Remove 2018 Remove Carbon Remove Solar Remove Wind
article thumbnail

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

Green Car Congress

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. NEO 2018 sees $11.5 NEO 2018 sees $11.5

Wind 220
article thumbnail

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). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

Wind 207
article thumbnail

SMUD Board of Directors adopts climate emergency declaration; carbon neutrality by 2030

Green Car Congress

The SMUD (2020 Sacramento Municipal Utility District) Board of Directors adopted a climate emergency declaration that commits to working toward an ambitious goal of delivering carbon-neutral electricity by 2030. Furthermore, SMUD has reduced the carbon intensity of its power mix, which is now 50% carbon-free on average.

Carbon 268
article thumbnail

Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

Green Car Congress

Source: California Energy Commission The latest data from the California Energy Commission (CEC) shows that in 2021 more than 37% of the state’s electricity came from Renewables Portfolio Standard (RPS)-eligible sources such as solar and wind, an increase of 2.7% Senate Bill 100 (2018) accelerates the RPS goal to 60% by 2030.

article thumbnail

Volvo Cars? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

Green Car Congress

It is the latest concrete step towards Volvo Cars’ ambition to have climate-neutral manufacturing by 2025, part of a wider climate plan that aims to reduce the overall carbon footprint per car by 40% between 2018 and 2025. By 2040, Volvo Cars aims to be a climate-neutral company. Hydropower station dam in Chengdu.

Volvo 389
article thumbnail

Compact pilot plant for solar to liquid fuels production

Green Car Congress

Partners from Germany and Finland in the SOLETAIR project are building a compact pilot plant for the production of gasoline, diesel and kerosene from solar energy, regenerative hydrogen and carbon dioxide. A direct air capture unit developed by the Technical Research Center of Finland (VTT) extracts carbon dioxide from air.

Solar 322
article thumbnail

IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

Green Car Congress

Solar and wind generation grew at double-digit pace, with solar alone increasing by 31%. to 33 Gigatonnes (Gt) in 2018. These findings are part of the International Energy Agency’s latest assessment of global energy consumption and energy-related CO 2 emissions for 2018. Energy intensity improved by 1.3%

2018 207