Full Title: Achieving 24/7 Renewable Energy by 2025
Author(s): Jan Pepper, Greg Miller, Sara Maatta and Mehdi Shahriari
Publisher(s): Peninsula Clean Energy
Publication Date: January 16, 2023
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Our MATCH (Matching Around-The-Clock Hourly energy) modeling shows that 24/7 renewable energy can be achieved at cost competitive rates, while achieving the expected benefits of reducing emissions, and providing wider benefits to the grid. That includes reductions in long run emissions by building new supplies and storage that will displace methane gas generation.
The cost of 24/7 renewable energy varies depending on how perfectly supply and demand are matched. We find that a “sweet spot” goal of providing 100% renewable energy on a 99% time-coincident basis results in only a 2% cost increase relative to our baseline, while achieving critical emission reductions and providing other benefits to the grid.
We are confident that these results and the release of our new MATCH modeling tool can guide Peninsula Clean Energy’s path toward 100% renewable energy on a 99% time coincident basis in 2025 and inspire and empower other California Community Choice Aggregators, load serving entities and utilities, and clean energy buyers in their efforts to achieve 100% clean energy around the clock.