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Inside the Global Race to Tap Potent Offshore Wind

Cars That Think

One day soon, a platform 50 times as large may float in the deep waters of the North Sea, buoying up a massive wind turbine to harvest the steady, strong breezes there. About an hour’s ride up the coast, full-scale 3,000-tonne behemoths already float in Aberdeen Bay, capturing enough wind energy to electrify nearly 35,000 Scottish households.

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US Departments of Energy and Interior unveil national offshore wind strategy and major offshore wind initiatives

Green Car Congress

Unveiling a coordinated strategic plan to accelerate the development of offshore wind energy, Secretary of the Interior Ken Salazar and Secretary of Energy Steven Chu announced steps forward in support of offshore wind energy in the United States, including new funding opportunities for up to $50.5 Next-Generation Drivetrain (up to $7.5

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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DOE awarding more than $50M to 15 projects to advance critical material innovations

Green Car Congress

Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles.

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DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

Green Car Congress

The post-combustion outlet gas is more easily separated into water and CO 2 to the pipeline, thereby lowering the electricity costs of grids with high levels of VRE. The team’s approach uses a novel and low-cost heat-pump thermal storage system. Massachusetts Institute of Technology. 8 Rivers Capital.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

The number of electric vehicle models that can be leased for less than an average monthly lease cost of $400/month has grown by 50% since last August. These terms step over our $400 line in the sand, but negotiating a $1500 to $2000 discount should drop the effective lease cost of an all-wheel-drive Ioniq 5 SEL (255 miles of range, 0-60 in 4.4

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DOE offers $150M conditional commitment for a loan guarantee to support Direct Wafer manufacturing project

Green Car Congress

The project will be capable of producing approximately 700 to 1,000 megawatts (MW) of silicon-based wafers annually using a novel manufacturing process called Direct Wafer, which could reduce manufacturing costs of the wafers by approximately 50%.