article thumbnail

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. Source: BloombergNEF.

Hydrogen 221
article thumbnail

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

Green Car Congress

The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
article thumbnail

Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

Green Car Congress

Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. —Zach Broussard, Director of Gold H2 at Cemvita. billion in 2020. It is growing at a CAGR of 54.7% billion by 2028.

Hydrogen 482
article thumbnail

IIASA study proposes solid air hydrogen liquefaction as efficient addition to hydrogen liquefaction supply chain

Green Car Congress

The oxygen could be used to increase the efficiency of power generation with oxy-combustion and to facilitate the capture, use, and storage of carbon (CCUS). The possibility of selling hydrogen could result in a further expansion of solar and wind power in developing countries, contributing to their economies. Montanari, P.,

Hydrogen 273
article thumbnail

IPG to demo Flameless Ceramic Turbine for clean, off-grid power in EV charging

Green Car Congress

IPG’s project will demonstrate the role of Flameless Ceramic Turbine technology in bringing EV charging to high-use and remote locations through clean, cheap, grid-independent power generation. Grid access and capacity issues, as well as the infeasibility of on-site solar and wind, is a barrier for EV charging in many locations.

Grid 435
article thumbnail

Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

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. Wind power isn’t far behind While solar is surging ahead in terms of cost-effectiveness, onshore wind isn’t far behind despite costs being 38% more than solar in 2023.

Asia 52
article thumbnail

Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

Natural gas generation made up much of the gap last year, as it has consistently in recent years, due to extremely cheap gas prices. Renewables played an important role as well thanks in part to continued cost declines in both wind and solar generation. States have some ability to drive this in absence of federal policy action.

Coal 370