article thumbnail

Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022.

2008 52
article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Source: Adeyeye et al. Adeyeye et al.

Renewable 338
article thumbnail

Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

Green Car Congress

Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Valero Renewables. Earlier post.)

Renewable 199
article thumbnail

Global Bioenergies receives ?1M payment after improvements in bio-isobutene process

Green Car Congress

ISOPROD project will replace isobutene of fossil origin with isobutene of renewable origin with a better environmental and energy balance. Recovering the government R&D tax credit on the short term will bring our (unaudited) cash position to more than €11 million. The objective is to avoid 2 kg of CO 2 per kg of bio-isobutene.

Global 170
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” Billion in 2008).

Financing 150
article thumbnail

Senate Strives for Palatable Energy Bill; Plug-in Credits In

Plugs and Cars

As presently consitituted, the Senate bill drops the requirement of electricity generators to achieve 15% renewable sources, but includes higher CAFE standards and major provisions for plug-ins, including conversions. It also creates a 20 percent tax credit for consumers who convert their vehicle to a plug-in, or up to $2,500.

Plug-in 100
article thumbnail

Partner Update and Announcement

Plug In Partners

Although consumer tax credits for PHEVs enjoyed bipartisan support in both houses of Congress, concerns over other tax portions of the energy bill resulted in the entire tax package being removed from the original bill. The bill, HR 5351 includes a credit for plug-in hybrid electric vehicles. The bill (H.R.