Remove Cheap Remove Coal Remove Industry Remove Market
article thumbnail

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

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
article thumbnail

Researchers use chemical looping process to produce hydrogen from hydrogen sulfide gas

Green Car Congress

Hydrogen sulfide is emitted from manure piles and sewer pipes and is a key byproduct of industrial activities including refining oil and gas, producing paper and mining. The process uses relatively little energy and a relatively cheap material—iron sulfide with a trace amount of molybdenum as an additive.

Hydrogen 425
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. Coal emerges as the biggest loser in the long run.

Wind 220
article thumbnail

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

Green Car Congress

Hydrogen Economy Outlook , a new and independent global study from research firm BloombergNEF (BNEF), finds that clean hydrogen could be deployed in the decades to come to cut up to 34% of global greenhouse gas emissions from fossil fuels and industry at a manageable cost. The clean hydrogen industry is currently tiny and costs are high.

Hydrogen 221
article thumbnail

Researchers use melamine to create effective, low-cost carbon capture; potential tailpipe application

Green Car Congress

Using an inexpensive polymer called melamine, researchers from UC Berkeley, Texas A&M and Stanford have created a cheap, easy and energy-efficient way to capture carbon dioxide from smokestacks. This work creates a general industrialization method toward carbon dioxide capture via DCC atomic-level design strategies. —Mao et al.

Low Cost 243
article thumbnail

Perspective: Despite Solyndra’s death, the future of solar energy is sunny

Green Car Congress

I believe that the loss of industry players Solyndra, Evergreen, and SpectraWatt opens the market for more innovative solar companies to succeed with smarter tactics and mainstream products that fit into existing manufacturing models. Lower prices open markets that were previously barred economically.

Solar 246
article thumbnail

Mad Power thoughts

EV Info

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change. Gas is the only answer.

Power 52