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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit.

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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

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In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario. —Weis et al.

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DOE to award up to $180M for offshore wind demo projects; targeting lowering levelized cost of energy (LCOE) below 10¢/kWh

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The US Department of Energy (DOE) is soliciting ( DE-FOA-0000410 ) proposals for up to four offshore wind energy projects to receive up to $180 million over six years, including an initial commitment of $20 million in fiscal year 2012. LCOE is the sum of all annual costs divided by the amount of electricity produced per year.).

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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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When electricity is in high demand and more valuable, the pressurized gas is allowed to warm, turning a turbine as it expands and thus generating energy that can be used at peak times when the sun is not shining and the wind is not blowing.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. In the quest to reach carbon neutrality, methanol and electric vehicles are two powerful tools in the toolshed.

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AeroVironment licenses PNNL EV smart charger controller technology

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Under normal conditions, this stabilizing technology will be particularly important as the power grid is expected to rely more and more on variable renewable resources such as wind and solar technologies. First, reducing the cost of integrating variable renewable generation reduces the electricity costs for all ratepayers.

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NREL and partners to investigate secondary uses for electric drive vehicle batteries

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The cost of Li-ion batteries currently affects the affordability of plug-in hybrid and electric vehicles (PHEV/EV) for consumers. While these PHEV/EV batteries degraded to 70%-80% of their original power/capacity are insufficient for automotive use, these aged batteries may still be useful and could be reused in other applications.

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