Remove Cost Remove Cost Of Remove Power Grid Remove Wind
article thumbnail

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.

article thumbnail

CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

Green Car Congress

In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario. —Weis et al.

Wind 286
article thumbnail

DOE to award up to $180M for offshore wind demo projects; targeting lowering levelized cost of energy (LCOE) below 10¢/kWh

Green Car Congress

The US Department of Energy (DOE) is soliciting ( DE-FOA-0000410 ) proposals for up to four offshore wind energy projects to receive up to $180 million over six years, including an initial commitment of $20 million in fiscal year 2012. LCOE is the sum of all annual costs divided by the amount of electricity produced per year.).

Wind 218
article thumbnail

Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 89
article thumbnail

Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

Green Car Congress

When electricity is in high demand and more valuable, the pressurized gas is allowed to warm, turning a turbine as it expands and thus generating energy that can be used at peak times when the sun is not shining and the wind is not blowing.

article thumbnail

Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

Green Car Congress

While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. In the quest to reach carbon neutrality, methanol and electric vehicles are two powerful tools in the toolshed.

Denmark 446
article thumbnail

Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable

Teslarati

These directives build upon the reforms passed this session to increase power generation capacity & ensure the reliability of the Texas power grid. The directives also included allocating “reliability costs to generation resources that cannot guarantee their own availability, such as wind and solar power.”