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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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BNEF now forecasts that green hydrogen from renewables should be cheaper than natural gas (on an energy-equivalent basis) by 2050 in 15 of the 28 markets modeled, assuming scale-up continues. MMBtu) by 2050 in most modeled markets. Eventually those assets will be undercut, like what is happening with coal in the power sector today.

Cost Of 255
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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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SAF company DG Fuels closes investments with two Japanese companies

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and an undisclosed investor, DGF has now exceeded its minimum investment target as part of its final round of parent-level development capital needed to fund the remaining expected expenses required to reach FID, including the ongoing FEL 3 and related expenses. With the investments in DGF made by aviner & co., Chishima Real Estate Co.,

Companies 370
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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% Solar and wind are the only energy sources that will increase their share of US electricity generation this summer. US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021. in summer 2021.

Oil 344
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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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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5

Wind 220
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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.

Emissions 370
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Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable

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The project aims to build the first Tesla Solar neighborhood, making a sustainable residential community. The Tesla Solar neighborhood was provisionally named SunHouse at Easton Park. Brookfield Vice President of Sales and Marketing Tammy Schneider estimates Easton Park will be fully built in 8 to 10 years with about 10,000 homes.