Remove Cost Remove Solar Remove Wind
article thumbnail

Nacero awards 20-year wind power purchase agreement to NextEra for natural gas-to-gasoline plant in Texas

Green Car Congress

Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas. Renewable power procurement.

Wind 418
article thumbnail

IRENA sees renewable hydrogen at least cost-possible within decade

Green Car Congress

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). A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it possible.

Hydrogen 482
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Harvard team demonstrates new metal-free organic–inorganic aqueous flow battery; potential breakthrough for low-cost grid-scale storage

Green Car Congress

In a paper in Nature , they suggest that the use of such redox-active organic molecules instead of redox-active metals represents a new and promising direction for realizing massive electrical energy storage at greatly reduced cost. The design permits larger amounts of energy to be stored at lower cost than with traditional batteries.

Low Cost 374
article thumbnail

Compact pilot plant for solar to liquid fuels production

Green Car Congress

Partners from Germany and Finland in the SOLETAIR project are building a compact pilot plant for the production of gasoline, diesel and kerosene from solar energy, regenerative hydrogen and carbon dioxide. An electrolysis unit developed by Lappeenranta University of Technology (LUT) produces the required hydrogen by means of solar power.

Solar 322
article thumbnail

Wärtsilä gas engines to burn 100% hydrogen

Green Car Congress

During the energy sector’s transition to carbon neutrality, wind, solar, and battery storage will form an increasing share of power systems. There will, however, also be a need for renewable fuels to enable long-term storage in persistent low wind and solar weather conditions.

Hydrogen 468
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

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. trillion of that going to wind and solar and a further $1.5 The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.

Wind 220