"A new study finds that conventional electric power plants powered by fossil
fuels and hydro are massively overvalued by the world’s leading analyst
organizations. The report says they are overvalued to such a degree that the
trillions of dollars of investment in these industries could amount to a
“bubble” similar to the subprime mortgage housing bubble whose collapse
triggered the 2008 financial crash.
The stunning findings imply not only that renewable energies such as solar,
wind and battery storage are far cheaper than believed, but that they are
already outcompeting coal, natural gas, nuclear, and hydro power. This fact,
however, has been masked by distorted calculations based on a fundamentally
incorrect metric: the ‘Levelized Cost of Electricity’ (LCOE)."
Via Maximilian Montserrat and Richard Healy.
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics