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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. NEO 2018 sees $11.5 NEO 2018 sees $11.5

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BP selects Tesla batteries for pilot storage project at US wind farm

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BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in South Dakota. Situated on 7,500 acres in Hand County, Titan 1 Wind Farm is wholly owned and operated by BP Wind Energy.

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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.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

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Australia’s Jemena to supply green hydrogen to Hyundai from 2021; Green Gas project

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Jemena’s Managing Director, Frank Tudor, said the deal will make hydrogen gas generated from solar and wind power available to the vehicle industry. The Western Sydney Green Gas Project will convert solar and wind power into hydrogen gas via electrolysis using a 500 kW electrolyzer constructed in Western Sydney. —Frank Tudor.

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CESifo: EVs not the best option for reduction in on-road CO2 in Germany given power mix

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Electricity production in Germany, 2018. Over the long term, hydrogen-methane technology offers a further advantage: it allows surplus wind and solar power generated during peaks to be stored, and these surpluses will see a sharp increase as the share of this renewable energy grows. —Professor Buchal.

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thyssenkrupp’s water electrolysis technology qualified as primary control reserve in Germany; hydrogen production for the electricity market

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Water electrolysis produces green hydrogen that can be stored for hours, days or months, converted back into electricity or used as a clean, CO 2 -free starting material in the mobility sector or for the production of sustainable chemicals. In 2018 methanol was produced from steel mill gases for the first time.

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