The Biden administration on Wednesday released the ‘Solar Futures Study’ outlining how solar energy can help decarbonize the U.S. power grid and help achieve the administration’s goal of net zero emissions in the electricity sector by 2035.
“The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process,” Secretary of Energy Jennifer Granholm said in a statement, and as published by the REUTERS.
The report lays out several steps the United States should take to achieve the 40% target, including installing 30 gigawatts per year of solar capacity between now and 2025 and 60 GW a year between 2025 and 2030.
It also calls for deploying tools to expand transmission of solar energy such as storage, microgrids and forecasting, which will play a “role in maintaining the reliability and performance of a renewable-dominant grid,” the Department of Energy said.
Biden’s plan to achieve the administration’s goal of zero emissions and decarbonize the power sector by 2035 would require an area bigger than the Netherlands for the solar industry alone, according to research firm Rystad Energy.
The U.S. solar industry said the report underscores the need for “significant policy” support.
Over 700 companies sent a letter to Congress seeking a long-term extension of a solar investment tax credit, which would “ease project financing challenges” and include standalone energy storage.