What is done by EO can be undone by EO. When President Pence loses the election in 2020, this can all be undone. In the meantime:
Building a New Wind Farm Costs Less Than Running an Old Coal Plant
Wind and solar power are getting cheaper every day, and lower costs means renewable energy is giving coal and nuclear power a run for its money—quite literally.
A year ago, solar power became
the world’s cheapest form of energy, and wind and solar are the
best investments in large swaths of the U.S. Now, a
new report from financial firm Lazard Ltd. concludes that solar and wind are so cheap that building new wind and solar farms costs less money than continuing to run current coal or nuclear plants.
Lazard’s annual study, the Levelized Cost of Energy Analysis (LCOE), compares the costs of different types of energy generation and storage tech.
According to their most recent report, released earlier this month, the cost of alternative energy sources like wind and solar have fallen far enough to make new facilities competitive with current coal and nuclear plants.
“In some scenarios the full-lifecycle costs of building and operating renewables-based projects have dropped below the operating costs alone of conventional generation technologies such as coal or nuclear,”
according to the press release.
And now other companies are starting to build huge battery factories in other nations. That will introduce new technologies, and price competition to the batteries for the EV's and Grid. Which will make the EV's far more competitive with the ICE's. Then we can stop burning a valuable resource and use it for an industrial feed stock.
Battery storage “gigafactory” planned for Darwin for 2018
Australia’s first battery storage “gigafactory” is likely to be built in Darwin, with a new consortium planing to establish a large-scale lithium-ion manufacturing plant by the end of 2018.
Energy Renaissance, a company backed by engineering group UGL (now owned by CIMIC) says the first phase of the $100 million plant will create four distinct production lines, and will target niche utility and industrial scale markets in Australia and Asia.
Energy Renaissance is partnering with
US battery storage company 24M, and is said to have the enthusiastic support, if not the financial backing, of the new Labor government, which also has a 50 per cent renewable energy target by 2030.
“Renaissance One” – as it will be known – is one of at least two “gigafactory” proposals for Australia, with the Boston Energy consortium led by former Macquarie Group property guru Bill Moss looking
at a much larger 15GWh production line in Townsville.
