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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.

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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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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

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

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If residents use these systems to reduce their electricity bills, the batteries would draw energy from the grid when it is cheapest. And because utilities don’t structure how much they charge with the goal of lowering emissions, the cheapest power more often comes from power sources that emit carbon, such as coal. 8b03834.

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

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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). Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050.

Wind 207
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3 Oil Majors That Bet Big On Renewables

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Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. ENI also says that its renewable projects will achieve an installed capacity of 3 GW in 2023 and 5 GW in 2025. Further, natural gas can be used to keep the power grid stable as solar and wind power fluctuate.

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CMU study finds controlled EV charging can reduce generation cost, but at greater health and environmental costs depending upon the generation mix

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Results from the study also suggest that with sufficient coal plant retirement and sufficient wind power, controlled charging could result in positive net benefits instead of negative. A paper describing the work is published in the ACS journal Environmental Science & Technology. other parts of the US and the world could be different.

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Australia Goes All-in on Green Hydrogen

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And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. The 124-megawatt solar plant adjacent to Korea Zinc’s Townsville refinery, completed in 2018, cut a quarter of the coal-heavy grid power it had been using to run its power-intensive electrolytic process. Why a hydrogen truck?

Australia 145