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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. The battery storage sector is particularly sensitive to commodity price volatility.

Cost Of 210
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

This is equivalent to gas priced at $6-12/MMBtu, making it competitive with current natural gas prices in Brazil, China, India, Germany and Scandinavia on an energy-equivalent basis. However, cost efficient large-scale options do exist and could be used to supply industrial customers with the clean gas. MMBtu) in 2050.

Hydrogen 221
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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. What’s more, the next five years will see the fastest growth yet.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Industrial shipments of bulk chemicals, which benefit from an increased supply of natural gas liquids, grow by 3.4% Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants.

Oil 290
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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 for Energy provides ExxonMobil’s long-term view of global energy demand and supply. 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. Outlook for Energy.

Energy 252
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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

To increase domestic supply, Obama said: The Administration is encouraging offshore oil exploration and production—as long as it’s safe and responsible. All of this means one thing: the only way for America’s energy supply to be truly secure is by permanently reducing our dependence on oil.

Obama 268
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What is Electrification of Transportation?

Driivz

In Norway , which is the world leader in renewable energy use, 45% of electricity comes from hydropower, while Brazil in second place gets 32% of its total energy supply from biofuel and waste energy. But again, location matters. Other advantages of electrification of transportation.