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Utility solar dethrones coal as the cheapest power source in Asia

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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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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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This is equivalent to gas priced at $6-12/MMBtu, making it competitive with current natural gas prices in Brazil, China, India, Germany and Scandinavia on an energy-equivalent basis. However, cost efficient large-scale options do exist and could be used to supply industrial customers with the clean gas. MMBtu) in 2050.

Hydrogen 221
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services. Despite some fallback during the winter months, prices remained above US$15,600/t through February and March 2018.

Price 207
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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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Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. Retrofit or close any remaining coal-fired capacity by 2050. Source: BloombergNEF.

Hydrogen 221
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Underground Coal Gasification Company In Partnership to Test Alkaline Fuel Cells for Power Generation

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Australia-based underground coal gasification (UCG) company Linc Energy ( earlier post ) has signed an exclusive agreement with the UK-based alkaline fuel cell technology company AFC Energy Plc and its related company, B9 Coal ( earlier post ). Linc Energy will have the option to extend the exclusivity period in perpetuity.

Coal 199
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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NEO starts by analyzing technology trends and fuel prices to build a least cost view of the changing electricity sector. The results show coal’s role in the global power mix falling from 37% today to 12% by 2050 while oil as a power-generating source is virtually eliminated. This will attract $13.3 trillion in new investment.

Wind 207