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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. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

Wind 220
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. Green steel will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. tonnes of CO₂.

Finland 437
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Pike Research survey finds erosion in US consumer support for clean energy since 2009; solar energy tops favorables, followed by wind, hybrid vehicles and EVs

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Percentage of consumers having extremely or very favorable views of 13 clean energy technologies, 2009-2011. Topping the favorables were solar power (77% in 2011, down from 81% in 2009); wind energy (71% in 2011, down from 79% in 2009); and hybrid vehicles (61% in 2011, down from 70% in 2009). Data: Pike Research.

2009 231
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Why Do Japanese Automakers Like Hydrogen Power?

The Truth About Cars

But why bother at all when so many other manufacturers have deemed hydrogen too volatile to be safely utilized for combustion and too expensive to rationalize as a substitute for the large battery packs going into all-electric vehicles? But the 2011 Fukushima nuclear disaster has the country rethinking its reliance on atomic energy.

Hydrogen 110
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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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In this year’s KPMG energy survey, which polled 550 financial executives from global energy companies in April 2011, 32% think 2011 US crude oil prices will peak between $121 and $130 per barrel. Previously, the executives have pointed to wind and solar as the main investment choices, but this year we have seen a shift.

Oil 225
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NIST Awards $123M in 12 Recovery Act Grants for New Research Facilities; Univ. of Ky CAER to Expand Capacitor and Battery Manufacturing Research with its $11.8M Award

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With ultimate research targets ranging from off-shore wind power and coral reef ecology to electrochemical energy storage, quantum physics and nanotechnology, the 12 projects will launch more than $250 million in new laboratory construction projects beginning early this year. The CAER project is expected to be completed in summer 2011.

Grant 225
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Univ of Toronto study details impacts of interaction between driving patterns and electricity generation for WTW energy use and GHG emissions for PHEVs

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coal, hydro, natural gas) on well-to-wheel (WTW) energy use and greenhouse gas (GHG) emissions of plug-in hybrid electric vehicles (PHEVs). 100% coal (pulverized coal boiler). For their study, as in their previous work, they used an 8 kWh intermediate battery capacity. 100% natural gas (combined cycle).

PHEV 210