article thumbnail

Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

Green Car Congress

Expanding into an area outside of the oil supermajors’ expertise is risky—batteries are a hard business to win even for industry veterans—but action is key as transportation and the grid increasingly march toward more electrification, Lux suggests. —Cosmin Laslau, Lux Research Senior Analyst and lead author.

Oil 150
article thumbnail

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

Green Car Congress

The costs of these alternative energy technologies are falling rapidly, and they are on the path to becoming cost-competitive within the next five to ten years, if not sooner. The report, “What’s Next for Alternative Energy?,” —“What’s Next for Alternative Energy? Click to enlarge.

Solar 295
article thumbnail

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. Ship electrification holds significant promise for more efficient use of energy.