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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. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix. Get started here. –

Asia 52
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GE and Shenhua open coal gasification joint venture in China

Green Car Congress

a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. GBI report: Asia-Pacific to be the leading coal-producing region. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand.

Coal 199
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HummingbirdEV tech powers Keshi Group electric mining vehicles in China – Charged EVs

Baua Electric

US-based vehicle electrification system supplier HummingbirdEV has provided 393 electric mining vehicles powered by its EV technologies under a licensing agreement with Keshi Group, a China-based manufacturer of coal mining vehicles and equipment. They are now in operation in Chinese mines.

China 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants.

Auto 52
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. Retrofit or close any remaining coal-fired capacity by 2050.

Hydrogen 221
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IBM Research launches 10y project to support China in transforming national energy systems; “Green Horizon”

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Dubbed “Green Horizon”, the initiative sets out to surpass current global practices in three areas critical to China’s sustainable growth: air quality management; renewable energy forecasting; and energy optimization for industry. Renewable energy forecasting. Sample user interface from IBM''s Hyref energy forecasting system.

China 275
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants. CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics.

Auto 52