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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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Renewable energy sources are central to the energy transition toward a more sustainable future. However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. An open-access paper on the work is published in the journal Energies.

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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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a provider of long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, jointly announced plans to develop the United States’ first long-duration, liquid-air energy storage system. Highview Power Storage, Inc.,

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GM, GE Renewable Energy partner to develop supply chain of rare earth and other materials to support EV and renewable energy growth

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General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

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Study finds shifts to renewable energy can drive up energy poverty

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Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.

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DOE to fund research to reduce costs of high-voltage direct current (HVDC) transmission

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The US Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Office of Electricity (OE) plan to fund (DE-FOA-0003241) research to drive innovation and reduce costs of high-voltage direct current (HVDC) voltage source converter (VSC) transmission systems.

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