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

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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.

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

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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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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

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UPS plans to build 9 additional LNG stations at cost of ~$50M

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UPS plans to invest approximately $50 million to build an additional nine liquefied natural gas (LNG) fueling stations, bringing the total number of stations to 13. Building these fueling stations is a solid future investment for UPS. UPS recently began a pilot program testing propane vehicles in Gainesville, Ga.,

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Study finds air pollution and GHG costs of crude-by-rail nearly 2x pipeline costs; much larger than spill and accidents costs

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Researchers from Carnegie Mellon University and the University of Pittsburgh have found that the air pollution and greenhouse gas costs of shipping crude by rail are nearly twice as large as those for oil pipelines. Air pollution and greenhouse gas damages for transportation by railroad and pipelines to the gulf coast.

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ARPA-E awarding $33M to 10 projects for natural gas pipeline retrofitting: REPAIR

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REPAIR teams will develop natural gas transmission pipeline retrofitting technology to rehabilitate existing cast iron and bare steel pipes by creating new, robust pipes inside of old ones. Natural gas is a crucial energy source for 75 million American households and businesses. —ARPA-E Director Lane Genatowski.

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Wärtsilä launches 31SG pure gas engine for marine applications; suited for hybrid systems

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Wärtsilä has launched the 31SG pure gas engine for marine market applications. The Wärtsilä 31SG engine further reduces the total cost of ownership and the environmental footprint for vessels operating in regions where there is a developed gas infrastructure. MW, at 720 and 750 rpm.

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