Remove Cost Of Remove Gas-Electric Remove Production Remove Renewable
article thumbnail

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

Green Car Congress

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.

Cost Of 210
article thumbnail

SoCalGas, H2U testing new Gramme 50 electroylzer for green hydrogen production

Green Car Congress

Southern California Gas Co. SoCalGas) and H2U Technologies are testing a new electrolyzer, called the Gramme 50, for the production of green hydrogen. According to early analysis, the cost target of the new technology is half that of current electrolyzers and the total cost of ownership over its life is expected to be 75% less.

Hydrogen 468
article thumbnail

Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

Green Car Congress

While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

Renewable 419
article thumbnail

BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

Green Car Congress

In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast.

Cost Of 255
article thumbnail

Bosch on importance of renewable synthetic fuels to reach climate goals; e-fuels

Green Car Congress

Electromobility is just now picking up momentum; further, electric cars are only as emissions-free as the production of electricity that charges their batteries. One path to achieving this is with renewable synthetic fuels (e-fuels). Renewable synthetic fuels have long since left the basic research phase.

Renewable 300
article thumbnail

Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

Green Car Congress

Industrial gases leader Air Products, and its subsidiary Air Products Canada Ltd., Aligned with that vision, Air Products began work in 2018 on the core of this world-scale energy complex in Edmonton, which will begin with a transformative $1.3 Hydrogen-fueled electricity will offset the remaining five percent of emissions.

Hydrogen 450
article thumbnail

UK awards £28M for 5 demonstration-phase low-carbon hydrogen production projects

Green Car Congress

million) to five demonstration phase projects for low-carbon hydrogen production. The project concerns the production of hydrogen at scale from offshore floating wind in deep water locations. The project aims to reduce the cost of electrolytic hydrogen significantly. The hydrogen projects receiving funding are: Dolphyn.

Hydrogen 386