July 4, 2020 Read More →

Natural gas no longer assumed to be transition fuel to renewables

Clean Technica:

There was a time not so long ago when EV advocates assumed plug-in hybrids would be the bridge technology between conventional cars and battery electrics. The thinking was that battery prices would remain so high that fully electric cars would take a long time to go mainstream. But a funny thing happened on the way to the EV revolution. Battery prices dropped faster than anyone thought possible, weakening the case for plug-in hybrids to the point where today many people smile at the idea of PHEVs.

The Institute for Energy Economics and Financial Analysis says, “Up until recently, the easy option for utilities would have been to propose using gas to replace coal. But not any longer. Rising concerns about climate change and continuing reductions in wind, solar and battery storage costs coupled with improved performance have altered the playing field.”

This is all good news for clean energy advocates. The idea that natural gas, most of which is derived from fracking, was never a “bridge fuel.” That was an invention of the natural gas industry which has powerful friends at all levels of the federal and many state governments. But gas is being done in by low prices for renewables and storage, which is precisely how capitalism is supposed to work. Now to eradicate the torrent of money the industry receives from federal and state subsidies. That fight is not over yet, but the end game has begun.

[Steve Hanley]

More: Natural Gas As A Bridge Fuel To The Future? Not Anymore

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