Rocky Mountain Institute in its newly released report said that by 2035 it will be more expensive to run 90% of gas plants being proposed in the U.S. than it will be to build new wind and solar farms equipped with storage systems. In other words, the development of renewables (solar & wind energy) plus storage would be drastically during that time so that it makes future gas-fired power plants uneconomical.
The report also said that if gas plants lose their edge in power markets, the economics of pipelines will suffer, too. Even lines now in the planning stages could soon be out of the money.
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Date: Sep 14, 2019 @ 09:20
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