GE: Solar power may be cheaper than fossil oil
Mark Little, the global research director for GE, believes solar power could be cheaper than nuclear and fossil fuel power within the next three to five years. In an interview with Bloomberg, Little said, “If we can get solar at 15 cents a kilowatt-hour or lower, which I’m hopeful that we will do, you’re going to have a lot of people that are going to want to have solar at home.” Little also added that the US transition to a full smart grid will take “many, many years” to develop.
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