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DOE to fund research to reduce costs of high-voltage direct current (HVDC) transmission

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The US Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Office of Electricity (OE) plan to fund (DE-FOA-0003241) research to drive innovation and reduce costs of high-voltage direct current (HVDC) voltage source converter (VSC) transmission systems.

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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. The latter cost at $74 and $81 per MWh, respectively.

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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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California Energy Commission adopts offshore wind goals: 5GW by 2030, 25 GW by 2045

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The California Energy Commission (CEC) adopted a report establishing offshore wind goals and moving the state one step closer to development of the clean energy resource off California’s coast. Additional transmission infrastructure will be needed to deliver offshore wind energy from this region to the grid.

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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it possible.

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Shearwater Energy developing SMR wind-hybrid energy project; selects NuScale Power

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a United Kingdom-based hybrid clean energy company, is developing a wind-SMR (Small Modular Reactor) and hydrogen production hybrid energy project in North Wales. The UK recently announced plans to expand offshore wind capacity rapidly by 2030 and invest in SMR development to meet net-zero carbon emissions goals by 2050.

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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. California draws more than 20% of its electricity from solar and approximately 7% from wind, with more VRE coming online rapidly. Much of this information was publicly available.

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