article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
article thumbnail

World Bank Group: mineral production to soar as demand for clean energy increases

Green Car Congress

A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. Source: “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition”.

Clean 243
article thumbnail

NREL, Berkeley Lab propose efficiency and stability best-practices for solar water-splitting

Green Car Congress

Scientists from the US Department of Energy’s National Renewable Energy Laboratory (NREL) and Lawrence Berkeley National Laboratory (Berkeley Lab) are providing researchers with a guide to how best to measure the efficiency of producing hydrogen directly from solar power. NREL set the first record for STH efficiency exceeding 10% (12.4%

Water 199
article thumbnail

BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5

Clean 259
article thumbnail

In a milestone, the US exceeds 5 million solar installations

Baua Electric

Photo by RAZE Solar on Unsplash The US has now officially surpassed 5 million solar installations, a significant landmark in its shift toward clean energy, according to data released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The US solar market was valued at $51 billion in 2023.

article thumbnail

Just 2 More Weeks Till Sunstock 2017! Are You Ready to Rock L.A.?

Creative Greenius

And all of it powered by the sun and the solar PV systems on site. Tickets are ridiculously affordable and every sale goes to fund GRID Alternatives’ install of a solar PV system for A Safe Place for Youth , a homeless youth shelter on the West Side. The best music. The best audience. The best vibe. Great food and drink.

2017 150
article thumbnail

Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

Green Car Congress

Source: California Energy Commission The latest data from the California Energy Commission (CEC) shows that in 2021 more than 37% of the state’s electricity came from Renewables Portfolio Standard (RPS)-eligible sources such as solar and wind, an increase of 2.7% compared to 2020.