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Nacero awards 20-year wind power purchase agreement to NextEra for natural gas-to-gasoline plant in Texas

Green Car Congress

Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas.

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Thanks to wind and solar, Texas has kept the power on and the costs down

Electrek

Wind, solar, and nuclear generated up to 55% of total power in Texas in the record-breaking end-of-June heat – keeping the natural gas share below 50%. more… The post Thanks to wind and solar, Texas has kept the power on and the costs down appeared first on Electrek.

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

Green Car Congress

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. As we move to more and more renewable penetration, this intermittency will make a greater impact on the electric power system. —Emre Gençer, co-author.

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New wind and solar power costs less than keeping old coal running

Green Car Reports

For most of their history, the knock on renewable wind and solar power is that they cost more than fossil fuels. But that's what's happening with renewable energy now, according to a new report published by Energy Innovation.

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

Green Car Congress

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). Global power generation mix. Wind and solar grow from 7% of generation today to 48% by 2050.

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Wind and solar cost less than coal for power

Green Car Reports

Lazard reports that new wind farms in the U.S. can produce power for $29 to $56 per megawatt-hour, compared to $27 to $45 for existing coal-fired powerplants, according to a report last week in the British Financial Times.

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IRENA sees renewable hydrogen at least cost-possible within decade

Green Car Congress

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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