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Norwegian startup Blastr plans €4B green steel plant in Finland

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Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. Green steel will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. tonnes of CO₂.

Finland 437
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Genscape reports January US coal-fired power generation up 8.9% above January 2012 levels; higher demand with cold-snap, higher gas prices, lower nuclear

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Genscape reported that January 2013 coal-fired power generation in the US surged 8.9% This increase to 140,080 GWH resulted from higher demand for electricity, higher gas prices, and lower levels of generation from nuclear plants and renewable technologies. Power demand started out 2013 up 3.2% above January 2012 levels.

Coal 210
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. Coal emerges as the biggest loser in the long run. The latest BP Annual Energy Outlook found that in 2017, renewables grew strongly in 2017, with wind and solar leading the way. NEO 2018 sees $11.5

Wind 220
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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. However, fossil fuels continue to supply nearly 80% of world energy use through 2040.

2010 317
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Size of the diameter of the circle represents the size of the project.

Renewable 150
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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The majority of this has gone into renewable electricity generating capacity, which does not compete directly with oil. With oil at $100/barrel, the replacement of these generators or their hybridization with renewables was just beginning to take off. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09

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Celanese signs MOU with PERTAMINA to advance fuel ethanol projects in Indonesia using TCX process

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TCX builds on Celanese’s acetyl platform and integrates new technologies to produce ethanol using basic hydrocarbon feedstocks—natural gas, coal and pet coke now, with biomass and waste planned for the future. Celanese and Pertamina expect to complete this phase of the MOU by the end of 2013.

Indonesia 186