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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. The RNG Project will generate RNG captured from dairy cow manure.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D. Earlier post.) Earlier post.)
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI.
Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.
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.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. Hyundai fuel cell bus. In September 2019, Hyundai and Cummins Inc.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.
Cost of carbon abated for transport applications. Bio-methane retains all the attributes of natural gas, with the crucial advantage that the fuel is renewable, offering substantial Carbon Dioxide savings. Cost of carbon abated. Click to enlarge. Few other renewable vectors are as fungible, with so few demand-side constraints.
The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050. Natural Gas.
The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. The report calculates the cost of producing electricity from different types of new power plants.
Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electric vehicles in 2013.
Electric vehicles (EVs) have become a political lightning rod. One popular disinformation theme is that there is a federal mandate requiring everyone to ditch their gas burner and switch to an EV. One popular disinformation theme is that there is a federal mandate requiring everyone to ditch their gas burner and switch to an EV.
Five of the 28 innovations will help protect the grid from wildfires/PSPSs, four of these five will provide climate and weather risk prediction to electric infrastructure and services, and one is a hard tech innovation to reinforce transmission lines.
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.
Power from the project will be sold to Pacific Gas and Electric Company. Through FIPP financing, the Department of Energy guarantees up to 80% of the eligible costs of a loan provided to a renewable energy project by qualified financial institutions.
DOE will continue to focus on significantly increasing the amount of cost-competitive electric power from renewable resources across the nation by further accelerating the development and commercialization of these technologies. Leverage increased private sector financing for deployment of “all of the above” energy technologies.
This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. China has made big progress in electric car technologies but still lags behind other countries in certain areas, said the report.
The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. E-Trike drivers will save upwards of $5 a day in fuel costs, and the new E-Trikes have the capacity to carry more passengers. million.
The New Terminal One will have what its creators have said is the largest solar array at any US airport, which will power a fleet of electric vehicles used at the terminal both landside and airside. MWh of battery energy storage to balance electrical demand and improve power quality. MW of fuel cells and 1.5 MW of fuel cells and 1.5
However, the financial cost of the shift is causing concern. The fact that German electricity prices are among the highest in Europe, despite relatively low wholesale prices, must serve as a warning signal ,” said IEA Executive Director Maria van der Hoeven as she presented the report, Energy Policies of IEA Countries – Germany 2013 Review.
Syzygy Plasmonics, a technology company developing a high-performance photocatalyst for the industrial gas, chemical and energy industries, announced a $23-million Series B financing led by Horizons Ventures with participation from new global investors including Equinor Ventures. of global greenhouse gas (GHG) emissions.
The thermochemical process does not require enzymes or microorganisms; instead, the biomass is gasified under certain heat and pressure conditions producing synthesis gas, a carbon monoxide and hydrogen-rich gas that can be converted into high quality synthetic fuels, intermediate chemicals or electricity. Ceres ARPA-E Award.
These new SCALEUP teams are receiving funding to support the scaling of high-risk and potentially disruptive new electric vehicle battery, data center efficiency, grid modernization, emissions mitigation, and storage technologies. Next-Generation Lithium Metal Anode Cells for Electric Aviation - $9,000,000. Earlier post.)
Senate Finance Committee Chairman Max Baucus (D-Mont.) This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Specific proposals include: Clean electricity tax credit.
The US Department of Transportation (DOT) is awarding $100 million in Economic Recovery Act funding to 43 transit agencies for projects to reduce energy consumption and greenhouse gas emissions from both vehicles and facilities. The Federal Transit Administration reviewed more than $2 billion in applications for these funds.
Several reasons underpin slow growth in the commercialization of biofuels, according to the EIA: Difficulties obtaining financing in the aftermath of the debt crisis; Technology scale-up difficulties at startup companies; and. Strategic corporate shifts because of increased availability of low-cost natural gas.
MHI) has invested in Electric Hydrogen (EH2), a clean hydrogen startup headquartered in Natick, Massachusetts, to support its efforts in developing cost-competitive, fossil-free hydrogen. The investment was part of a $198-million financing. Mitsubishi Heavy Industries, Ltd.
International agreements on the need to combat climate change, the fluctuating but generally rising costs of marine fuels which account for a large proportion of the running costs of a ship, and developments on a number of other fronts have led many in the industry to question whether the present methods of ship propulsion are sustainable.
Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. Source: KPMG. Click to enlarge.
California’s Zero Emission Vehicle (ZEV) mandate ( earlier post ) remains an indispensable driver of electric vehicle policies worldwide, unique in its ability to foster technology-neutral research and development, according to a new report by the International Council on Clean Transportation (ICCT).
electric mail delivery vehicles under real working conditions. This system is expected to double the range of the electric cars used for postal delivery. This modular system reduces production costs and address the power requirement portfolio of diverse vehicle markers. The three Kangoos Z.E.s Click to enlarge.
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., The demand for new roads and the cost of expanding and maintaining the transportation system have increased with population and economic growth. users pay for the construction and maintenance of roads via a federal fuel tax.
Eight partnering states released their Multi-State ZEV Action Plan as the first promised milestone for the bi-coastal collaboration to pave the way for increasingly large numbers of zero emission vehicles: plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and hydrogen-powered fuel cell electric vehicles (FCEVs).
Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. This raw material dominance, along with China’s relative labor cost advantage, has resulted in an emerging extended supply chain in motor technology and production.
The program commits city departments to the leasing of pure battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to replace aging city vehicles, including those with conventional internal combustion engines. The announcement came on the eve of the US-China Climate Leaders Summit to be hosted in L.A.
Electric Cars in the United States: A New Model with Forecasts to 2030” was written by Thomas Becker, a Ph.D. candidate in economics with a specialization in international finance and environmental economics. The high rate of adoption is driven by the low purchase price and operating costs of electric cars with switchable batteries.
The difference in outcomes under the two scenarios and thus the opportunity cost of not realizing the Asian Century scenario is huge, especially in human terms. For example, half of all Asians live without basic sanitation while 900 million people in the region have no access to electricity. —Haruhiko Kuroda.
The report, Destination Sustainability: Reducing Greenhouse Gas Emissions from Freight Transportation in North America , looks at the continental freight transportation network, a key component of the transportation sector, which is the second-largest source of greenhouse gas (GHG) emissions in North America, after electricity generation.
DNV and GL merged in September 2013 to form DNV GL—the world’s largest ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. —“Alternative Fuels for Shipping”.
The scenarios were all able to reduce greenhouse gas emissions to meet the 2-degree target by 2020 by using a combination of the following: Improving energy efficiency: primary energy production would need to drop up to 11% from business-as-usual models in 2020, and the amount of energy used per unit of GDP would need to fall 1.1-2.3%
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