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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

However, the financial cost of the shift is causing concern. These costs are primarily borne by consumers. To date, renewables have had feed-in priority over conventionally generated power from combined cycle and coal-fired power plants. Siemens stands behind the energy transition.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. 2010 and 2015 LCOE ranges for solar and wind technologies. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

US $5 PER KILOGRAM Cost of green hydrogen today. Denmark is planning a hydrogen island designed to generate about 1 million tonnes of offshore hydrogen starting in 2030. Almost all hydrogen produced today is designated as brown, black, or gray, meaning it was generated by burning natural gas or coal.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

So far Israel, Denmark, Australia , Hawaii and California’s Bay Area have plans to implement the Better Place model. The vision is fuelled by the fear of climate change and the need to find green alternatives to dirty coal, unpopular nuclear power and unreliable gas imports from Russia. Cheers — Al Louard 11.

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Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. Clean base load energy is particularly important since that is usually generated by nukes, burning coal or, in the case of Hawaii, oil.

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