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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

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DOE awards $2M to Ohio University to develop products for energy storage and motors from coal waste

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The Department of Energy (DOE) is funding six research and development projects that will repurpose domestic coal resources for high-value graphitic products and carbon-metal composites that can be employed in clean energy technologies. Understanding ultra-conductive carbon metal composite wire for electric motors. Earlier post.)

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% 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. Coal-driven decline.

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EIA: India’s steel industry dominated by electric-based processes; intensive coal use for DRI

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In 2016, about 57% of India’s steel was produced using electric-based methods—the second-highest proportion of electric-based steel production among major steel producers, behind only the United States, according to the US Energy Information Administration (EIA). Most other large producers use basic oxygen steelmaking processes.

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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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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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H2FUTURE building world’s largest green hydrogen pilot plant; targeting the steel industry

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The partners from industry and power generation will use this facility to research into future breakthrough technologies which are needed to meet global climate goals over the long-term. The goal is to research real breakthrough technologies which will be applicable on an industrial scale in the next couple of decades. Earlier post.).

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