20260425 Technology Growth Cycle
Graphic explaining the growth cycle of new technologies, especially renewable energy technologies Concept from: Roser, Max. Chart titled "Technologies that become cheaper with increasing production enter a virtuous cycle" in Why did renewables become so cheap so fast?. Our World in Data (1 December 2020). Archived from the original on 16 April 2026. — Re renewable energy, source explains: "The initial demand in the high-tech sector meant that some solar technology was produced and this initial production started a virtuous cycle of increasing demand and falling prices. ... To satisfy increasing demand more solar modules get deployed, which leads to falling prices; at those lower prices the technology becomes cost-effective in new applications, which in turn means that demand increases. In...
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