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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas. In September 2019, Hyundai and Cummins Inc. Hyundai fuel cell bus.

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.

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Mercedes-Benz will offer electric drive on all commercial van lines; electric eVito now available to order, eSprinter in 2019

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Further model ranges will follow, starting in 2019. The eVito will be followed in 2019 by the eSprinter. If fleet electrification is to compete on equal terms with the classic internal combustion engine, it will need more than the right economic parameters such as the cost of purchasing and operation.

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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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Over the Fiscal Years 2017-2019, DOE has invested more than $1.2 Over the Fiscal Years 2017-2019, DOE has invested more than $1.2 To accomplish these goals, the Manufacturing and Supply Chain Track will pursue five types of activities, in coordination with industry and other ESGC tracks.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

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Lithium brine operations typically have a much lower cost of production than hard-rock lithium deposits. The cash operating cost of approximately US$3,500/t positions the Company as being one of the lowest cost lithium producers globally.

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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

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Investments outside production are mainly planned for the areas of development, quality assurance, sales, genuine parts supply and information technology. billion (US$27 billion) in new production facilities and products in the period from 2015 to 2019. These investments will be financed from the joint ventures’ own funds.

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