Remove 2018 Remove Coal Remove Gas-Electric Remove Installation
article thumbnail

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
article thumbnail

ArcelorMittal Europe to produce “green steel” starting in 2020

Green Car Congress

The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: The use of hydrogen in DRI-EAF (Direct Reduced Iron - Electric Arc Furnace) and, also, the blast furnace. The expansion of its Smart Carbon route, also utilizing hydrogen.

Europe 382
article thumbnail

Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

Green Car Congress

Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

Coal 150
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects.

Oil 418
article thumbnail

UCSD study: under current policies, home energy storage would often increase carbon emissions

Green Car Congress

Conventional wisdom may suggest that these storage systems—essentially household batteries such as the Tesla Powerwall—could be instrumental in weaning ourselves off greenhouse gas-emitting energy sources. Would greenhouse gas emissions from the electric power system go down, and at what economic cost? 8b03834.

article thumbnail

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

Green Car Congress

Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050. NEO starts by analyzing technology trends and fuel prices to build a least cost view of the changing electricity sector. Asia’s electricity demand will more than double to 2050. This will attract $13.3

Wind 207
article thumbnail

Australia Goes All-in on Green Hydrogen

Cars That Think

They’ve been studying up on renewable energy, hydrogen power, and electric vehicles, preparing for the big day in April when their remote-controlled vehicles will rumble for 4 hours in Gladstone, a port city in Queensland. The task: make the most of a 30-watt fuel cell and 14 grams of hydrogen gas. Why a hydrogen truck?

Australia 145