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

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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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. Get started here. –

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Battery startup Sparkz, United Mine Workers of America announce labor-management agreement for W Va Gigafactory

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Sparkz announced in March it will begin construction in 2022 of a Gigafactory in West Virginia to commercialize their zero-cobalt battery which will initially employ 350 workers and could grow to as many as 3,000. This agreement is a win-win for the laid-off coal miners who will work in this facility, their families and their communities.

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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. 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.

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Stanford study quantifies energetic costs of grid-scale energy storage over time; current batteries the worst performers; the need to improve cycle life by 3-10x

Green Car Congress

Benson from Stanford University and Stanford’s Global Climate and Energy Project (GCEP) has quantified the energetic costs of 7 different grid-scale energy storage technologies over time. Reducing financial cost is not sufficient for creating a scalable energy storage infrastructure.

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India’s Own Battery Manufacturing Plant

Electric Vehicles India

India’s Own Battery Manufacturing Plant. The Batteries are the most important part of an electric vehicle. India’s import of Lithium-ion batteries has increased four-time when compared to the last financial year. Almost 715 Million units of Lithium-ion battery units were imported from china and japan.

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Huge Tesla Megapack project breaks ground in Queensland

Teslarati

Another Tesla Megapack project in Australia has broken ground, set to replace a former coal plant as part of a sustainable energy hub in Queensland. The project will be funded by the Queensland Renewable Energy and Hydrogen Jobs Fund, costing around $330 million.

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