Solar Revolution: The Economic Transformation of the Global Energy Industry

by Travis Bradford

Overview

An innovative analysis that shows how the shift to solar energy—in particular, the use of photovoltaic cells—is both economically advantageous and inevitable, and will rival the information and communication technologies revolution in its transformative effects.

In Solar Revolution, fund manager and former corporate buyout specialist Travis Bradford argues—on the basis of standard business and economic forecasting models—that over the next two decades solar energy will increasingly become the best and cheapest choice for most electricity and energy applications. Solar Revolution outlines the path by which the transition to solar technology and sustainable energy practices will occur.

Developments in the photovoltaic (PV) industry over the last ten years have made direct electricity generation from PV cells a cost-effective and feasible energy solution, despite the common view that PV technology appeals only to a premium niche market. Bradford shows that PV electricity today has become the choice of hundreds of thousands of mainstream homeowners and businesses in many markets worldwide, including Japan, Germany, and the American Southwest. Solar energy will eventually be the cheapest source of energy in nearly all markets and locations because PV can bypass the aging and fragile electricity grid and deliver its power directly to the end user, fundamentally changing the underlying economics of energy. As the scale of PV production increases and costs continue to decline at historic rates, demand for PV electricity will outpace supply of systems for years to come. Ultimately, the shift from fossil fuels to solar energy will take place not because solar energy is better for the environment or energy security, or because of future government subsidies or as yet undeveloped technology. The solar revolution is already occurring through decisions made by self-interested energy users. The shift to solar energy is inevitable and will be as transformative as the last century's revolutions in information and communication technologies.

Product Details

ISBN-13:	9780262261920
Publisher:	MIT Press
Publication date:	09/26/2008
Series:	The MIT Press
Sold by:	Penguin Random House Publisher Services
Format:	eBook
Pages:	248
File size:	1 MB
Age Range:	18 Years

About the Author

Travis Bradford is a Professor of Professional Practice at Columbia University and former head of the energy and environment graduate program at the School of International and Public Affairs. He teaches and develops curriculum for hundreds of graduate students every year across the policy, business, sustainability, and engineering schools. He is the author of Solar Revolution: The Economic Transformation of the Global Energy Industry, founder and President of Prometheus Institute, and advisor to many public and private entities on energy and business strategy.

What People are Saying About This

Christopher Flavin

Solar Revolution makes a powerful case for a disruptive shift in the energy marketplace—ushering in a post-fossil-fuel age. Where others despair in the face of 'peak oil' and out-of-control climate change, Travis Bradford sees a unique opportunity to create a clean new energy economy.

Hermann Scheer

This book challenges the energy debate: it shows in a convincing way that atomic and fossil energies are dispensable and could be replaced totally by renewables within some decades.

R.K. Pachauri

This book is a rigorous but intensely practical analysis of how the world's energy future should evolve. It will be valuable not only for scholars dealing with the technological and policy aspects of energy, but also for the concerned citizen who may have no specialized knowledge of the issues. Solar Revolution should receive worldwide attention for exploring the pathways that can guide the world towards a renewable energy future.

Denis Hayes

Everyone who wants to understand the permanent energy answer that can reverse climate change, eliminate oil shocks, and avoid future Chernobyls should read this book. Bradford builds a compelling business case that solar energy is the most disruptive technology in history.

Endorsement

Solar Revolution is an essential read because it analyzes the transformation of the global energy economy. The market will drive the new energy economy, and solar is already a growing and influential player. This is a positive vision of a sensible, practical, sustainable energy future.

—Bill Richardson, Governor of New Mexico and former U.S. Secretary of Energy

From the Publisher

Everyone who wants to understand the permanent energy answer that can reverse climate change, eliminate oil shocks, and avoid future Chernobyls should read this book. Bradford builds a compelling business case that solar energy is the most disruptive technology in history.

—Denis Hayes, Former Director, U.S. National Renewable Energy Laboratory

This is a timely and much-needed book. The solar industry is evolving with dramatic speed, both technologically and economically. With a business perspective and a wealth of knowledge about the solar industry and the wider energy economy, TRavis Bradford provides an excellent account of solar energy today.

—Dan Kammen, Professor and Founding Director of the Renewable and Appropriate Energy Laboratory, University of California

This book challenges the energy debate: it shows in a convincing way that atomic and fossil energies are dispensable and could be replaced totally by renewables within some decades.

—Hermann Scheer, General Chairman, World Council for Renewable Energy, and member of the German Parliament

This book is a rigorous but intensely practical analysis of how the world's energy future should evolve. It will be valuable not only for scholars dealing with the technological and policy aspects of energy, but also for the concerned citizen who may have no specialized knowledge of the issues. Solar Revolution should receive worldwide attention for exploring the pathways that can guide the world towards a renewable energy future.

—R.K. Pachauri, Director-General, The Energy and Resources Institute, New Delhi, and Chair of the Intergovernmental Panel on Climate Change

Dan Kammen

This is a timely and much-needed book. The solar industry is evolving with dramatic speed, both technologically and economically. With a business perspective and a wealth of knowledge about the solar industry and the wider energy economy, TRavis Bradford provides an excellent account of solar energy today.

Bill Richardson

Solar Revolution is an essential read because it analyzes the transformation of the global energy economy. The market will drive the new energy economy, and solar is already a growing and influential player. This is a positive vision of a sensible, practical, sustainable energy future.

Editorial Reviews

Deeply researched...hopeful.

—Bill McKibben , New York Review of Books

Every American who pays or knows someone who pays an electric bill should read Solar Revolution.

—Cecil Johnson, "Business Bookshelf", Fort Worth Star-Telegram

While the book is a bit technical, even a solar-novice can learn plenty about the past and present of solar energy, and what may be in store for the future.

—E-The Environmental Magazine

From the Publisher

While the book is a bit technical, even a solar-novice can learn plenty about the past and present of solar energy, and what may be in store for the future.

—E-The Environmental Magazine

Reviews

While the book is a bit technical, even a solar-novice can learn plenty about the past and present of solar energy, and what may be in store for the future.

E-The Environmental Magazine

Every American who pays or knows someone who pays an electric bill should read Solar Revolution.

Fort Worth Star-Telegram - Cecil Johnson

Deeply researched...hopeful.

New York Review of Books - Bill McKibben