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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). Each year, NEO compares the costs of competing energy technologies through a levelized cost of energy analysis.

Wind 207
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

The driving force behind this trend is the substantial reduction in capital costs for renewable energy projects. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

Asia 52
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McMaster switched reluctance motor spinout Enedym closes $15M funding round

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Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., A controller energizes each stator winding only when it can produce useful torque.

Motor 321
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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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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. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar.

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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

Hydrogen 221
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Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

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Significant quantities of natural monazite ore are produced around the world as a byproduct of zircon and titanium production from heavy mineral sand operations, including large resources in the US, Australia, India, South Africa, and other nations.

Energy 186
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To Store or Not to Store: That is the Question

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However, when peak demand is not required the inefficiencies of idling coal, nuclear and gas powered power plants has become both very uneconomic and non-responsive to changes in demand for today’s market. For example, in June, California experienced an 1800MW drop in electricity production in one hour due to wind fluctuations.

Store 279