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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.

Cost Of 210
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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.

Low Cost 397
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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.

Solar 186
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S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

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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.

Supplies 243
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DAIHEN leverages WiTricity wireless charging technology for solar-powered mobility demo in Japan

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at Expo Park in Osaka, Japan, to showcase next-generation mobility services using a small electric vehicle, similar in size and functionality to a golf cart, and a solar-powered wireless charging system, provided by DAIHEN. DAIHEN recently launched a demonstration with Kansai Electric Power Co.

Japan 370
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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

Africa 481
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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Solar PV follows closely, due to the sheer volume of capacity that is added. Source: IEA.

Supplies 248