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

Green Car Congress

Wind and solar power generation will surge to almost 50% of world generation by 2050 (“50 by 50”), supported by precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply, according to the new annual Bloomberg NEF New Energy Outlook (NEO) 2018. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.

2018 192

Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. Coal-driven decline. It also marks the end of a decade in which total US coal generation was cut in half.

2020 311
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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

The magnitude of these savings is ~5% to 15% higher in a system with 20% wind penetration compared to a system with no wind power, and the savings are 50–60% higher in a system that requires capacity expansion. As one of the fastest growing electricity sources in the United States, wind can be expected to meet a large proportion of the renewable portfolio standards.

2014 233

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.

Coal 52

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).

2020 206

The Greenius Solution To All California’s Problems: AB 920 + AB 811

Creative Greenius

Assemblyman Huffman knows what a priority getting feed-in tariffs for solar and wind generation are in California. And all that available cheap solar electricity is what’s going to drive the sales explosion of electric and plug-in vehicles in California just as they’re becoming available over the next three years. Feed In tariffs for solar (and wind energy too) are there and waiting for us to grab them.

2009 174

CMU study finds controlled EV charging can reduce generation cost, but at greater health and environmental costs depending upon the generation mix

Green Car Congress

In a study focused on the PJM portion of the US electricity grid, researchers at Carnegie Mellon University (CMU) found that although charging electric vehicles at night (when electricity is cheap and wind power is typically more plentiful) could lower electricity costs, doing so also creates more air emissions, and that the health and environmental costs from these emissions outweigh the electricity cost savings.

2015 191

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

The continent was mostly powered by locally mined coal until the 1950s, when imports of cheap Middle Eastern oil started transforming the energy picture. The drop was steep enough to force Germany to produce more electricity from coal than from wind in 2021.

Lux Research: cost of electrofuels remains far from viable

Green Car Congress

Building a cost model for the electrolysis process—considering electricity from various routes, such as natural gas and coal as well as renewable electricity from biomass, solar, and wind, as well as generously assuming commercial scale production—Lux found that electrofuels produced from microbes cost $230 per barrel, while a catalytic conversion to make electrofuels produces fuels for $208 per barrel. Production costs per barrel of oil equivalent. Source: Lux Research.

2014 180

Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. Coal still supplies more power in the US than anything else, with natural gas next. However, building more coal and gas power plants to make miles for transport is counter-productive if the game plan is to reduce carbon output. by Henry Hewitt for Oilprice.com.

2015 288

U.N. Kills Any Plans to Use Mercury as a Rocket Propellant

Cars That Think

Mercury is otherwise found as a by-product of other processes, such as the burning of coal. And it’s cheap—there’s not a lot of competition with anyone looking to buy mercury. Three quarters of that mercury, the researchers suggested, would eventually wind up in the oceans.

Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

Green Car Congress

Cheap gas prices and a strong economy are creating increased goods movement and prompting Californians to drive more. The decade-long nationwide slide in emissions from power production reflects the electric power sector shifting away from coal and toward less carbon-intensive fuels. Wind generated 37% of the state’s renewable electricity, and for the first time, solar (27%) overtook geothermal (20%) as the second-largest source of renewable generation.

2017 150

From Scooters to High Speed Rail, China is Electrifying

Plugs and Cars

Plug-in cars from a half dozen Chinese automakers were on display along with charge stations in an attractive setting amidst a winding course for test drives. We really don’t need more cheap gas cars. Largely dependent on domestic coal, cities are smothered in smog. Factories, including a solar panel plant I know of, have had to curtail production because coal can’t be shipped fast enough to supply electricity generation plants. I’m sure I’m not the first to say it.

2011 122

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Auerbach adds that due to economies of scale and over capacity in the industry “ wind energy should have a 20% reduction in equipment costs within the next year ” and he has seen realistic projections of “ solar, with a 10% tax credit, being competitive with baseline generation in 2020 ”. In general, the sponsor’s goal is to use as much cheap debt financing and as little equity as possible to complete the deal. by Bill Cooke.

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. Are we going to burn more oil, natural gas, or (gasp) coal to produce it? So, the used batteries are almost arbitrarily cheap since an arbitrarily large fraction of their cost of production can be loaded on their use in transportation. Wind, solar and nuclear could easily change our electrical sources.

2009 41

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. But in trying to assemble a majority to pass it, Mr. Waxman and Mr. Markey dished out a cornucopia of concessions and exemptions to coal companies, utilities, refiners, heavy industry and agribusinesses.

2010 207

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Solar, Wind and Biofuels Grew 53 Percent in 2008 Green Education = Environmental Religion? Renewables That Even Coal-Based Utilities Can Love. Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit.

2009 28

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

As if that were not enough, I’m hearing now that BYD is on the verge of a breakthrough in the solar power business and that the company has big plans to make rechargeable batteries at a utility scale to store energy from intermittent, renewable sources like wind and solar. The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor.

BYD 28

Electric Car Makers: Oregon Wants You - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Furthermore, changing the battery pack on say a Toyota Prius often costs a fortune, at least in most European countries, so such cars better be VERY cheap, but they’re not. Wind, hydro, DC transmission lines, and smart grid electronics are also Portland strengths. Even if you charge your EV with electricity made from coal fired generators you reduce your car’s pollution by half.

Dodge Circuit EV First Drive: electric car makes grand promises on Earth Day

Tony Karrer Delicious EVdriven

I also think it will be cheap, which is why I think someone will buy the group. Sorry, but electrics and electric power plants are so efficient that CO2 emissions are less than gassers even when the electricity comes from coal - and a lot of electricity doesnt come from coal. In California, 20% of our electricity comes from zero CO2 renewables (sun, wind, geothermal), another 20% from zero CO2 hydro, and only 20.1% from coal.

Greentech Media | ECOtality CEO: Fast Charging and Why Battery Swapping Is Doomed

Tony Karrer Delicious EVdriven

Given the cost of oil and the economic, geopolitical and ecological effects of our continued reliance on petroleum, electric transportation will be cheap. Finally, on the issue of replacing millions of small smoke stacks (cars) with a few larger ones (utility plants): We stand a much better chance of producing cleaner electricity (solar, wind, clean coal solutions, nuclear) than we do of creating cleaner fuels for our cars.

2009 29

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

His people at MidAmerican have studied clean technologies like batteries and wind power for years because of the threat of climate change. They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap.

2009 51