Remove Building Remove Cost Of Remove Economy Remove Gas-Electric
article thumbnail

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.

Cost Of 210
article thumbnail

Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

Green Car Congress

The process generates H 2 from natural gas or coal through steam reforming and combines it with N 2 , which has been separated from air by a cryogenic process, to form NH 3. C and pressures above 200 bar to be facile, and therefore the capital cost of plant and equipment is substantial. Generation 2. Credit: Joule , MacFarlane et al.

Renewable 419
article thumbnail

BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

Green Car Congress

In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.

Cost Of 255
article thumbnail

Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

Green Car Congress

in conjunction with the Government of Canada and the Province of Alberta, announced a multi-billion dollar plan to build a landmark new net-zero blue hydrogen energy complex. The new facility will capture more than 95% of CO 2 produced by generating hydrogen from the feedstock natural gas and store it safely back underground (i.e.,

Hydrogen 450
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.

Russia 458
article thumbnail

DOE awarding $71M to 20 RD&D projects to cut GHG emissions, expand EV infrastructure; $5M to Achates for opposed-piston 2-stroke hybrid

Green Car Congress

Projects will work to lower emissions by leading the expansion of EV charging stations to facilitate the transition from fossil fuel-powered vehicles to electric vehicles. Fiscal Year 2021 Low Greenhouse Gas (GHG) Vehicle Technologies RD&D DE-FOA-0002475. EV Market Stimulation in Divested Economies. Project Description.

Emissions 304
article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273