Solar and batteries could cut electricity costs by 40%, Schneider Electric research finds
Austria, Nov. 10 -- Schneider Electric, a global energy technology leader, today published a report from the Schneider Electric Research Institute (SERI) examining how rising solar panel and battery adoption shapes total electricity costs.The report, System Costs of Electricity: A new Baseline for the 21st Century Economy, modeled 40,500 scenarios across different combinations of solar, battery and grid costs to identify whether the rise of distributed energy resources (DERs) will ultimately raise or lower electricity costs overall.It found that, when DER deployment is coordinated with electrification, the overall cost of running the electricity system could be cut by as much as 40% by the 2030s as solar panels and batteries scale up. These...
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