Remove Cost Remove Cost Of Remove Forecast Remove Gas-Electric
article thumbnail

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

Green Car Congress

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.

Cost Of 255
article thumbnail

EIA expects significant increases in US wholesale electricity prices this summer

Green Car Congress

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

Price 476
article thumbnail

Navigant forecasts transportation demand for hydrogen to accelerate Power-to-Gas growth

Green Car Congress

Navigant Research forecasts that the transportation segment, with hydrogen demand as a catalyst, will jump-start power-to-gas (P2G) demand and further drive down electrolyzer and other infrastructure costs. Navigant notes that P2G offers benefits to the electric grid through the integration of renewable energy sources.

Hydrogen 170
article thumbnail

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

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF sees $1.3

Wind 220
article thumbnail

CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

Green Car Congress

In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.

Wind 286
article thumbnail

CEC determines Diablo Canyon needed to support grid reliability

Green Car Congress

The California Energy Commission (CEC) approved a staff analysis recommending the state pursue extending operation of Diablo Canyon Power Plant (DCPP) through 2030 to ensure electricity reliability. Located in San Luis Obispo County, DCPP is owned and operated by Pacific Gas and Electric Company (PG&E).

Grid 199
article thumbnail

Navigating the Cost Gap on Tesla and Other EVs for Collision Repairs

Clean Fleet Report

Electric Car High Repair Costs Surprise Some Owners It’s well known that today it costs more to repair an electric vehicle than a gas-powered car or truck. [Ed. New materials present challenges EVs are more technology-heavy than gas-powered cars.

Tesla 75