Thierry Lepercq, head of research, technology and innovation at the French energy company Engie SA, said in an interview at Bloomberg that he sees a potential for the cost of solar electricity to fall below $10-megawatt hour (1¢/kWh) in the sunniest climates by 2025. Lepercq believes “solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve (of upward growth potential).” One consequence of this new energy economy is that, “the price (of oil) could drop to $10 if markets anticipate a significant fall in demand.” “The promise of quasi-infinite and free energy is here.” The key argument being pushed regarding renewables by Lepercq is price – nothing to do with environmental concerns at all. From a business perspective, Engie is hoping to grow into the microgrid market in the coming years – as can be noted by the combination of technologies and studies from […]