Remove Carbon Remove Coal Remove Cost Of Remove Supplies
article thumbnail

DOE to award $30M to support production of rare earths and other critical minerals from coal-based resources

Green Car Congress

The US Department of Energy (DOE) announced up to $30 million to help lower the costs of the onshore production of rare earths and other critical minerals and materials from domestic coal-based resources. ( However, rare earth elements occur naturally, including in domestic coal and coal wastes.

Coal 150
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. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

Green Car Congress

Electra has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. Electra’s process emits zero carbon dioxide emissions and carries zero green premium, meaning it will cost the same or less than existing production methods powered by fossil fuels.

Coal 360
article thumbnail

DOE to award up to $19M to advance waste carbon utilization for algal biofuels and bioproducts

Green Car Congress

Capturing this waste carbon then allows for algae to be cultivated into a variety of biofuels and bioproducts. The deployment of algal technologies in these projects will help lower algal system cost, while decreasing GHG emissions. ethanol production), biogas purification (e.g., power, cement, or other industrial sources).

Waste 186
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). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

Hydrogen 221
article thumbnail

Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

Once there is sufficient renewable output, battery storage and thermal balancing power plant capacity in the system, retire legacy inflexible plants, such as coal. This provides economic long-term energy storage, ensuring security of supply even during extreme weather conditions.

Renewable 399
article thumbnail

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. billion tonnes. billion tonnes.

Emissions 370