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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Note: CCUS is carbon capture and storage, DR-EAF is direct reduction of iron paired with an electric arc furnace. Source: BloombergNEF.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Solar is cheapest and falling The significant drop in solar power costs, by 23% in 2023, signals the end of supply chain disruptions and inflationary pressures. With a forecasted 30% cost reduction by 2030 as cheaper Chinese turbines gain market share, Australia and Southeast Asia stand to benefit from low-cost wind power equipment imports.

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Power-to-gas trial to inject hydrogen into Australia’s gas grid; A$5M award to AquaHydrex

Green Car Congress

The Australian Renewable Energy Agency (ARENA) announced a trial for a new type of electrolyzer which could see excess renewable energy stored in the gas grid and used to decarbonize Australia’s gas supply. When hydrogen burns, it produces only water vapor and no carbon dioxide.

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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 arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion to other zero-carbon technologies such as hydro and nuclear.

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EV ute overload: The electric pickups coming soon

EV Central

Will it come to Australia? In some form possibly , especially since Tesla reduced the external dimensions of the Cybertruck, making it more likely for export markets such as Australia. Tesla previously took $150 refundable pre-orders in Australia, but it has since stopped taking them. There will also be an EV version in 2026.

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Solar and Battery Companies Rattle Utility Powerhouses

Cars That Think

A decade ago it became possible to get your electricity in the UK from a department store chain (though with the actual power supplied first by a Scottish utility and— as of 2018 —arranged and managed by Octopus Energy). It's also of note that Tesla is behind the very large battery at Australia's Hornsdale Power Reserve.

Solar 113
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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

Green Car Congress

Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral. Albemarle Corp.

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