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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.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33% from the first half of 2021. Wind project financing was up 16% from 1H 2021, at $84 billion. billion raised, is the lowest quarterly total since 2Q 2020. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 243
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. The driving force behind this trend is the substantial reduction in capital costs for renewable energy projects.

Asia 52
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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
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Opinion: Reinventing fuel-based power for a more secure and resilient grid

Green Car Congress

It is, however, a challenge that is being made all the greater as we continue to decentralize power generation with more distributed, variable and inflexible sources, such as wind and solar. Increasingly, wind and solar are replacing fossil fuels as our principle source of energy.

Grid 332
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H2@Scale project launched in Texas; renewable hydrogen for multiple end-use applications

Green Car Congress

H2@Scale in Texas and Beyond intends to show that renewable hydrogen can be a cost-effective fuel for multiple end-use applications, including fuel cell electric vehicles, when coupled with large, baseload consumers that use hydrogen for clean, reliable stationary power. The project started on 1 July 2020 and will continue for three years.

Texas 468
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All renewable energy types to be cost-competitive by 2020: report

Green Car Reports

Renewable-energy generation costs are falling like photons onto a solar panel. By 2020, it's expected all types of renewable-energy generation will be able to compete with fossil fuels on cost. That's right: saving our environment will actually save electric utilities some money, too.

Renewable 104