Remove 2020 Remove Cost Of Remove Technology Remove Wind
article thumbnail

IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

Green Car Congress

The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

article thumbnail

Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

Green Car Congress

The global transportation of ammonia by pipeline and bulk carrier is already a well-developed technology. This, they suggest in a paper in Joule , will emerge via three overlapping technology generations: Generation 1 is based on an expansion of current-day Haber-Bosch ammonia production using CO 2 sequestration or offsets.

Renewable 419
article thumbnail

IDTechEx: EV market doubles down on permanent magnets despite material costs

Green Car Congress

The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly.

Market 259
article thumbnail

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

Green Car Congress

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. in 2020, it could rebound quickly to previous levels as soon as 2021, depending on the persistence and longevity of the pandemic. Low-carbon gas.

Gas 243
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.

Russia 458
article thumbnail

McMaster switched reluctance motor spinout Enedym closes $15M funding round

Green Car Congress

The new investment will be used to accelerate Enedym’s patented motor development technology and increase its footprint within the electric motor market. The Enedym team has developed a disruptive way to design electric motors at a fraction of the time and cost of existing methods. TRIO Capital Group Inc., Earlier post.).

Motor 321
article thumbnail

Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

Green Car Congress

Traditional methods of producing hydrogen without greenhouse gas emissions (green hydrogen) include electrolysis powered by renewable sources such as wind, solar, or hydro. billion in 2020. According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg

Hydrogen 482