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Researchers use quantum computing method to optimize molecular photoswitches for solar energy harvesting

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Molecular photoswitches that can both convert and store energy could be used to make solar energy harvesting more efficient. The procedure was based on a dataset of more than 400,000 molecules, which the researchers screened to find the optimum molecular structure for solar energy storage materials. 202309543

Solar 418
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bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

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bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.

Oman 321
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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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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. MMBtu) by 2050 in most modeled markets. Such low renewable hydrogen costs could completely rewrite the energy map.

Cost Of 255
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IRENA sees renewable hydrogen at least cost-possible within decade

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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.

Hydrogen 482
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
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Rio Tinto plans to invest $600M more in renewable energy in the Pilbara

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Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara as part of the company’s efforts to decarbonize its Western Australian iron ore operations. The investment will fund the construction of two 100MW solar power facilities as well as 200 MWh of on-grid battery storage in the Pilbara by 2026.

Renewable 218
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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The project, part of Cepsa’s 2030 strategy Positive Motion, will contribute to Europe’s energy security and independence, in line with the objectives of the European Union’s REPowerEU strategy. It also has one of the highest wind and solar photovoltaic power generation and production capacity in Europe, and at the lowest cost.

Hydrogen 397