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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

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. Coal emerges as the biggest loser in the long run. BNEF sees $1.3

Wind 220
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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). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

Hydrogen 221
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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

In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.

Wind 286
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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

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. This would be a major shift in the type of furnaces and fuels used to produce steel.

Hydrogen 221
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Why 2023 will be another great year for electric vehicles

My Energi

Despite doom and gloom stories about electric motoring dominating the national press for the first few weeks of the year, it is clear to anyone who looks at the data that 2023 will be a great year for electric vehicles in the UK. The SMMT forecasts that the next 1.1 By the end of 2022, more than 1.1

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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. New-build solar project costs are expected to fall by another 20% by 2030 due to lower module prices and an oversupply from China.

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UK power crisis – entirely the fault of regulators and ministers

EV Info

Slashing gas storage facilities. Additional fees and charges added to electricity prices. On a good or windy day these produce around 20% of the UK electricity needs. 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. Biomass 5%.

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