Pathway to 100% Renewable Electricity

Solar photovoltaics (PVs) and wind constitute more than 60% of global annual net new capacity additions. Balancing an electricity system with 30–100% variable PV and wind is straightforward using off-the-shelf techniques comprising stronger interconnection over large areas to smooth out local weather, storage, demand management, and occasional spillage of renewable electricity. The overwhelming dominance of PV, wind, and hydroelectricity in new renewable energy deployment means that renewable electricity is tracking toward near equivalence with renewable energy. A global survey of off-river (closed-loop) pumped hydro energy storage sites identified 616 000 promising sites around the world with a combined storage capacity of 23 million GWh, which is two orders of magnitude more than required to support 100% global renewable electricity. This is significant because pumped hydro storage is the lowest cost storage method and is available off-the-shelf in large scale. Australia is deploying PV and wind at a rate of 250 W per year per capita, which is four to five times faster than in the European Union, the USA, Japan, and China. This is significant because it demonstrates that rapid deployment of PV and wind is feasible, with consequent rapid reductions in greenhouse gas emissions.