Remove Cheap Remove Coal Remove Market Remove Price
article thumbnail

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
article thumbnail

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

Green Car Congress

BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

Wind 220
article thumbnail

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

Green Car Congress

This is equivalent to gas priced at $6-12/MMBtu, making it competitive with current natural gas prices in Brazil, China, India, Germany and Scandinavia on an energy-equivalent basis. Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity generated by cheap wind or solar power.

Hydrogen 221
article thumbnail

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.

Hydrogen 221
article thumbnail

Underground Coal Gasification Company In Partnership to Test Alkaline Fuel Cells for Power Generation

Green Car Congress

Australia-based underground coal gasification (UCG) company Linc Energy ( earlier post ) has signed an exclusive agreement with the UK-based alkaline fuel cell technology company AFC Energy Plc and its related company, B9 Coal ( earlier post ). Linc Energy will have the option to extend the exclusivity period in perpetuity.

Coal 199
article thumbnail

How fusion will make all the things electric

Spark Powered

One of the biggest complaints about electric cars is that they supposedly require the increased consumption of coal and other fossil fuels to power them. Once fusion is truly established and on the grid the price of electricity will plummet, then it will all be about batteries. This kills that silly argument once and for all.

Fusion 52
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. millimoles per gram at 1 bar), fast adsorption time (less than 1 minute), low price, and extraordinary stability to cycling by flue gas.

Low Cost 243