Comment by epistasis
3 days ago
For a very very long time, fracking was not economical, and only through massive government investment did it become cost effective.
Same goes for renewables, and electrolyzers. All evidence points to a future with renewable energy costing a small fraction of fossil fuels, and electrolyzers being cheaper than hydrogen from gas. But the future needs to be built. We can either lose out and buy the tech from others, or be leaders and reap the early rewards.
Where solar in particular really drops the cost of electricity is towards the end and beyond its design lifetime of 25-30 years. That's how a bunch of the costs are calculated and it's turning out systems are continuing to produce significantly beyond that. Paired with inflation, this makes old systems produce extremely low cost electricity.
It's not about tech now, it's just commodity install base making sure to ride the adoption curve at a healthy pace which people are more than happy to do just because of greed.