logo

Is zero-cost energy in our near future?

Tuesday, May 19, 2020
By William Boger
NO

The price of renewable energy has hit all-time lows in recent years and is expected to keep falling, particularly for solar and wind power, as infrastructure and supply catch up to the increasing demand. Unlike fossil-fuel reserves owned by sovereign governments or private producers, sunlight and wind are free to all. But continuing costs arise from harnessing, storing and distributing their energy to end users.

The International Renewable Energy Agency estimates that costs for solar and wind power technologies could fall by at least 26% and as much as 59% between 2015 and 2025.

This fact brief is responsive to conversations such as this one.
ABOUT THE CONTRIBUTOR
Between 2020 and 2022, under close editorial supervision, Gigafact contracted a group of freelance writers and editors to test the concepts for fact briefs and provide inputs to our software development process. We call this effort Gigafact Foundry. Over the course of these two years, Gigafact Foundry writers published over 1500 fact briefs in response to claims they found online. Their important work forms the basis of Gigafact formats and editorial guidelines, and is available to the public on Gigafact.org. Readers should be aware that while there is still a lot of relevant information to be found, not all fact briefs produced by Gigafact Foundry reflect Gigafact's current methods and standards for fact briefs. If you come across any that you feel are out of date and need to be looked at with fresh eyes, don't hesitate to contact us at support@gigafact.org.
FACT BRIEF BY
facebook
twitter
email
email