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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Success in meeting the tripling goal will hinge on this.”

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US Renewable energy sources surpass coal generation

Teslarati

Energy Information Administration (EIA) revealed that the United States generated more electricity from renewable energy sources than coal last year. According to the EIA, declining costs and rising subsidies contribute to renewables displacing fossil fuels. electric power demand through 2050 in all cases,” noted the EIA.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

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Tesla Megapack battery turns on to replace Hawaii’s last coal plant

Baua Electric

A Tesla Megapack battery system has officially turned on to replace Hawaii’s very last coal power plant. In early 2022, we reported that Tesla is deploying Megapacks at a new energy storage project that will replace Hawaii’s last remaining coal plant. It will enable better use of the state’s increasing renewable energy.

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Renewables provided almost 30% of US electrical generation in March

Baua Electric

Photo by Kindel Media on Pexels.com Renewables are now the second-largest source of US electrical generation behind natural gas, which averaged a 40.5% The US Energy Information Administration’s (EIA) newest “Electric Power Monthly” report (with data through March 31, 2024) reports that utility-scale and small-scale (e.g.,

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ARPA-E awards $42M to 12 projects for advanced EV batteries; EVs4ALL program

Green Car Congress

The US Department of Energy (DOE) will award $42 million to 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles (EVs). National Renewable Energy Laboratory will assess data and parameters representing the risks of next generation cells. Award amount: $3,198,085).

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