Green Car Congress
JULY 1, 2022
The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark.
Green Car Congress
NOVEMBER 9, 2022
Other key takeaways from the November 2022 STEO forecast include: EIA forecasts renewable energy sources will provide 24% of US electricity generation in 2023, up from an estimated 22% in 2022. “We We expect notable decreases in electricity generation from natural gas and coal next year.
Green Car Congress
JANUARY 11, 2023
Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. compared to the previous year.
Green Car Congress
OCTOBER 13, 2022
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. advancing or delaying the time of electricity dispatch.
Plug in America
APRIL 29, 2022
The Russian war against Ukraine is being paid for by exports of oil and gas, just like all of Putin’s previous wars. If everybody in our countries drove electric vehicles and their electricity came from renewables, this war would probably not be happening. Oil and gas exports fuel corruption and oligarchy too.
Green Car Congress
APRIL 9, 2022
Under the plan, 95% of electricity by 2030 could be low-carbon, the government said. This would represent up to around 25% of projected electricity demand—three times more than now. Currently, low-carbon nuclear supplies 15% of power as a steady source of generation to complement intermittent renewables.
Green Car Congress
MAY 21, 2020
The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. That’s why our partnership with SGH2 is so important.
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