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

Green Car Congress

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. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

Green Car Congress

However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. While there are many effective solutions for daily energy storage, the most common being batteries, a cost-effective long-term solution is still lacking. Dabek, P.B., Brandão, R.,

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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The total demand for batteries from the stationary storage and electric transport sectors is forecast to be 4,584GWh combined by 2040, providing a major opportunity for battery makers and miners of component metals such as lithium, cobalt and nickel. Global cumulative energy storage installations.

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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. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

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

Green Car Congress

The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). MMBtu) in 2050. MMBtu) in 2050.

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11 Intriguing Engineering Milestones to Look for in 2023

Cars That Think

The hope is, these floating leviathans will collaborate with satellites to detect hypersonic missiles, like those being developed by Russia and China. It’s about one-twentieth the size of the minibus-scale geostationary satellites already in orbit, allowing for cheap and quick deployment.

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From Scooters to High Speed Rail, China is Electrifying

Plugs and Cars

China is electrifying. When I was studying China and Mandarin Chinese 35 years ago, “Red” China was unrecognized by the US, literally, and dark in a way difficult to imagine now. Just as today we can look at a nighttime satellite image and see the black void that is recalcitrant, unelectrified North Korea, once that was China.

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