“For the first time ever, renewable electricity generation beat out coal-fired electricity generation on a national level, according to the Energy Information Agency (EIA).” – Ars Technica
“First they ignore you. Then they laugh at you. Then they fight you. Then you win.” That’s an adage that is being proven again, this time with renewable energy. For the first time, renewable energy won. The victory over coal may be temporary because renewable energy is seasonal, but a recent spike popped renewable energy while coal cratered. The trends suggest this may be the prelude to a permanent shift. Despite political pressures, coal looks like it is experiencing a financial death spiral where decreased demand means costs are spread over fewer customers, driving up their prices, providing an incentive to use competitive sources. At the same time, renewable energy is making technological advances and increased adoption is lowering prices because of economy of scale. Within five years, renewables may be the primary source of electrical power. Win.