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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We are running out of time to limit global warming. At the 2022 Advanced Clean Transportation (ACT) Expo, Hyundai Motor will share the progress of the NorCAL ZERO Project. million km as of 30 April 2022.
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 countries accounted for one-third of global GDP in 2019. These countries accounted for one-third of global GDP in 2019.
The Hydrogen Council has published a new report, Path to Hydrogen Competitiveness: A Cost Perspective , demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected. Drop in the cost of components for end-use equipment under scaling up of manufacturing.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. It measures the social cost in US dollars of adding a ton of CO 2 to the atmosphere. —Cruz & Rossi-Hansberg.
Japan is the next market to follow. The use of their own infrastructure usually offers advantages in terms of total cost of ownership (TCO), as no additional operator is involved. The third area deals with the optimization of the total cost of ownership (TCO). Global electric truck portfolio at Daimler Trucks.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Our conclusions are stark for fossil fuel use in road transport.
Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%
Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. billion tonnes, accounting for 33% of the global total. billion tonnes. billion tonnes.
In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. Forecast eLCV share of total global LCV market revenue.
million to 53 projects by 51 small businesses and entrepreneurs with phase II funding based on the initial success of their phase I awards, including follow-on awards to support projects closer to market. Low Total Cost of Hydrogen by Exploiting Offshore Wind and PEM Electrolysis Synergies. million); Fossil Energy (US$14.7
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.
A new study from Juniper Research forecasts that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 Home wallboxes are convenient and lower cost than alternatives, with the onus being on both car manufacturers and governments to support home charging roll-outs to secure the future of electric mobility.
With the continued global turmoil experienced over the past few years, the prices of almost everything are rising. While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly. In 2021, permanent magnet motors made up 84% of the electric car market.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5
Power Global and Rap Eco Motors partner to deliver 50,000 made-in-India electric auto-rickshaws built upon the swappable eZee module. Power Global’s domestic battery production plant in Greater Noida is slated to be the country’s largest leading in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules annually.
After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.
The study highlights that solar powered green hydrogen is economically viable and can be produced at less than €2 per kilogram—cheaper than traditional fossil fuel energy—and cater for local energy demand as well as allowinf green hydrogen to be exported to globalmarkets.
The Economic Transition Scenario (ETS), which assumes no new policies and regulations are enacted, is primarily driven by techno-economic trends and market forces. Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024.
The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.
Through this strategic acquisition, META expands its nanomaterials library and core expertise to address key challenges in battery safety and other applications, opening multi-billion-dollar markets. The globalmarket for lithium-ion battery separators was an estimated $5.1 —George Palikaras, President and CEO META.
BNEF’s latest annual Long-Term Electric Vehicle Outlook shows electric models accounting for 58% of new passenger car sales globally by 2040, and 31% of the whole car fleet. The figures, if realized, have major implications for oil and electricity markets. to global electricity demand by 2040. million barrels per day.
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.
TotalEnergies, which operates more than 15,500 service stations globally, and Hyzon, a leading supplier of hydrogen fuel cell-powered trucks, already have hydrogen refueling stations and hydrogen-powered vehicles in operation, respectively. The MoU strengthens the existing commercial relationship.
The new technique—called Underground Gravity Energy Storage (UGES)—proposes an effective long-term energy storage solution while also making use of now-defunct mining sites, which likely number in the millions globally. The investment costs of UGES are about 1 to 10 US$/kWh and power capacity costs of 2.000 US$/kW.
According to recent studies, the global green hydrogen market size was valued at US$0.3 According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg billion in 2020. It is growing at a CAGR of 54.7% billion by 2028. kg in late July 2022.
Denmark has been a global leader in sustainability, and has pledged to reduce its carbon emissions by 70% by 2030. In the future, Geely Holding methanol vehicles will undergo EU certification and promotion to other European markets in support of accelerating the goal of reaching carbon neutrality.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 The cost of geopolitics. Closing this 2.7
Symbio, a joint-venture between Faurecia and Michelin and a global provider of hydrogen fuel cell systems, is launching Symbio North America. Symbio enters the US market with strong established assets, technology and know-how. Symbio solutions are compact, efficient, and easy to install within existing engine bays.
This project is part of ArcelorMittal’s new global 25% CO 2 2030 emissions reduction target which was announced yesterday in our second climate action report. The company recently published its second group Climate Action Report in which it set a new 2030 global carbon emissions intensity reduction target of 25%.
The partnership’s objective is to deliver a customizable, FAA-certified, hydrogen-fuel-cell system to the global eVTOL marketplace. The global eVTOL market size is forecasted to grow from an estimated $74 million in 2025 to $860 million by 2030, according to new market research. The initial $6.5-million
We are taking definitive steps to drive this global megatrend forward in each of our businesses. India will be one of the first markets to receive Cummins’ Hydrogen engines, an important technology to help drive decarbonization. The systems have strong operating cycle efficiency and durability for a lower total cost of ownership.
With new low-cost Chinese flooding globalmarkets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico.
A new study from Juniper Research has found MaaS (Mobility as a Service) will generate fuel cost savings of $10.8 billion by 2027 globally, increasing from $2.8 The research predicts that consumers will turn to MaaS as fuel costs increase globally. billion in 2022—a growth of 282%.
Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, according to a new survey commissioned by ABB Robotics. The survey highlighted how the rising cost of raw materials (62%) had already overtaken energy costs (59%) as the industry’s chief concern.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
An editorial in the journal Nature calls on policy makers, industry leaders and researchers to mitigate quickly the environmental and human costs of Li-ion batteries. The market for Li-ion batteries is projected to grow from $30 billion in 2017 to some $100 billion in 2025. This would have a considerable carbon footprint.
V reaching 10% capacity increase in comparison to a standard G/NMC cell resulting in lower cost of installed battery pack (euros per kWh) for EV-applications. Leclanché is one of the global leaders in applying the WBB technology. This can be suitable for various applications, especially for fast charging EV-applications.
Market development. By awarding hydrogen to the lowest bidder, and by maintaining an auction limit of €800 million, participants are encouraged to reduce costs of production where possible. By utilizing a fixed premium, there is no need for a market reference price, the document outlined.
Due to the central role of water splitting in a sustainable energy economy, the cost efficiency of this process is crucial and even one percent could save billions of dollars. The analysis found that the energy requirements, the capital, and the operating costs of seawater desalination are marginal compared to those of water splitting.
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. of global greenhouse gas emissions (or about 1.4%
The Roadmap includes an aggressive but what it says in an achievable goal: to develop and domestically manufacture energy storage technologies that can meet all US market demands by 2030. kWh levelized cost of storage for long-duration stationary applications, a 90% reduction from 2020 baseline costs by 2030.
End users benefit from lower total cost of ownership in a variety of applications through the more efficient use of power, reduced cooling requirements, and industry-leading reliability. The new 650V MOSFET family is also ideal for on-board chargers (OBCs) in the electric vehicle (EV) market, Cree said.
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