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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. gal last summer.

2019 186
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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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The projects announced today under DOE’s SunShot Initiative will spur American innovation to help reduce the costs of clean, renewable solar energy and re-establish US global leadership in this fast growing industry. Reducing Market Barriers and Non-Hardware Balance of System Costs: Seven projects to receive $13.6

Solar 348
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Even ruling Hawaii out as an outlier, the cost of electricity in Connecticut was 17.79 Source: EIA.

Renewable 220
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonization. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations.

Renewable 199
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Pike Research forecasts 37% CAGR for EV charging equipment, with 2.4 million units sold in 2020; wireless charging to show strong growth

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Although EVSE sales have been driven by federal stimulus dollars in 2011–2012, these projects are winding down, so sales will shift to non-publicly funded units. some revenue over and above the cost of the electricity and equipment usage. The data also. kWh; this is consistent with known charging rates for Level 2 units.

2020 277
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Costs are also falling due to classic economics. Earlier post.).

Financing 150
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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

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Combined with the increasing scarcity and cost of energy resources, it is therefore vital to develop a range of technologies that will ensure the long-term sustainability of mobility in Europe. Wind : Nordex. After 2025, the total cost of ownership (TCO) of all the powertrains converges.

Plug-in 244