National Renewable Energy Laboratory / by Austin Brown, et al.
[From Press Release] Analysts at the Energy Department’s National Renewable Energy Laboratory (NREL) are providing, for the first time, a method for measuring the economic potential of renewable energy across the United States.
A study applying this new method found that renewable energy generation is economically viable in many parts of the United States largely due to rapidly declining technology costs.
The report, Estimating Renewable Energy Economic Potential in the United States: Methodology and Initial Results, describes a geospatial analysis method used to estimate the economic potential of several renewable resources. Economic potential is a metric that quantifies the amount of economically viable renewable generation that is available at a specific location. Analysis to date includes photovoltaics (PV), wind, geothermal, biomass and hydropower resources…