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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.
BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.
By Jake Stones, hydrogen editor at ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank , according to the heads of terms for the bank published by the European Commission on 31 March. Funding is granted once hydrogen production starts.
The California Energy Commission has released a UC Irvine roadmap for the buildout and deployment of renewable hydrogen production plants in California to support policy decisions and inform stakeholders. The roadmap effort developed several scenarios for the growth in renewable hydrogen demand through 2050.
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). For that, today’s manufacturing capacity of less than 1 GW would have to massively grow beyond 100 GW in the next 10 to 15 years.
Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Yet, its natural gas output will still comprise 85% of its total production by the end of the forecast period. 1 Equinor.
IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 trillion per year by 2050.
Despite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement. Opportunities to accelerate change through pilot projects and uptake of alternative energy need to be seized as soon as possible.
In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.
The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.
Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.
The FH2R can produce as much as 1,200 Nm 3 of hydrogen per hour (rated power operation) using renewable energy. Renewable energy output is subject to large fluctuations, so FH2R will adjust to supply and demand in the power grid in order to maximize utilization of this energy while establishing low-cost, Green hydrogen production technology.
billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. In Abu Dhabi, Acelen signed a memorandum of understanding for the production of renewable diesel and SAF with the government of the Brazilian state of Bahia.
The US Energy Information Administration’s (EIA) short-term forecasts of US gasoline consumption, which cover the current and upcoming calendar year, have risen 1.6% The STEO forecast of 2014 gasoline consumption was generally declining between January 2013 and September 2013, but has risen over the past year. over the past year.
US production capacity for renewable diesel could increase significantly through 2024, based on announced projects and those that are under construction, according to the US Energy Information Administration (EIA). As of the end of 2020, we estimate US production capacity for renewable diesel totaled nearly 0.6
US distillate fuel inventories average 17% below the five-year average in the forecast for 2023. Other key takeaways from the November 2022 STEO forecast include: EIA forecastsrenewable energy sources will provide 24% of US electricity generation in 2023, up from an estimated 22% in 2022. “We
Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build.
The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. —Elena Giannakopoulou, head of energy economics at BNEF. BNEF sees $1.3
As nations across the globe ramp up their commitments to combat climate change, renewable energy has moved from the periphery to the center of the world’s energy strategy. Solar, wind, hydro, and other renewable sources are rapidly replacing fossil fuels. Why Accurate Forecasting Matters Energy grids require balance.
Roskill forecasts that demand for rare earth permanent magnets in EV drivetrains will increase by more than 17.5% Although Roskill expects that demand fell in 2020 as a result of the disruptions of the pandemic, the company is forecasting a strong reovery in demand in 2021, increasing by 10% y-on-y.
The US Environmental Protection Agency (EPA) is proposing a reduction in the cellulosic biofuel and total renewable fuel standards (RFS) for 2014. Specifically, EPA is proposing a total renewable fuel target of 15.21 Total renewable fuels. billion gallons; the final 2013 overall volumes and standards require 16.55 Earlier post.)
Navigant Research forecasts that the transportation segment, with hydrogen demand as a catalyst, will jump-start power-to-gas (P2G) demand and further drive down electrolyzer and other infrastructure costs. Navigant notes that P2G offers benefits to the electric grid through the integration of renewable energy sources.
The signing follows the two companies’ showcase of their green hydrogen technologies at the 23 August 2022 German-Canadian Atlantic Renewable Hydrogen Expo in Stephenville, Newfoundland, which was attended by Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz. The financial terms of the agreement were not disclosed.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), is beginning the final phase of testing of a renewable gasoline for drop-in commercial use in the existing fleet. Neste has been developing a fuel that has the same properties as fossil gasoline but is made of renewable raw materials.
The US Department of Energy (DOE) has released a new public database featuring cost and performance estimates for electric generation, advanced vehicle, and renewable fuel technologies. TCDB plot of projected total cost of fuel-cell vehicles to manufacturers.
Dubbed “Green Horizon”, the initiative sets out to surpass current global practices in three areas critical to China’s sustainable growth: air quality management; renewable energy forecasting; and energy optimization for industry. Renewable energy forecasting. Click to enlarge.
Raven SR, a renewable fuels company ( earlier post ), and Cap Clean Energy, a clean energy development company headquartered in Calgary, Alberta, signed a memorandum of understanding (MOU) to co-develop biofuels facilities in Canada to produce sustainable aviation fuel (SAF) and renewable diesel (RD) for the heavy duty transport sector.
Arun Raju, director of the Center for Renewable Natural Gas at UC Riverside, recently received a $146,000 grant from Southern California Gas Co. SoCalGas) to examine the proposed 100% Renewable Portfolio Standard (RPS) and explore options that can help achieve emission reduction goals more efficiently and at lower costs.
The US Department of Energy (DOE) has released a new Request for Information (RFI) on the scale-up and demonstration of renewable fuels. This information will inform a multi-year scale-up strategy resulting in the construction and operation of several SAF, renewable diesel, and/or renewable marine fuel production pathways.
Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.
In a new report , Navigant Research forecasts that US military spending on alternative drive vehicles (ADVs—including hybrid electric vehicles (HEVs), plug-in electric vehicles (PEVs), and ethanol-powered vehicles—for the non-tactical fleet will increase from more than $435 million in 2013 to $926 million by 2020, a CAGR of 11.4%.
If only incremental increases in renewable energy resources are introduced across the grid, electrolytic hydrogen will not become an environmentally sustainable solution. He looked at three different resources that forecast the future composition of the US electrical power grid.
According to a statement last week from Italy’s grid operator, renewable energy overtook fossil fuels as the lead source of electricity generation in the first six months of the year. The increase in renewables was driven largely by hydroelectric power, which saw a record production increase of 64.8 percent and 18.2 to 3:00 p.m.,
Canada-based Euro Manganese (EMN) signed a non-binding Memorandum of Understanding (MoU) with Norwegian state-owned company Statkraft for the long-term supply of carbon-free renewable energy for Euro Manganese’s flagship Chvaletice Manganese Project (CMP) in the Czech Republic. Statkraft is Europe’s largest generator of renewable energy.
The seven awards approved will fund applied R&D projects that will develop utility-scale renewable energy generation technologies. 1 million to use high-fidelity solar forecasting to predict load impacts on California’s electricity grid and reduce solar integration costs. Southern California Edison, and San Diego Gas & Electric Co.
Solid-oxide-fuel-cell manufacturer Bloom Energy is entering the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. Bloom is capitalizing on this technology by taking terrestrial renewable power and producing hydrogen using solid oxide electrolyzers.
The US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2022 (AEO2022) Reference case forecasts that US energy consumption will grow through 2050, primarily driven by population and economic growth.
US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). billion gallons per year (gal/y), at the end of 2022.
million tonnes LCE will be needed by 2050 with energy storage making up two-thirds of battery demand by that date, due to the growth of renewable energy sources such as wind and solar. million tonnes of cumulative global production of lithium between 2015 and 2022, according to Benchmark’s Lithium Forecast. Annual production of 11.2
IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The increasing interest has been driven by falling electrolysis and renewable power costs and by increasing government focus on green hydrogen.
Vulcan will pump hot lithium-rich brine from production wells up to the surface, then use the co-generated geothermal energy to drive lithium extraction using its proprietary technique, with excess renewable energy as a saleable by-product that can be fed back into the grid. Batteries are a key technology of our time.
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