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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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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
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NREL researchers use adversarial training to super-resolve climate data; up to 50X higher resolution data

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Researchers at the US Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) have developed a novel machine learning approach quickly to enhance the resolution of wind velocity data by 50 times and solar irradiance data by 25 times—an enhancement that had yet to be achieved with climate data.

Climate 170
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Harvard team finds large-scale US wind power would cause warming that would take roughly a century to offset

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Extracting energy from the wind causes climatic impacts that are small compared to current projections of 21 st century warming, but large compared to the effect of reducing US electricity emissions to zero with solar. They find that large-scale wind power generation would warm the Continental United States 0.24

Wind 315
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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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Renewables to overtake coal as largest global electricity source in 2025

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During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Global solar PV prices declined by nearly 50 percent year over year in 2023, and the IEA expects cost reductions and accelerated deployment to continue.

Coal 120
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Tesla China launches solar-powered Superchargers in sunshine-ridden Tibet

Teslarati

Tesla China announced earlier that it has launched a solar-powered Supercharger facility in Lhasa, the administrative capital of the Tibet Autonomous Region. ” Lhasa’s climate is one of the more favorable examples we’ve seen of where solar-powered Superchargers would be incredibly effective.

Solar 145
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World Bank Group: mineral production to soar as demand for clean energy increases

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It estimates that more than 3 billion tons of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage, to achieve greenhouse gas emission reductions sufficient to achieve a below 2°C future. Source: “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition”.

Clean 243