About Us
Why Clean Energy
Renewables are the world's cheapest sources of electricity
In 2020, renewables became the world’s cheapest source of electricity, with wind, and occasionally solar, leading the way. We are in the midst of the next great energy transition, witnessing an acceleration of renewables becoming more reliable, economical, and ubiquitous while also decreasing pollution and environmental damage.
In addition, it has proven difficult to generate clean, local, and reliable power for some industries, such as transportation, steel, and cement. Enter the clean hydrogen moment. While traditionally created with fossil fuels, the falling prices of renewables presents an exciting opportunity to create “clean” hydrogen from wind and solar energy and a chance to change the way we power a broad range of industries.
The growth of renewable energy is a transition to a long-term, sustainable source of domestic energy for the future. Wind, solar, battery storage and hydrogen energy will become critical components of a resilient, diversified grid, American energy independence, and a new engine powering growth for the American economy. Due to a combination of technological advancements and market dynamics, now is the ideal time to focus on further investment in the development of renewable energy infrastructure.
Clean Energy is Now Cost Competitive with Traditional
Energy Sources
The technology for converting wind and solar energy into electricity has advanced to the point where renewable energy is now the most cost competitive way for utilities to keep the lights on, even after accounting for the intermittency of wind and sunlight. According to the American Clean Power Association (ACP), the cost of electricity generated by wind has dropped approximately 40% in the last three years and is projected to continue becoming increasingly less expensive.
Lower battery storage system costs are another factor helping boost the case for renewable energy. According to a recent report from the National Renewable Energy Laboratory, the installed cost of solar and battery storage systems continued to drop between 2020 and 2021 in the US, with utility-scale solar systems seeing a 12.3% decline. Including battery storage systems into grid mixes enhances overall flexibility, renewable energy integration, and provides instant additional energy when needed on short notice.