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California Adopts 2030 Preferred System Portfolio With 12 GW New Wind, Solar, Storage, Geothermal

California’s IRP decision Friday is a major step for the state, but regulators stressed that the review process will be more robust going forward as increasing amounts of capacity are procured by aggregators rather than distribution utilities. The targets the commission approved “are not hard procurement targets for the load-serving entities, but they do point to the scale of what we need to procure, and they indicate the attributes of resources that we need to achieve the emissions, reliability, and cost goals,” Commissioner Liane Randolph wrote in a blog post. The order sets out “the optimal 2030 portfolio of supply- and demand-side resources needed to achieve our state’s ambitious greenhouse gas emissions reduction targets.”

Electricity Costs From Battery Storage Down 76% Since 2012: BNEF

The ever-decreasing cost of electricity from batteries is giving fossil fuels a run for their money as renewable energy projects combined with battery storage become increasingly competitive power supply options. The LCOE for lithium-ion batteries has fallen 35% to $187/MWh since the first half of 2018, research company BNEF said Tuesday. Going back to 2012, BNEF found the cost of battery storage has dropped 76%, from almost $800/MWh.