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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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US Departments of Energy and Interior unveil national offshore wind strategy and major offshore wind initiatives

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Unveiling a coordinated strategic plan to accelerate the development of offshore wind energy, Secretary of the Interior Ken Salazar and Secretary of Energy Steven Chu announced steps forward in support of offshore wind energy in the United States, including new funding opportunities for up to $50.5 Next-Generation Drivetrain (up to $7.5

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DOE awarding more than $50M to 15 projects to advance critical material innovations

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Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles. Next-Generation Extraction, Separation, and Processing Technologies.

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DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

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Later in the program, teams that move to Phase 2 will focus on building components, unit operations, and prototype systems to reduce technical risks and costs. The post-combustion outlet gas is more easily separated into water and CO 2 to the pipeline, thereby lowering the electricity costs of grids with high levels of VRE.

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Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

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The number of electric vehicle models that can be leased for less than an average monthly lease cost of $400/month has grown by 50% since last August. 2023 Vinfast VF8 Eco – $268/month On paper, the VF8 Eco looks pretty good, given an incredibly attractive average monthly lease cost that’s well under $300/month before tax and license.

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Why Schools Should Electrify Their Bus Fleets

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However, the growth in renewable energy sources – like solar, hydro and wind power – across the United States is also helping to eliminate emissions associated with the charging of EVs. Saving fleet vehicle costs Finally, there are economic benefits to switching to electric school bus fleets.

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A123 Systems to supply 1MW Li-ion grid storage system to Maui Electric Company; 2MW system for NSTAR demonstration

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A123Systems is also launching a pilot project with NSTAR—the largest Massachusetts-based, investor-owned electric and gas utility— to study and showcase the performance and reliability benefits of implementing a GBS within a suburban electric grid.

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