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Market Update: How Battery Pack Costs Declined Since 2008

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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.

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

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

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

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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
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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

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In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. As also announced in the 2008 Budget, the 20 pence per liter (US$1.21

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What Are Zero Emission Day and National Drive Electric Week?

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Fast forward to 2008 and Wallace started taking advantage of the internet’s ability to reach vast amounts of people simultaneously. According to the US Energy Information Administration: “In 2022, renewable energy sources accounted for about 13.1% Renewable energy sources accounted for about 21.5% of total U.S.

Emissions 123
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Global Bioenergies receives ?1M payment after improvements in bio-isobutene process

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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