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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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Czech government, ?EZ sign MOU on $2.4B, 40GWh gigafactory; ?EZ lithium mine project progressing

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Coal-fired power plants represented 37% of capacity and 36% of generation volume in 2020; their revenues are 16% of total. EZ goal for 2030 is to reduce CO 2 emissions by 30% compared to 2018 and reduce the emission intensity to at least 300 g/kWh by a combination of closure of selected coal plants and development of renewables. ?

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

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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.

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ArcelorMittal Europe to produce “green steel” starting in 2020

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By installing an electrolyzer, hydrogen can be produced and injected in large volumes into the blast furnace tuyeres. The project will reduce the volumes of coal needed in the iron ore reduction process, thereby cutting CO2 emissions. Customers will be able to buy green steel, based on verified emissions compared with a 2018 baseline.

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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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Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050. By 2030, the energy generated or stored and dispatched by these three technologies will undercut electricity generated by existing coal and gas plants almost everywhere. This will attract $13.3

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

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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. But this year saw a substantial increase in installations, with sales tripling from January to September of 2018. 8b03834.