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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Global power generation mix. Wind and solar grow from 7% of generation today to 48% by 2050.

Wind 207
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. The rise of gigafactories.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Global cumulative energy storage installations. BNEF’s Energy Storage Outlook 2019 predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets: stationary storage and electric vehicles. Source: BloombergNEF. —Logan Goldie-Scot, head of energy storage at BNEF.

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

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The technology could fundamentally transform the way electricity is stored on the grid, making power from renewable energy sources such as wind and sun far more economical and reliable. Solid-electrode batteries maintain discharge at peak power for far too short a time to fully regulate wind or solar power output.

Low Cost 374
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Opinion: Reinventing fuel-based power for a more secure and resilient grid

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The growth of global industrialization, increasing demand on energy resources and rising carbon emissions are deepening the need for energy infrastructure that is increasingly green, distributed, flexible, and resilient. Increasingly, wind and solar are replacing fossil fuels as our principle source of energy.

Grid 332
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Germany and Namibia form partnership for green hydrogen

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The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. High wind speeds in Namibia mean that the generation of wind power is particularly profitable. Solar power harbors an even greater potential thanks to over 3,500 hours of sunshine per year.

Namibia 337
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Volkswagen Group’s PowerCo breaks ground on second cell gigafactory

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Important factors in deciding to build the site in Valencia included the availability of low-cost green electricity, the regional research and innovation cluster, as well as the good transport infrastructure and proximity to the Group’s Spanish production sites. PowerCo is aiming to manufacture sustainable batteries in Valencia.

Spain 195