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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 In the first stage, natural gas is combined with oxygen to form a syngas.

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DOE to award $3M to lower cost of geothermal energy and boost US supply of rare earth elements

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The Energy Department will award up to $3 million for research and development to help grow US low-to-moderate-temperature geothermal resources and support a domestic supply of critical materials, such as lithium carbonate and rare earth elements. ( DE-FOA-0001016 ). Earlier post.).

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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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. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.

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Chevron partners with Clean Energy On Adopt-A-Port initiative to supply renewable natural gas for port trucks

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Chevron is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG) to reduce emissions.

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GE Capital and Clean Energy form strategic alliance to accelerate adoption of natural gas in trucking industry

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the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas. Class 8 trucks can use both compressed natural gas (CNG) and liquefied natural gas (LNG).

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EIA expects significant increases in US wholesale electricity prices this summer

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EIA forecasts wholesale prices for one price hub in each STEO electricity supply region. Various factors determine wholesale electricity prices, but the cost of fuel for fossil-fuel generators is an important driver. The natural gas price at the Henry Hub averaged $8.14 MMBtu in May 2021. MMBtu this summer, up from $3.93/MMBtu

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Stanford study quantifies energetic costs of grid-scale energy storage over time; current batteries the worst performers; the need to improve cycle life by 3-10x

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Benson from Stanford University and Stanford’s Global Climate and Energy Project (GCEP) has quantified the energetic costs of 7 different grid-scale energy storage technologies over time. The data revealed that all five battery technologies have high embodied-energy costs compared with pumped hydroelectric storage. Click to enlarge.