• Energy Research
• 2025-2025close
• 7. Clean energy close
• DE close
• US close

With California's ambitious goal to achieve decarbonization of the electrical grid by the year 2045, significant challenges arise in power system investment planning. Existing modeling methods and software focus on computational efficiency, which is currently achieved by simplifying the associated unit commitment formulation. This may lead to unjustifiable inaccuracies in the cost and constraints of gas-fired generation operations, and may affect both the timing and the extent of investment in new resources, such as renewable energy and energy storage. To address this issue, this paper develops a more detailed and rigorous mixed-integer model, and more importantly, a solution methodology utilizing surrogate level-based Lagrangian relaxation to overcome the combinatorial complexity that results from the enhanced level of model detail. This allows us to optimize a model with approximately 12 million binary and 100 million total variables in under 48 hours. The investment plan is compared with those produced by E3's RESOLVE software, which is currently employed by the California Energy Commission and California Public Utilities Commission. Our model produces an investment plan that differs substantially from that of the existing method and saves California over 12 billion dollars over the investment horizon.

In the last decade, the manufacturing capacity of silicon, the dominant PV technology, has increasingly been concentrated in China. This has led to PV cost reduction of approximately 80%, while, at the same time, posing risks to PV supply chain security. Recent advancements of novel perovskite tandem PV technologies as an alternative to traditional silicon-based PV provide opportunities for diversification of the PV manufacturing capacity and for increasing the GHG emission benefit of solar PV. Against this background, we estimate the current and future cost-competitiveness and GHG emissions of a set of already commercialized as well as emerging PV technologies for different production locations (China, USA, EU), both at residential and utility-scale. We find EU and USA-manufactured thin-film tandems to have 2 to 4% and 0.5 to 2% higher costs per kWh and 37 to 40%and 32 to 35% less GHG emissions per kWh at residential and utility-scale, respectively. Our projections indicate that they will also retain competitive costs (up to 2% higher)and a 20% GHG emissions advantage per kWh in 2050.