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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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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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The US Department of Energy (DOE) is awarding more than $145 million to 69 projects in 24 states to help shape the next generation of solar energy technologies. The SunShot Initiative seeks to make solar energy systems more cost-competitive, without long-term subsidies, by reducing the cost of these systems about 75% by the end of the decade.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge. BCG, November 2010).

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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. Global power generation mix.

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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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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

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Stanford study quantifies energetic costs of grid-scale energy storage over time; current batteries the worst performers; the need to improve cycle life by 3-10x

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Benson from Stanford University and Stanford’s Global Climate and Energy Project (GCEP) has quantified the energetic costs of 7 different grid-scale energy storage technologies over time. The data revealed that all five battery technologies have high embodied-energy costs compared with pumped hydroelectric storage. Click to enlarge.

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.

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