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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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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 trillion to other zero-carbon technologies such as hydro and nuclear.

Wind 220
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3 Oil Majors That Bet Big On Renewables

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Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

Oil 418
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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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Ricardo, National Grid study explores market potential for grid-balancing services for plug-in vehicles

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The report, Bucks for balancing: can plug-in vehicles of the future extract cash—and carbon—from the power grid? , is based on a research collaboration between a team of engineers from Ricardo and National Grid, the operator of the high voltage electricity transmission system within Great Britain (GB). Click to enlarge.

Grid 247
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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Natural gas does not offer climate benefits compared to gasoline and diesel, and many biofuel pathways do not, either. Drivers of plug-in hybrid electric vehicles rely too much on the gasoline engine for this pathway to be a long-term climate solution, the ICCT said. Source: The ICCT. Source: The ICCT.

Hydrogen 418
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Climate impact of lithium-ion batteries & how to measure it 

Electric Vehicles India

Climate impact of lithium-ion batteries & how to measure it . Read further to know more about the climate impact of lithium-ion batteries. . Climate impact of lithium-ion batteries. They still cause an impact on climate by the manufacturing of the car and not least the battery. Lithium-ion battery production.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. India is planning to almost double the length of its gas transmission grid, while China will grow its gas network about 60% by 2025. MMbtu in Russia, $8.7/MMbtu

Gas 243