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

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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.

Renewable 399
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3 Oil Majors That Bet Big On Renewables

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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.

Oil 418
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Tesla Megapacks power on at Western Australia’s largest battery yet

Teslarati

Grid operators in Western Australia have turned on a Tesla Megapack project earlier than expected, coming under 18 months since construction began and becoming the state’s largest battery project yet.

Batteries 144
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways. This study uses recent data on industrial-scale battery production and considers regional battery supply chains.

Hydrogen 418
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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. The EIA states that renewables are increasingly meeting power demand.

Coal 143
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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.”

Coal 143
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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