Based on current deployment rates, it is likely that solar will surpass wind as the third-largest source of electricity. And solar may soon topple coal in the number two spot.
Looking ahead, through July 2028, FERC expects no new coal capacity to come online based on its “high probability additions” forecast. Meanwhile 63 coal plants are expected to be retired, subtracting 25 GW from the 198 GW total, and landing at about 173 GW of coal capacity by 2028. Meanwhile, FERC forecasts 92.6 GW of “high probability additions” solar will come online through July 2028.
Patents have a short life span. The patent wall keeps expiring and then everyone can use it no cost. the big improvements are long gone and all they can patent is small improvements you can do without (though you may not want to). They also run into those making things do their own r&d and have their own patents.
Years, depending on how it is used and renewed. But the point is that you’ve got a minefield of potential legal liabilities every time you try and launch a business. You don’t know whether what you’re doing is patented until you check. And if enough entrepreneurs have their businesses blown up early on, it delays how quickly alternative energy can be built out and deployed by at least as long as these patents survive.
When the government is in your corner, handing out subsidies, leaving environmental rules unenforced, securing new oil fields overseas through military force, and generally making your life as an energy tycoon easier, you’re at a comparative advantage to the wind farm guy who has to argue with the Kennedys over hurting a bird or obstructing the Massachusetts Bay skyline.