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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. While there are many effective solutions for daily energy storage, the most common being batteries, a cost-effective long-term solution is still lacking.

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

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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. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 Coal emerges as the biggest loser in the long run.

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

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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).

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Lux Research: cost of electrofuels remains far from viable

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Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Source: Lux Research.

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Study suggests widespread use of EVs may negatively impact land use

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1 km 2 (depending on adoption rate and the fuel price to electricity price ratio) and an equally-large North-American city to increase by about 1?4 Europe and the US potentially would have to devote up to 5,000–6,000 km 2 of land to photovoltaic panels or 56,000–70,000 km 2 to wind turbines. —Orsi (2021). 2020.102680.

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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. The driving force behind this trend is the substantial reduction in capital costs for renewable energy projects.

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UK power crisis – entirely the fault of regulators and ministers

EV Info

Additional fees and charges added to electricity prices. Implementing a price cap for retailers. The UK has been a leader in deploying on and offshore wind turbines. 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. Nuclear 15%.

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