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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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Coal is losing the price war to wind and solar faster than anticipated

Electrek

The costs of most existing coal-fired power plants in the US are now more expensive than the total costs of wind and solar as a result of their plunging costs, according to a new study. more… The post Coal is losing the price war to wind and solar faster than anticipated appeared first on Electrek.

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

Green Car Congress

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. Cost is the name of the game.

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Lucid Motors slashes worth of Wind sedan as EV price battle grows

Baua Electric

Tesla’s Fashion S and its efficiency model Fashion S Plaid — direct competition with the Wind — are priced at $88,490 and $108,490 unwell from $104,990 and $135,990 at first of the date. The post Lucid Motors slashes worth of Wind sedan as EV price battle grows appeared first on Bauaelectric Auto News.

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

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. Solar alone is expected to increase 39% from 2023 thanks to continual increases in generating capacity.

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MITEI study finds hydrogen-generated electricity is a cost-competitive candidate for backing up wind and solar

Green Car Congress

A team at MITEI (MIT Energy Initiative) has found that hydrogen-generated electricity can be a cost-competitive option for backing up wind and solar. California draws more than 20% of its electricity from solar and approximately 7% from wind, with more VRE coming online rapidly. —Drake Hernandez. —Emre Gençer.

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