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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. More recently, labor costs started to rise.

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Blue World Technologies starting production of methanol fuel cells

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Methanol fuel cell developer and manufacturer Blue World Technologies ( earlier post ) is starting limited production—the first step in commercializing its methanol fuel cell technology. The methanol fuel cell system is based on High-Temperature PEM technology and methanol to hydrogen reforming.

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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These countries accounted for one-third of global GDP in 2019. Such low renewable hydrogen costs could completely rewrite the energy map.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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Stanford study finds current carbon capture technology inefficient & increases air pollution

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Jacobson, professor of civil and environmental engineering at Stanford University, suggests that carbon capture technologies are inefficient and increase air pollution. Wind replacing fossil fuels always reduces air pollution and never has a capture equipment cost. In both plants, natural gas turbines power the equipment.

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California Energy Commission approves first local energy efficiency standards that go beyond 2019 statewide requirements

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The California Energy Commission (CEC) approved six applications for local energy ordinances that exceed statewide requirements of the 2019 Building Energy Efficiency Standards. New nonresidential construction must be all-electric and install solar generation. The 2019 standards take effect 1 January 2020.

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UPS collaborating with Workhorse to deploy 50 electric trucks; rivaling acquisition cost of conventional; no subsidies

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UPS plans to deploy 50 plug-in electric delivery trucks that will be comparable in acquisition cost to conventional-fueled trucks without any subsidies—an industry first that would breaki a key barrier to large scale adoption of electric fleets. Modec fully electric vehicle with a cab forward design used in London.

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