Germany’s Solar revolution threatens fossil fuel based generation

In Fossil Fuel Generator Industry Will Be Hit Hardest By Energy Storage, Giles Parkinson, of CleanTechnica describes a new report from the investment bank HSBC that predicts “conventional energy generators will be the biggest losers from the upcoming energy storage boom, as both consumers and grid operators look to battery and other storage technologies.”

Already under pressure from the rapidly declining prices of rooftop solar collectors and large-scale solar and wind generation, the declining prices of battery storage portends greater challenges ahead for traditional fossil fuel based electrical generators.

http://www.dailykos.com/story/2014/10/05/1334333/-Upcoming-solar-storage-parity-in-Germany-represent-threat-to-fossil-fuel-industry