know: what prompted you to invest in solar energy?

To us, solar panels are the key to controlling the climate and saving our planet. But we recognize that people go solar for all kinds of different reasons. So now we want to know: what prompted you to invest in solar energy?

To us, solar panels are the key to controlling the climate and saving our planet. But we recognize that people go solar for all kinds of different reasons. So now we want to know: what prompted you to invest in solar energy?

☀ A new analysis by Ember: In the first six months of 2024, wind and solar grew fast enough to outpace demand growth and push fossil fuels out of the EU electricity mix. The report also notes: "The EU's swift action to reduce dependency on fossil fuels was evident as new wind and solar capacity came online, marking a permanent structural change. However, sustaining the EU's electricity transition at this pace will require a dedicated policy focus to ease barriers to wind and solar integration. Adequate support to grid connections and other enablers of swift development will be needed to ensure that economic, security, and climate benefits are delivered across Europe." Read more on Ember's website, 👉 https://lnkd.in/dYTBGACV

Georgia Power's rise to meet surging energy demands with ambitious new projects is a mixed tale of progress and contention. On the bright side, their approved proposal marks a milestone: 1,400 MW of new gas and oil-fired generation is poised to bolster the reliability of Georgia's energy grid amidst twofold customer growth. 🌱🔌 Yet, this step is not without its drawbacks. Environmental advocates voice their unease, spotlighting the plan's heavy lean on fossil fuels and looming rate hikes for consumers. 🏭💰 The balance, however, teeters towards innovation. The green light for three new units at Plant Yates and a 750 MW power purchase, carries a hefty $3 billion tab, yet Georgia Power's commitment to distributed energy resources and solar and battery technology pilots heralds a sustainable pivot. The promise of nearly doubling renewable resources by 2035 shines as a beacon of hope in the transition towards clean energy. 💡♻️ In face of criticism, notably the Southern Alliance for Clean Energy's remarks on lackluster ratepayer protection and tepid clean energy advancements, it's imperative to ask: How will Georgia Power mesh these new fossil fuel projects with their renewable aspirations to craft a future that's both energy-rich and environment-friendly? 👥🌿 #GeorgiaPower #RenewableEnergy #SustainableFuture

The latest issue of The Economist reports how the future of the world's energy needs lies in the exponential growth of solar power. It's worth a read.

Solar is the future of energy

The sun shines everywhere on our planet, even if intermittently, and our sun's energy will outlive our planet, making its energy potential self-evident. Furthermore, most other energy sources, past and present, originate from the sun's energy. it is no wonder then, to see solar energy forge ahead to economic success.