Business

Solar Electricity is”the new king of Power”

Ray Kurzweil was right.

The International Energy Agency now announced solar energy”the new king of power,” saying in its own annual World Energy Outlook which”solar PV is always less costly than new coal- or even gas-fired energy plants in many states, and solar energy jobs today provide a number of the lowest price power ever seen”

Kurzweil advised us over a decade ago that this could occur. Hardly anyone believed. Kurzweil is the inventor and futurist famous for his writings about the singularity, the second when machine intelligence exceeds human intellect and it will become possible to upload our minds. “There will not be any differentiation, post-Singularity, between machine and human,” he’s composed.

Many of the predictions derive from implementing Moore’s Law to technology aside from computer chips and adhering to that notion where it belongs. Back when acoustic technology was {} ,” he discovered that it had been doubling in performance every 2 decades or so; he extrapolated out there.

Effect: Depending on what season that you choose because the baseline, he had been predicting over a few years ago that worldwide capacity in 2019 will be 448 gigawatts or in 2020 it could be 1,120 gigawatts. Truth is correct. The IEA’s quote for 2019 (the true number still is not accessible ) is 633 gigawatts; the prediction for 2020 is 770 gigawatts.

You might argue that Kurzweil’s prediction range was quite broad, but bear in mind he was creating these forecasts when international capacity was just seven to 15 gigawatts. Remember that he did not claim to forecast the future of petroleum, gas, gas or coal costs or even the future of electricity need as the world market expanded, all which would impact demand for solar technologies.

Making odd predictions that normally come true is mainly the story of Kurzweil’s lifetime, since Fortune mentioned four decades back. Today’s news is a reminder of exactly what author David Z. Morris informed: Ignore at your own peril.

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