POV: Power Breakfast

Power Breakfast for May 19, 2016

New photovoltaics world record set in Australia; EIA says Clean Power Plan to affect power sector CO2 emissions


POV: Power Breakfast

A nearly daily update of energy-related news:

  • Scientists at the University of New South Wales set a new world record for sunlight-to-electricity conversion for PV cells at a 34.5 percent efficiency rate. NREL confirmed that this result is almost 44 percent better than the previous record set at 24 percent efficiency. Dr. Mark Keevers, senior research fellow, says “This encouraging result shows that there are still advances to come in photovoltaics research to make solar cells even more efficient. Extracting more energy from every beam of sunlight is critical to reducing the cost of electricity generated by solar cells as it lowers the investment needed, and delivering payback faster.”
  • The EIA reports that emissions from the power sector would be 25 percent higher in 2030 if the Clean Power Plan is not implemented. The EIA says, “Currently, the power sector accounts for 36% of total energy-related CO2 emissions, but its share falls to 31% by 2030 in the reference case when power sector emissions fall below those of the transportation sector.” Additionally, the EIA says that the CPP’s effect on electricity prices may rise about 3 percent.
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