Hawaii’s new reality of solar plus storage: under 10 cents
The price for each of these contracts was between eight and ten cents per kilowatt-hour. This is cheaper than both gas peaker plants and HEI’s current cost of fossil fuel generation, much of which is petroleum-based, which the company put at around 15 cents per kilowatt-hour.
But perhaps more important than that is that these projects can be used to supply electricity during the evening peak and on cloudy days, moving solar from an intermittent, mid-day supply of electricity to a dispatchable resource.
As such, they are ushering in the age of the solar peaker. And there will be more where these came from.
The price for each of these contracts was between eight and ten cents per kilowatt-hour. This is cheaper than both gas peaker plants and HEI’s current cost of fossil fuel generation, much of which is petroleum-based, which the company put at around 15 cents per kilowatt-hour.
But perhaps more important than that is that these projects can be used to supply electricity during the evening peak and on cloudy days, moving solar from an intermittent, mid-day supply of electricity to a dispatchable resource.
As such, they are ushering in the age of the solar peaker. And there will be more where these came from.