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

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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. Coal emerges as the biggest loser in the long run. BNEF sees $1.3

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

Anticipated demand from the auto industry—as well as solar-panel manufacturing and data centers—is leading utilities to forecast single-digit percentage growth every year through the end of the decade in some regions, according to report. That’s a big change considering that demand has stayed flat—or declined—in most of the U.S.

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

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The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.

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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind or solar power. Carbon prices and emission policies will still be essential to drive hydrogen use, particularly in locations with very cheap coal and gas. Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The use of coal—which met almost half of the increase in global energy demand over the last decade—rises 65% by 2035. Prospects for coal are especially sensitive to energy policies – notably in China, which today accounts for almost half of global demand.

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Linc Energy Chinchilla UCG to Liquids Demo Plant Producing High-Quality Synthetic Hydrocarbons

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During the first half of 2009, the Linc Energy Limited Underground Coal Gasification (UCG) to Liquids demonstration plant at Chinchilla ( earlier post ) ran four major production campaigns each of which has seen further improvements in plant performance, according to the company. Peter Bond, Linc Energy CEO.

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