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

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. The production is planned to start by end of 2026.

Finland 437
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

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The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles.

Tax 274
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DOE reports progress on development of low-carbon and renewable sources of hydrogen production

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The US Department of Energy (DOE) Fuel Cell Technologies Office’ (FCTO) 2014 Hydrogen and Fuel Cells Program Annual Progress Report ( earlier post )—an annual summary of results from projects funded by DOE’s Hydrogen and Fuel Cells Program—described progress in the field of hydrogen production. Source: DOE. Click to enlarge.

Hydrogen 225
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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. World production of non-petroleum liquids, which in 2010 totaled only 1.6

2010 317
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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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Wind and solar have been exhibiting very rapid growth, even as subsidies and support have in general become less generous, and that has been driven mainly by dramatic improvements to their cost-competitiveness, as well as by the removal of barriers such as grid bottlenecks. Oil at $60/barrel could mean a natural gas price as much as $0.90/MMBtu