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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. Coal emerges as the biggest loser in the long run. BNEF sees $1.3

Wind 220
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. Source: BloombergNEF.

Hydrogen 221
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind or solar power. However, cost efficient large-scale options do exist and could be used to supply industrial customers with the clean gas. Abatement cost with hydrogen at $1/kg (7.4/MMBtu). —Kobad Bhavnagri. ,”.

Hydrogen 221
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UK power crisis – entirely the fault of regulators and ministers

EV Info

What we have not done so well is to ensure that we have a solid base level of generation to supply electricity when there is no sun and no wind. We have closed most of the coal plants and several the aging nuclear plants are moving offline as they close for repair of reach end of life. Nuclear 15%. Biomass 5%. See [link]. No Storage.

Power 98
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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

Green Car Congress

As an alternative, electricity demand can be partially managed by modulating the charging rate of PEVs—for example, following variations in wind supply. At these times other load is likely to be low, and coal plants would likely need to be cycled, adding costs and emissions that could be saved with smart charging of PEVs.

Wind 286
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Major changes in liquids supply in the New Policies Scenario, 2010-2035. By contrast, subsidies for fossil fuels amounted to $409 billion in 2010.

Oil 247