article thumbnail

Nevada put big battery energy storage where a coal plant used to be

Baua Electric

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.

article thumbnail

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

Green Car Congress

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. Clean hydrogen can also be made using fossil fuels if the carbon is captured and stored, but this is likely to be more expensive, the report finds.

Hydrogen 221
article thumbnail

Heating Buildings With Solar Energy Stored in Sand

Cars That Think

When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. It must deliver power to people when they need it, where they need it, and at a manageable price. The apparent contradictions do not end there.

Store 95
article thumbnail

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

Green Car Congress

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. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

Wind 220
article thumbnail

Gas prices due to drop in 2024, as EVs plug into cleaner energy

Baua Electric

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. Gas prices, meanwhile, are expected to decrease in 2024. CNN reported this week that price-aggregator Gas Buddy expects U.S. gas prices to average $3.38 per gallon.

Cleaner 52
article thumbnail

DKRW Advanced Fuels secures EPC contract with Sinopec Engineering for Medicine Bow coal-to-liquids project in Wyoming

Green Car Congress

DKRW Advanced Fuels LLC (DKRW) announced that its wholly owned subsidiary, Medicine Bow Fuel & Power LLC (MBFP), has entered into a fixed price Lump Sum Turn Key (LSTK) Engineering Procurement and Construction (EPC) contract with the Sinopec Engineering Group (SEG). The plant, once built, will be the first commercial? located with the 180?million?ton

Wyoming 236
article thumbnail

GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

Green Car Congress

By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal. Sourcing renewable energy is a critical component of GM’s plans to decarbonize.

GM 321