9.2 Electricity

The cost of zero-emissions baseload power drops to $0.02 per kWh by 2030.

2023
cost of utility-scale onshore wind
$0.03 per kilowatt hour
electricity provided for baseload demand
2023
cost of utility-scale solar PV
$0.04 per kilowatt hour
electricity provided for baseload demand
2030
cost of utility-scale renewables
$0.02 per kilowatt hour
electricity provided for baseload demand

How Is KR 9.2 Tracking?

To make the grid of the future reliable while keeping electricity affordable, we need innovation in electricity storage.

A reliable grid must provide enough low-cost electricity for everyday power needs and also for periods of peak power demand, including heat waves and winter storms. 

To get there, we need to innovate superior zero-emissions storage solutions for short-term use, including green hydrogen and home batteries charged by solar panels. We’ll also need grid-scale solutions to hold power for weeks or months and then dispatch it on demand in emergencies.

For new technologies to compete, they must match or beat the cost of their fossil fuel counterparts.

On Track

$0.03 per kWh for utility-scale onshore wind

$0.04 per kWh for utility-scale solar PV

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