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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets. Solar is cheapest and falling The significant drop in solar power costs, by 23% in 2023, signals the end of supply chain disruptions and inflationary pressures.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. Batteries will increasingly be chosen to manage this dynamic supply and demand mix.

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S. Korean researchers develop new catalytic pathway for direct conversion of CO2 to liquid hydrocarbon fuels

Green Car Congress

A team led by Professor Jae Sung Lee at Ulsan National Institute of Science and Technology (UNIST), with colleagues at Pohang University of Science and Technology (POSTECH), have developed a new pathway for the direct conversion of CO 2 to liquid transportation fuels by reaction with renewable hydrogen produced by solar water splitting.

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Naysayer Alert – the hydrogen red herring

My Electric Car

Hence its supply would not be cheap, renewable nor sustainable in the long term. The mandating of any system such as this would only be about looking after the interests of ‘middlemen’: oil and gas invested companies who would invariably transition into this market as both supply and/or demand for oil recede. .

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2020 Top 10 Countries in the Global EV Revolution

EV Sales

In 2020 Tesla sold exactly 1000 of these for every solar-year day. In October, our relatives in Israel bought this amazing Hyundai Ioniq BEV, designed and built in Korea. This paid back in spades, with EV share flying from 700k EVs globally in 2020, supplying over one-third of global demand outside of China.

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