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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.

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DOE awards $2.7M to U Florida, Synhelion to support production of hydrogen from concentrated solar

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million from the US Department of Energy Solar Energy Technologies Office (SETO). The project aims to accelerate the large-scale development and deployment of concentrating solar thermal power (CSP) technology to produce green hydrogen for industrial decarbonization and electric power generation and storage.

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CPUC proposes revising Net Energy Metering rules to push customers to install storage with rooftop solar

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For more than 20 years, California has aggressively supported the rooftop solar market through its Net Energy Metering (NEM) program in Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric Company (SDG&E) territories. NEM has enabled 1.3

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

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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). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. More recently, labor costs started to rise.

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KU Leuven team creates solar panel that produces hydrogen from moisture in air

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Bioscience engineers at KU Leuven have created a solar panel that produces hydrogen gas from moisture in the air. Twenty of these solar panels could provide electricity and heat for one family for an entire winter. A traditional solar panel converts between 18 to 20% of the solar energy into electricity.

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MITEI study finds hydrogen-generated electricity is a cost-competitive candidate for backing up wind and solar

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A team at MITEI (MIT Energy Initiative) has found that hydrogen-generated electricity can be a cost-competitive option for backing up wind and solar. Currently, plants burning fossil fuels, primarily natural gas, fill in the gaps as peaker plants—a tendency that is likely to grow pari passu with VREs.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Each year, NEO compares the costs of competing energy technologies through a levelized cost of energy analysis.

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