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Rocky Mountain Institute study shows renewables are kicking natural gas to the curb

by Steve Hanley, Clean Technica


Highlights

  • New research from the Rocky Mountain Institute (RMI) shows that renewable energy is leading natural gas as the preferred choice of new electricity generation 
  • The study looks at energy projects from two of America’s largest electricity markets — ERCOT and PJM
  • RMI argues that there should be a shift away from utility monopolies and an embrace of open competition 
  • Over the past two years, there has been a transition away from building new gas fired plants towards more renewable energy projects as they are performing better within electricity markets 
  • Since 2018 the demand for clean energy projects has doubled while gas project demands have been cut in half, leaving over $30 billion worth of gas projects canceled or abandoned 
  • Voting in climate champions will promote federal policies that prioritize clean energy and help appoint the right people into government agencies like the Federal Energy Regulatory Commission 

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Read More: https://cleantechnica.com/2020/10/03/rocky-mountain-institute-study-shows-renewables-are-kicking-natural-gas-to-the-curb/