Hurricanes, flooding and fires are just the first symptoms of the ongoing climate change. For any hope of eliminating these changes, humanity has to first eliminate CO2 emissions into the atmosphere, especially from the area of energy. This is the driving force for the much-heralded Energy Transition, which is the ongoing shift from the conventional, centralized, fossil fuel powered grid to a new energy system driven by the technologies that have had steep and sustained learning curves.
In particular, photovoltaic (PV) generation and battery storage have produced cost declines of 90+% over the last 20 years. Dramatically lower costs are driving entrepreneurs and investors to disrupt the energy market, meaning that the transition is about economics—climate gains just provide a tailwind.
