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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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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. This is how it goes with clean energy.

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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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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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DOE awards $56.5M to 32 coal technology projects

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The US Department of Energy (DOE) is awarding $56.5 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). million under DE-FOA-0001996, Advancing Steam Turbines for Coal Boilers.

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

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The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024.

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DOE selects 7 gasification projects for funding; focus on reducing cost of coal conversion

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The Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) has selected seven projects to receive funding through NETL’s Gasification System Program. Bio-gasification of Coal to Methane. DOE: $650,000 Non DOE: $162,500 Total: $812,500 (20% cost share). Lead organization. Description.

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