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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses.

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MITEI study finds hydrogen-generated electricity is a cost-competitive candidate for backing up wind and solar

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A team at MITEI (MIT Energy Initiative) has found that hydrogen-generated electricity can be a cost-competitive option for backing up wind and solar. Currently, plants burning fossil fuels, primarily natural gas, fill in the gaps as peaker plants—a tendency that is likely to grow pari passu with VREs.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. What’s more, for the first time, wind power, which grew by 18%, surpassed gas, which only accounted for 17% of Europe’s electricity. compared to 2022.

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Wärtsilä gas engines to burn 100% hydrogen

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The technology group Wärtsilä is developing the combustion process in its gas engines to enable them to burn 100% hydrogen fuel. Wärtsilä has researched hydrogen as a fuel for 20 years, and has tested its engines with blends of up to 60% hydrogen and 40% natural gas. Hydrogen as part of the renewable electricity system of the future.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways. This study uses recent data on industrial-scale battery production and considers regional battery supply chains.

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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

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