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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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Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

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While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

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

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SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad.

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Vega Biofuels’ pilot torrefaction plant to use new process to lower costs of biomass feedstock; site remediation biomass

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Vega Biofuels announced that its Joint Venture (JV) partner, Agri-Tech Producers, LLC (ATP) has developed a new and patent-pending process that significantly reduces the cost of some of the biomass feedstock for the company’s Allendale, SC pilot torrefaction plant by using site remediation biomass.

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Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable

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Tesla Energy takes a stand against coal and gas generators in Australia. In April, Tesla integrated its solar products and Powerwall battery, choosing to sell the two together as a bundle. Customers could choose between Tesla solar panels or Solar Roof, but all solar products would be installed with a Powerwall. Read Gov.

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DOE reports progress on development of low-carbon and renewable sources of hydrogen production

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The US Department of Energy (DOE) Fuel Cell Technologies Office’ (FCTO) 2014 Hydrogen and Fuel Cells Program Annual Progress Report ( earlier post )—an annual summary of results from projects funded by DOE’s Hydrogen and Fuel Cells Program—described progress in the field of hydrogen production. Source: DOE. Click to enlarge.

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