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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.

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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

Even as it considers launching Australia’s cheapest battery electric vehicle, Mitsubishi Australia is warning a slow roll-out of renewable energy will impact the uptake of EVs in Australia. Where is Australia for renewable energy power stations?” he asked. “We READ MORE: Confirmed! 2024 Mitsubishi Triton.

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DOE to Award Up to $5M in Grants for RD on Hydrogen Production from Coal

Green Car Congress

The US Department of Energy has issued up to a $5-million Funding Opportunity Announcement (DE-FOA-0000103) to solicit laboratory-level R&D projects to develop novel technologies for producing hydrogen from coal. Electricity and hydrogen together represent one of the most promising ways to achieve these objectives. —DE-FOA-0000103.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. By 2040, natural gas is expected to account for more than a quarter of global energy use, surpassing coal in the overall mix.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. Source: IEA/NEA. Click to enlarge. Top: LCOE ranges for baseload technologies at three different discount rates.

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We Need More Than Just Electric Vehicles

Cars That Think

With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. Indeed, adopting electric vehicles will go a long way in helping to improve environmental outcomes. Here we’ll show you in greater detail why that is.