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BMW Group plants stepping up activities in balancing-power market to contribute to grid stability

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Electricity generation from variable renewable electricity sources (VRE) such as wind and solar power has grown rapidly and is expected to continue to do so. Electricity balancing serves as a versatile energy reserve that can be used to even out fluctuations in the grid. The German Balancing Paradox.

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

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The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles. Source: IRENA.

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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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Range in recent levelized cost of energy for selected commercially available RE technologies in comparison to recent non-renewable energy costs. 77% is up from just under 13% of the total primary energy supply of around 490 Exajoules in 2008. Wind energy, including on- and offshore systems. Source: SRREN. Click to enlarge.

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Raser Technologies and Hyundai Heavy Industries To Collaborate on Development of Renewable Energy and Extended Range Electric Vehicles

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The extended range electric vehicle drive system by Raser Technologies and its development partner FEV is targeted at providing up to 40 miles all-electric range for SUVs and light trucks. SIDI turbocharged engine provides electrical power. Preliminary road testing of the HUMMER EREV showed 50 miles all-electric range.

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Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

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However, although the state has made considerable progress decoupling economic growth from greenhouse gas (GHG) emissions, the rate of emissions decline appears to be slowing, due in part to a spike in transportation emissions attributed to an increase from light-duty vehicles. Noel Perry, businessman and founder of Next 10. Transportation.

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Research Suggests Renewables Could Generate 40% of Global Power by 2050

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Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “Climate Change: Global Risks, Challenges & Decisions”. Czech utility CEZ Group increased biomass electricity production to 327 gigawatts per hour (GWh) last year, up 33%.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Gas production globally grew by 3.1%; the US recorded 7.7% The EU’s decline in gas production was the highest on record (-11.4%).

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