Wind and solar cost less than coal for power
Green Car Reports
NOVEMBER 14, 2018
Producing renewable electricity is cheaper than running old coal plants, a new report from investment firm Lazard shows. Lazard reports that new wind farms in the U.S.
Coal is losing the price war to wind and solar faster than anticipated
Electrek
MAY 6, 2021
The costs of most existing coal-fired power plants in the US are now more expensive than the total costs of wind and solar as a result of their plunging costs, according to a new study. more… The post Coal is losing the price war to wind and solar faster than anticipated appeared first on Electrek.
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US Renewable energy sources surpass coal generation
Teslarati
MARCH 30, 2023
Energy Information Administration (EIA) revealed that the United States generated more electricity from renewable energy sources than coal last year. According to the EIA, declining costs and rising subsidies contribute to renewables displacing fossil fuels. Meanwhile, natural gas, coal, and nuclear generation shares have declined.
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Renewables to overtake coal as largest global electricity source in 2025
Teslarati
JANUARY 15, 2024
While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. Solar PV and wind account for 95 percent of the predicted 7,300 GW renewable expansion between 2023 and 2028. In the U.S., In the U.S.,
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking
Green Car Congress
JUNE 23, 2022
Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.
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New wind and solar power costs less than keeping old coal running
Green Car Reports
MARCH 29, 2019
For most of their history, the knock on renewable wind and solar power is that they cost more than fossil fuels. But that's what's happening with renewable energy now, according to a new report published by Energy Innovation.
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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline
Green Car Congress
JANUARY 8, 2020
This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.
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BNEF: wind and solar boost cost-competitiveness versus fossil fuels
Green Car Congress
OCTOBER 6, 2015
This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.
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BNEF: cost of new renewables rises as inflation starts to bite
Green Car Congress
JULY 1, 2022
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: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high
Green Car Congress
NOVEMBER 26, 2019
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.
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Energy from renewables will soon be cheaper than from coal—in many world regions
Green Car Reports
MARCH 17, 2020
Renewable energy is not just better for the environment, it's also becoming cheaper than coal for electricity generation in many parts of the world, according to a new report.
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Utility solar dethrones coal as the cheapest power source in Asia
Baua Electric
FEBRUARY 29, 2024
Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050
Green Car Congress
JUNE 19, 2018
This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. trillion of that going to wind and solar and a further $1.5
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Gas prices due to drop in 2024, as EVs plug into cleaner energy
Green Car Reports
JANUARY 1, 2024
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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Nevada put big battery energy storage where a coal plant used to be
Baua Electric
APRIL 29, 2024
Nevada utility NV Energy’s largest battery energy storage system sits on a former coal-fired power plant site and will save customers a lot of money. The new BESS is on the site of the former 557-megawatt (MW) coal-fired Reid Gardner Generating Station, which was demolished in 2019. Energy Vault will maintain the system.
NETL framework for assessing economic viability of recovering REEs from unconventional sources
Green Car Congress
JULY 26, 2023
Unconventional REE sources such as domestic coal and coal waste could yield the materials needed for the strong magnets necessary to turn wind into electricity and operate electric vehicles. That allowed us to establish consistent process unit costs for common stages in the conventional supply chain.
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies
Green Car Congress
JUNE 19, 2019
Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Each year, NEO compares the costs of competing energy technologies through a levelized cost of energy analysis.
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SAF company DG Fuels closes investments with two Japanese companies
Green Car Congress
JULY 29, 2023
These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.
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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects
Green Car Congress
OCTOBER 31, 2021
The composite blocks can be made from low-cost and locally sourced materials, including the excavated soil at the construction site, but can also utilize waste materials such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades.
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Stanford study finds current carbon capture technology inefficient & increases air pollution
Green Car Congress
OCTOBER 27, 2019
Even if you have 100 percent capture from the capture equipment, it is still worse, from a social cost perspective, than replacing a coal or gas plant with a wind farm because carbon capture never reduces air pollution and always has a capture equipment cost. Only when wind replaced coal itself did social costs decrease.
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B
Green Car Congress
AUGUST 2, 2022
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.
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Wind-to-Hydrogen Tech Goes to Sea
Cars That Think
AUGUST 19, 2023
Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China
Green Car Congress
MARCH 9, 2022
billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.
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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power
Green Car Congress
JANUARY 24, 2014
In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario. —Weis et al.
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Tesla Energy takes a stand against coal and gas generators in Australia
Teslarati
JULY 5, 2021
Tesla Energy firmly argued against using coal and gas generators to support a proposed low-cost, reliable, secure, and zero-emissions grid in Australia. . First, Tesla is firmly against the idea of extending the life span of existing coal and gas generators. . Two main points were driven in the letter. Credit: Tesla Energy).
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Topsoe to provide technology for first commercial size dynamic green ammonia plant in China
Green Car Congress
JANUARY 20, 2023
The green ammonia will replace approximately 850,000 tons of coal and help reduce more than 2 million tons of CO 2 from being emitted to the atmosphere every year, along with 6.4 The clean power from wind turbines will be connected directly to the electrolysis unit making it more cost-effective than if involving a hydrogen storage.
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Air France KLM signs 210M gallon SAF offtake agreement with DG Fuels
Green Car Congress
NOVEMBER 10, 2022
These changes eliminate the need for carbon sequestration and reduce the system’s feed-stock handling costs and complexity. The feed-stock reduction is achieved primarily by supplementing the process with oxygen and hydrogen produced by water electrolysis units that are powered by clean wind and solar generated electricity.
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This utility in the US Midwest is going to add 3.6 GW of wind and solar
Baua Electric
FEBRUARY 2, 2024
Photo: Xcel Energy Xcel Energy just announced its big solar and wind plans in the US Midwest – here’s the lowdown. gigawatts (GW) of new wind and solar into the mix in the Midwest. However, the utility says it’s still on track to close all its coal plants by 2030. GW of wind and solar appeared first on Bauaelectric Auto News.
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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output
Green Car Congress
AUGUST 12, 2013
The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy.
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CMU study finds that coal retirement is needed for EVs to reduce air pollution
Green Car Congress
FEBRUARY 12, 2016
Electric vehicles charged in coal-heavy regions can create more human health and environmental damages from life cycle air emissions than gasoline vehicles, according to a new consequential life cycle analysis by researchers from Carnegie Mellon University. That’s why the shift away from coal is so important for EVs. Jeremy Michalek.
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EIA: US electricity generation from coal and natural gas both increased with summer heat
Green Car Congress
OCTOBER 19, 2012
In August 2012, coal produced 39% of US electricity, up from a low of 32% in April 2012, when the natural gas share of generation equaled that of coal. The August coal share of generation is still notably lower than the 50% annual average over the 1990-2010 period. Other plants use PRB coal transported by rail.
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CMU study finds controlled EV charging can reduce generation cost, but at greater health and environmental costs depending upon the generation mix
Green Car Congress
APRIL 16, 2015
Results from the study also suggest that with sufficient coal plant retirement and sufficient wind power, controlled charging could result in positive net benefits instead of negative. The question of electricity costs vs. health and environmental cost is important to ask everywhere, Michalek said. Click to enlarge.
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels
Green Car Congress
MAY 11, 2020
CO 2 emissions from coal fell by 14.6%, the largest annual percentage drop in any fuel’s CO 2 emissions in EIA’s annual CO 2 data series dating back to 1973. The United States now emits less CO 2 from coal than from motor gasoline. Source: US Energy Information Administration, Monthly Energy Review.
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273 Trestle Energy and Larksen partner to reduce CO2 from ethanol and coal power
Green Car Congress
JUNE 2, 2016
The platform is designed to enable ethanol producers to reduce their fuel carbon intensity substantially and to facilitate cost-effective use of biomass fuel pellets at existing power plants. This will expand supplies of dispatchable, renewable energy and substantially reduce greenhouse gas emissions from domestic energy supplies.
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150 Lux Research: cost of electrofuels remains far from viable
Green Car Congress
JUNE 9, 2014
Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Source: Lux Research.
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210 EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity
Green Car Congress
JULY 19, 2011
Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI. Click to enlarge.
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239 UK to award £54M to 15 projects developing innovative carbon removal technology
Green Car Congress
JULY 10, 2022
The novel SMART-DAC technology is a natural wind driven process that captures CO 2 directly from air using membrane gas absorption with a liquid absorbent and regeneration of the absorbent by electrodialysis. Coal Products Limited (CPL), “Bio-waste to biochar (B to B) via Hydrothermal Carbonization and Post-Carbonization”.
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Statkraft to install GE Rotating Stabilizers in grid-stabilization project in Scotland
Green Car Congress
JULY 13, 2020
Rotating Stabilizers can help reduce emissions and maintain grid performance by providing the same synchronous inertia as coal or gas power plants without the associated CO 2 emissions and high running costs. This flexible technology can be deployed as/when required by the system operator.
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EIA projects increases in global energy consumption and emissions through 2050
Green Car Congress
OCTOBER 7, 2021
Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. EIA projects electricity generation to almost double in developing non-OECD countries by 2050.
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259 Los Angeles takes steps to transition out of coal-fired power earlier than required by state law
Green Car Congress
MARCH 20, 2013
The Los Angeles Department of Water and Power (LADWP) has taken steps to transition out of the use of coal-fired electricity earlier than mandated by California state law. LADWP currently owns a 21% interest in the 2250 megawatt (MW) Navajo Generating Station, receiving 477 MW of coal-fired power from the plant.
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world
Green Car Congress
JANUARY 17, 2015
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.
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Liquid Light unveils cost-advantaged catalytic process to make chemicals from CO2
Green Car Congress
MARCH 6, 2014
Liquid Light unveiled its new process for the production of major chemicals from carbon dioxide, showcasing its demonstration-scale “reaction cell” and confirming the potential for cost-advantaged process economics. Large savings in feedstock costs: Liquid Light’s process requires $125 or less of CO 2 to make a ton of MEG.
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required
Green Car Congress
MARCH 31, 2020
The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).
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221 NREL Study Shows 20% Wind Power is Possible in US by 2024
Green Car Congress
JANUARY 20, 2010
The US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) released the Eastern Wind Integration and Transmission Study (EWITS). The study identified operational best practices and analyzed wind resources, future wind deployment scenarios, and transmission options.
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