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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

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.

Asia 52
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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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. billion tonnes.

Emissions 370
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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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. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

Wind 220
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ENEOS begins joint study with Origin on Japan-Australia green hydrogen supply chain; MCH as transport medium

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ENEOS Corporation and Origin Energy signed a memorandum of understanding to conduct a study on a potential business collaboration for the development of a CO 2 -free hydrogen supply chain between Japan and Australia. Specifically, Origin will focus on use of renewable energy supply and water electrolysis cells for hydrogen production.

Australia 221
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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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The system uses proprietary technology to autonomously orchestrate the lifting and lowering of the bricks, storing the potential energy in the elevation gain, and generating then discharging electricity as the bricks are lowered. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

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Air France KLM signs 210M gallon SAF offtake agreement with DG Fuels

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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. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

France 426
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Renewables expand to 23% of US electrical generation in 2023, with solar in the lead

Baua Electric

of US electrical generation in 2023, according to newly released end-of-year US Energy Information Administration (EIA) data. EIA’s latest “ Electric Power Monthly ” (with data through December 31, 2023) reports that the combination of utility-scale and small-scale (e.g., rooftop) solar increased by 16.1% compared to 2022.

Solar 52