Customer Feedback

Fully Renewable Power System by 2050

A new report launched during the COP23 UN climate summit, suggests that a 24-hour renewable electricity system is fully feasible by 2050.

It is claimed that with a reduction in fossil fuels and nuclear power, the system would be much more cost-effective than current the generation system.

The system would rely heavily on energy storage and suggests that an improvement in technological developments by 2050 will help the system to become a reality.

The report predicts that costs associated with a fully renewable system would be around £46/MWh in 2050, a reduction from £62 in 2015.

The report authors – Lappeenranta University of Technology and German non-profit Energy Watch Group – also claim that with the addition of around 36 million jobs as a result of the system, the planned system will have a wide appeal.

In addition to battery storage, which is predicted to cover around 31% of capacity, the report predicts that solar power will be the main driver of energy production for the system making up to around 69% of generation.

Wind energy will make up 18%, hydropower 8% and bioenergy 2%, by 2050.

Hans-Josef, President of the Energy Watch Group, stated: “There is no reason to invest one more dollar in fossil or nuclear power production. Renewable energy provides cost-effective power supply.”

“All plans for a further expansion of coal, nuclear, gas and oil have to be ceased.”

“More investments need to be channelled into renewable energies and the necessary infrastructure for storage and grids.”

“Everything else will lead to unnecessary costs and increasing global warming.”

Crown Gas & Power are a gas supplier to the commercial world. If you would like more information about our business supply and connection services, request a quote here or get in touch with our team on 0161 762 7744.

Follow us on FacebookTwitter and LinkedIn

Latest from Twitter

Further Reading...

How can we help you?

If you have a question or need some further information please get in touch using one of the options below

Crown Gas & Power
Bury New Road,
Heap Bridge,
Bury
BL9 7HY, UK
Tel: 0161 762 7744

Where to find us...

QUOTE

Contract coming to an end?
Moving to new premises?
GET A QUOTE NOW

Contract coming to an end?
Moving to new premises?

Get a Quote

METER READING

We don’t like billing customers to estimated readings, submit your gas reading now for a more accurate bill.

Submit Meter Reading

LATEST NEWS

Follow Crown Gas and Power on social media and keep up to date with all industry information

Latest News

CONSULTANTS

Are you a consultant looking to work with a transparent gas supplier?

Find out more
Crown Oil

Leading Nationwide Fuels & Lubricants Distributor delivering to homes & businesses

Crown Oil
Speedy Fuels & Lubricants

Fuels & Lubricants Supplier Specialising in Deliveries Across the London Area

Speedy Fuels & Lubricants
Crown Oil Environmental

Crown Oil supply a number of environmental services including fuel oil testing and fuel polishing.

Crown Oil Environmental