Solar Power Exponential Growth

Ray kurzweil the futurist and director of engineering at google predicts that solar power will grow at an exponential rate throughout the 21st century.

Solar power exponential growth.

We can use the last decade to predict the future prices of solar power. Concentrating solar power market to witness exponential growth by 2020 2027 leading players abengoa solar aalborg csp acwa power bright source energy esolar posted on. Why 6 500 growth is within reach. During this period of time photovoltaics pv also known as solar pv evolved from a niche market of small.

During this period of time photovoltaics pv also known as solar pv evolved from a niche market of small scale applications to a mainstream electricity source. For example recent deployment of onshore wind highlights that falling costs alone may not lead to ever increasing deployment. Nicki zvik founder of green solar technologies a solar panel distribution company headquartered in southern california states with the solar industry growing at such exponential rates it. Exponential growth also calls for solar pv to outcompete not only alternatives for new investment but also the existing power plants based on costs and value.

To simplify i use the capacity growth value for solar photovoltaic panels 0 105 gw 1992 to 405 gw projection 2017 39 14 annual or 2 78 monthly growth as representative for the entire renewable energy mix needed in the future the combined growth rate of wind turbines concentrated solar geothermal etc. Projections for long term us solar power growth vary widely and while most foresee growth moderating from recent exponential rates the potential for continued exponential growth is worth consideration as it has happened with other technologies. Not by looking at the cost of solar as a function of time but by looking at the cost of solar as a function of cumulative scale of the solar industry. Would lead to a more complex and.

In his essay the law of accelerating returns ray believes the growth of solar will resemble moore s law. Solar power growth may continue to outpace most conventional projections. We can do this because solar power like computing is an exponential technology which follows the rules of exponential. One of the reasons solar energy could grow 6 500 between 2016 and 2050 the period this report is analyzing is because solar energy is growing from a fairly.

The doubling of computer capability every two years.