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Sasol and ITOCHU to partner on green ammonia and hydrogen

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South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. billion and $2.7

Coal 243
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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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But the market looks increasingly crowded and consolidation is likely. Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5 billion, up 1%.

Clean 259
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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion) and South Africa ($5.5 billion set in 2011.

2014 150
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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA. Click to enlarge.

Cost Of 150
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

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The largest percentage increases we recommend compared to 2009 funding levels are for energy storage, buildings, bioenergy, and solar photovoltaics. Lack of market demand and specific innovation process issues are also important barriers. Private sector energy innovation activities are more widespread than previously understood.

Energy 231
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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Electric vehicles represent a $7 trillion market opportunity between today and 2030, and $46 trillion between today and 2050, according to the new report, “ The Cost of Producing Battery Precursors in the DRC ”, launched at the DRC-Africa Business Forum 2021.

Africa 221