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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.

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EIA expects significant increases in US wholesale electricity prices this summer

Green Car Congress

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

Green Car Congress

A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a similarly sized gas-fired power plant. The expansion of electricity networks also requires a huge amount of copper and aluminum. Source: IEA. Source: IEA. Source: IEA.

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What makes maintaining electric vehicle charging stations more difficult than gas stations?

Setec Powerr

Electric vehicles are gaining popularity as people become increasingly concerned about the environment and rising fuel costs. While electric cars have many benefits, such as reduced emissions and lower fuel costs, they also present unique challenges when it comes to maintaining the charging infrastructure they require.

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National labs team delivers techno-economic analyses of H2 DRI scenarios for green steel

Green Car Congress

Yet, the lack of established process and business models defining “green steel” make it difficult to understand what the respective H 2 price has to be in order to be competitive with commercial state-of-the-art natural gas DRI. … When using H 2 only for iron ore reduction, economic viability is reached at an H 2 procurement cost of $1.70

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China’s first integrated methanol-to-hydrogen and hydrogen refueling service station now in operation

Green Car Congress

An upgrade from the previous fueling station offering oil, gas, hydrogen, electric charging services, the integrated complex can produce 1,000 kilograms of hydrogen a day, with a purity of 99.999%. Sinopec’s solution has tackled the bottlenecks of low transport capacities, high costs and long loading times.

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Opinion: EVs will be supply constrained until ICE cars die out

Electrek

Answer: When the cost of buying or leasing an electric vehicle along with paying for maintenance and miles becomes less expensive than using a free gas car. That’s already been the case for years for high mileage drivers but with higher gas prices, we’ve now reached the point where the cost comparison is becoming more acute.