Friday, February 10, 2017
Low carbon technologies are now cost competitive with fossil fuels
The Lloyd’s Register Technology Radar – Low Carbon, analyses the outlook for renewables, nuclear, grid and infrastructure, and energy storage, based on opinions of almost 600 professionals and experts around the world. The report examines the technological future of low carbon across power generation, transmission, distribution and energy storage.
Respondents were asked to rate a number of technologies in terms of their potential impact, the amount of time it would take for these technologies to hit the market, the pace of innovation in their sector - and what they see as the major drivers and blockers. The main conclusion of the report: low carbon generation technologies are cost competitive, and 70% of survey respondents say that renewables are now reaching cost parity with fossil fuels. Read more at http://www.lr.org