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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.

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BG Group sanctions US$15B coal seam gas to LNG project; first such

Green Car Congress

BG Group has approved implementation of the first phase of a US$15-billion project to convert coal seam gas (CSG) to LNG—the first major commercial project to do so. First LNG exports are planned to commence from 2014, underpinned by agreements in Chile, China, Japan and Singapore for the purchase of up to 9.5 Source: QCLNG EIS.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

The report recommends five key steps for front-loading net-zero: Build conditions that enable additions of renewable electric- ity sources as quickly as possible. Once there is sufficient renewable output, battery storage and thermal balancing power plant capacity in the system, retire legacy inflexible plants, such as coal.

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Opinion: Why Lithium Will See Another Price Spike This Fall

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In some locations, grid-scale peaking applications have already been implemented, often in old coal power plants, re-using the building and grid connections. Grid-scale storage battery demand can easily eclipse the need for automotive batteries. Demand Response: A Wild Ride.

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We Need More Than Just Electric Vehicles

Cars That Think

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.