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BNEF: cost of new renewables rises as inflation starts to bite

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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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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5

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Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

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Heliogen and Bloom Energy have successfully demonstrated the production of green hydrogen by integrating the companies’ technologies: Heliogen’s concentrated solar energy system and the Bloom Electrolyzer. Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis.

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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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a provider of long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, jointly announced plans to develop the United States’ first long-duration, liquid-air energy storage system. Highview Power Storage, Inc.,

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DOE launches Cadmium Telluride Accelerator Consortium; making CdTe solar cheaper and more efficient

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The US Department of Energy (DOE) launched the Cadmium Telluride Accelerator Consortium (CTAC) —a $20-million initiative designed to make cadmium telluride (CdTe) solar cells less expensive, more efficient and develop new markets for solar cell products. support the domestic CdTe supply chain, and enhance U.S.

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Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

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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. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

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Western Australia to invest $22M to accelerate renewable hydrogen future

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The Western Australia Government of Premier Mark McGowan will bring forward the Western Australian Renewable Hydrogen Strategy targets by a decade and invest $22 million to develop hydrogen supply, meet growing demand for the clean fuel and create jobs. The McGowan Government has committed $5.7

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