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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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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5

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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

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ICL team assesses relative costs of carbon mitigation for 12 H2 production paths; trade-off between cost and level of decarbonization

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A team at Imperial College London has examined the relative costs of carbon mitigation from a lifecycle perspective for 12 different hydrogen production techniques using fossil fuels, nuclear energy and renewable sources. Proportional reduction in emissions against percentage cost increase relative to SMR.

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

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on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG) to reduce emissions. For its part, Chevron will provide funding for Adopt-a-Port and supply RNG to Clean Energy stations near the ports.

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Oleo-X launches merchant pretreatment facility for renewable diesel and sustainable aviation fuel feedstocks

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Oleo-X, a producer of premium renewable fuel feedstocks, launched its renewable diesel (RD) and sustainable aviation fuel (SAF) feedstock merchant pretreatment facility. The purity of the feed reduces the revamp cost of converting existing conventional refining units to process renewable feedstock, while also lowering carbon intensity.

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