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DOE to award up to $100M for future coal plants in Coal FIRST initiative

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The US Department of Energy (DOE) intends to provide up to $100 million in awards ( DE-FOA-0002116 ) for the Coal FIRST (Flexible, Innovative, Resilient, Small, and Transformative) initiative (announced in November 2018), which aims to develop coal plants of the future that will provide secure, stable, reliable power with near-zero emissions.

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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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DOE awards $56.5M to 32 coal technology projects

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million in federal funding to 32 cost-shared research and development (R&D) projects for advanced coal technologies and research under six separate funding opportunity announcements (FOAs). The first funding opportunity award is for $10 million for ten projects under DE-FOA-0001992, Maximizing the Coal Value Chain.

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High cost of coal and natural gas could make EVs, US grid cleaner this summer

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Anticipated price hikes for coal and natural gas could lead to increase use of renewable energy in electricity generation, making both the grid and EVs cleaner, according to new United States Energy Information Administration (EIA) analysis.

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

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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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DOE awarding $6.5M to 9 large-scale Phase I pilot coal projects

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This FOA, issued in August 2017, is a $50-million funding opportunity for projects supporting cost-shared research and development to design, construct, and operate two large-scale pilots to demonstrate transformational coal technologies. General Electric. Organization. Description. Babcock & Wilcox Company.

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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.

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