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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

We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 trillion to other zero-carbon technologies such as hydro and nuclear.

Wind 220
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Cummins invests $24M in flow battery leader VoltStorage

Green Car Congress

By investing in VoltStorage, we are taking steps to advance solutions focused on the grid and energy storage. Headquartered in Munich, VoltStorage was founded in 2016 by Jakob Bitner, Michael Peither and Felix Kiefl. —Jennifer Rumsey, President and COO, Cummins. Vanadium redox flow battery cell. Source: VoltStorage.

Batteries 467
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LLNL’s Energy Flow Diagrams Show That The US Isn’t Moving The Needle On Climate Action

CleanTechnica EVs

In 7 years of electrification and deployment of wind and solar, the US barely budged the needle, in fact declining slightly to more wasted energy in 2016 and 2017 before improving again in 2018 and onward.

Energy 141
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Arizona State University Professor’s Work to Stabilize the Grid Pays Off

Cars That Think

Whenever new technologies are introduced into the power grid, there’s always a chance they could disrupt the system, possibly even leading to blackouts. Finding ways to deal with the impact on the grid caused by incorporating renewable energy has been the focus of Vijay Vittal ’s research for nearly 20 years.

Arizona 88
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This Dutch City Is Road-Testing Vehicle-to-Grid Tech

Cars That Think

Unlike those you may have grown accustomed to seeing, many of these stations don’t just charge electric cars—they can also send power from vehicle batteries to the local utility grid for use by homes and businesses. Debates over the feasibility and value of such vehicle-to-grid technology go back decades. This is good for the grid.

Grid 93
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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

Green Car Congress

Because these units can start and stop quickly and operate at partial loads, they have become increasingly important in areas with high shares of renewable electricity generation from wind and solar. Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. MW of capacity.

Gas 348
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. NASDAQ:TSLA) a run for its money thanks to its 2016 acquisition of battery company Saft.

Oil 418