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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. Coal emerges as the biggest loser in the long run. NEO 2018 sees $11.5

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ConocoPhillips announces sanction of $6B second train for Australia Pacific coal seam gas to LNG project; Sinopec interest to increase

Green Car Congress

million tonnes per annum (MTPA) production train for its Australia Pacific LNG coal seam gas (CSG) to liquefied natural gas (LNG) project in Queensland, Australia. LNG exports from the second train are scheduled to commence in early 2016 under binding sales agreements to Sinopec Corp. —Ryan Lance, chairman and CEO.

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Start-up commercializing NC State technology for drop-in biofuels; full commercial production targeted for 2016

Green Car Congress

According to Red Wolf, the process produces low levels of CO 2 relative to processes such as Fischer-Tropsch and coal liquefaction for the production of synthetic hydrocarbon fuels. This mitigates transportation costs of both the feedstock and the produced fuel. Step 3: Cracking and reforming. Click to enlarge.

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Our Energy crisis is self made in europe

EV Info

This is mainly due to our reliance on purchasing natural gas on the spot market to feed our power stations to make electricity and gas that is pumped into millions of homes for heating and the cost of gas has increased significantly over the last 6 months. In the U.K., Europe has wedged itself between a rock and a hard place.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

EIA added a premium to the capital cost of CO 2 -intensive technologies to reflect current market behavior regarding possible future policies to mitigate greenhouse gas emissions. In recent years, the US electric power sector’s historical reliance on coal-fired power plants has begun to decline. Click to enlarge.

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DOE to award up to $21.5M for two solid oxide fuel cell programs for central power generation

Green Car Congress

Technical areas of interest include: Innovative Concepts: This topic area will support the research and development of SOFC technology that has the potential to significantly undercut current DOE cost targets in a SOFC system. per 1000 hours power degradation over a 5-plus year stack life; high-volume (e.g., ?250MW/year)

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