Remove 2011 Remove Renewable Remove Solar Remove Wind
article thumbnail

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
article thumbnail

EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

Green Car Congress

Because these units can start and stop quickly and operate at partial loads, they have become increasingly important in areas with high shares of renewable electricity generation from wind and solar. The plant, which started commercial operation in 2011, consists of 18 reciprocating engine generators with 9.1

Gas 348
article thumbnail

BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

Green Car Congress

In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). from the year prior.

Carbon 418
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 This marked the first annual increase in dollar commitments to renewables—excluding large hydro—for three years, and brought the total up to just 3% below the all-time record of $278.8 billion set in 2011. billion.

2014 150
article thumbnail

Pike Research survey finds erosion in US consumer support for clean energy since 2009; solar energy tops favorables, followed by wind, hybrid vehicles and EVs

Green Car Congress

Percentage of consumers having extremely or very favorable views of 13 clean energy technologies, 2009-2011. Topping the favorables were solar power (77% in 2011, down from 81% in 2009); wind energy (71% in 2011, down from 79% in 2009); and hybrid vehicles (61% in 2011, down from 70% in 2009).

2009 231
article thumbnail

DOE awards more than $145M for advanced solar technologies under SunShot Initiative

Green Car Congress

The US Department of Energy (DOE) is awarding more than $145 million to 69 projects in 24 states to help shape the next generation of solar energy technologies. The SunShot Initiative seeks to make solar energy systems more cost-competitive, without long-term subsidies, by reducing the cost of these systems about 75% by the end of the decade.

Solar 348
article thumbnail

MIT researchers propose subsea version of pumped hydro for renewable energy storage

Green Car Congress

Researchers at MIT are proposing using a variation on pumped hydroelectric systems for storage of electricity produced by offshore wind farms. The key to this Ocean Renewable Energy Storage (ORES) system is the placement of 30-meter-diameter hollow concrete spheres on the seafloor under the wind turbines. Earlier post.).

MIT 296