<h2>Economic Tipping Point</h2><p>Lazard's latest Levelized Cost of Energy (LCOE) analysis confirms that solar PV paired with 4-hour battery storage is now the cheapest source of new electricity generation in history, with an unsubsidized LCOE of $24-38/MWh in favorable locations.</p><p>This represents a 90% reduction from 2010 solar costs and makes solar-plus-storage cheaper than operating existing coal and gas plants in most markets. The analysis signals the definitive end of the fossil fuel era for new power generation.</p>