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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. China and India together are a $4.3

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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BNEF projects that it will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85% reduction in the 2010-18 period. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 trillion to other zero-carbon technologies such as hydro and nuclear.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. The driving force behind this trend is the substantial reduction in capital costs for renewable energy projects.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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India is planning to almost double the length of its gas transmission grid, while China will grow its gas network about 60% by 2025. We have already seen unprecedented coal-to-gas switching in Europe, and clean air policies in major growth markets such as India and China will drive more gas adoption in the next few years.

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IndianOil and LanzaTech to construct first refinery Offgas-to-Bioethanol production facility

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Indian Oil Corporation Limited (IndianOil), India’s flagship national oil company and LanzaTech signed a Statement of Intent to construct the world’s first refinery offgas-to-bioethanol production facility in India. The potential impact of using off-gases from the refining sector in India is considerable.

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Could Zinc Gel Chemistry Outperform Flow Batteries?

Cars That Think

Our aim is to firm renewables, making solar and wind into baseload generation." Our aim is to firm renewables, making solar and wind into base load generation." Zinc-bromine technologies can do well due to the low cost of materials." What we are good at is energy shifting," says Maschmeyer.