Future development of photovoltaic energy panels
The Future of Solar Energy considers only the two widely recognized classes of technologies for converting solar energy into electricity — photovoltaics (PV) and concentrated solar power (CSP), sometimes called solar thermal) — in their current and plausible future forms.
The Future of Solar Energy considers only the two widely recognized classes of technologies for converting solar energy into electricity — photovoltaics (PV) and concentrated solar power (CSP), sometimes called solar thermal) — in their current and plausible future forms.
The Solar Futures Study is a U.S Department of Energy report that explores the role of solar energy in achieving the goals of a decarbonized grid by 2035 and a decarbonized energy system by 2050.
Accelerated solar PV deployment coupled with deep electrification could deliver 21% of the CO₂ emission reductions (nearly 4.9 gigatonnes annually) by 2050. Solar PV could cover a quarter of global electricity needs by mid-century, becoming the second largest generation source after wind.
In 2021, solar energy attracted a 56% share in overall renewable energy investments and 21% of the overall power sector investments. However, more needs to be done to increase solar investments to the required level to achieve energy transition objectives.
The Solar Futures Study explores potential pathways for solar energy to drive deep decarbonization of the U.S. electric grid by 2035, and envisions how further electrification could decarbonize the broader U.S. energy system by 2050. The study was produced by the U.S. Department of Energy Solar Energy Technologies Ofice and the National .
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