Remove Cheap Remove Cost Of Remove Russia
article thumbnail

IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

Green Car Congress

UGES generates electricity when the price is high by lowering sand into an underground mine and converting the potential energy of the sand into electricity via regenerative braking and then lifting the sand from the mine to an upper reservoir using electric motors to store energy when electricity is cheap. Dabek, P.B., Brandão, R.,

article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. from the Bakken shale) are developed, but increasing reliance on oil imports elsewhere heightens concerns about the cost of imports and supply security. Potential savings of natural gas alone, at 180 bcm, are close to Russia’s net exports in 2010.

Oil 247
article thumbnail

Why the massive influx of Chinese EVs will end in tears | Opinion

EV Central

Oh, and there’s a cost-of-living crisis. However, that’s mainly thanks to its super-cheap Tiggo 4 Pro SUV ($23,990 drive-away), not an electric car. Much of that growth has come from China selling cars to Russia over one million in 2024 when everyone else withdrew over its invasion of Ukraine.

Chinese 98
article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Russia might align with China. Oil-producing countries in the Middle East, Russia and Africa see political turmoil as government coffers empty. Geopolitical friction is low.

Carbon 207
article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.

Hydrogen 221
article thumbnail

Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

The war between Russia and Ukraine is making a lot of high-tech military systems look like so many gold-plated irrelevancies. In early May, Russia attributed explosions at the Kremlin to drones sent by Ukraine for the purpose of assassinating Vladimir Putin, the Russian leader. Unlike the fighters, though, they got cheap again.

Ukraine 110
article thumbnail

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia might even become, miraculously and temporarily, less intransigent, and Europe might then welcome status quo ante. Economically punishing Russia is difficult to do, for a variety of reasons. Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive.

Ukraine 130