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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. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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Tesla Megapack Factory in China to start construction 

Teslarati

On April 22nd, the Chinese media issued a news release, saying that the Tesla Shanghai The Megapack factory is scheduled to start construction in May. Recently, Neoen announced that Tesla Megapacks would help the Collie Battery expand to become Australia’s biggest battery yet at 560 MW/2,240 kWh.

China 141
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

Auto 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. Grid-connected battery farms back up renewables when the sun is not shining or the wind is not blowing and are considered important to help integrate clean energy into power grids.

Auto 52
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Renewable-methanol fueled Geely cars in fleet testing in Iceland; 70% reduction in WTW CO2 compared to gasoline

Green Car Congress

million investment in 2015) in Carbon Recycling International ( CRI ), an Icelandic company which produces renewable methanol using recycled CO 2 emissions sourced from a local thermal power plant and hydrogen made by splitting water with electrolysis (Power-to-Methanol). Currently, China produces most of its methanol from coal.

Iceland 170
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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

Green Car Congress

Consumption-based power mixes and NG transmission distances by Chinese province in 2010. In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. Credit: ACS, Huo et al. Click to enlarge.

Coal 231
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US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

This will include common design standards for plugs to be used in electric vehicles, as well as common test protocols for batteries and other devices. The roadmap will be made widely available to assist not just US and Chinese developers, but also the global automotive industry. billion to support battery manufacturing.

China 281