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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.

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EC JRC finds delivery of large amounts of green hydrogen over long distances could be cost-effective

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The European Commission’s Joint Research Center (JRC) published a policy brief showing that delivery of large amounts of renewable hydrogen over long distances could be cost-effective. This finding is important because access to sufficient amounts of renewable hydrogen at low cost is essential for achieving a climate neutral Europe by 2050.

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Enel Green Power and NextChem sign MoU for green hydrogen production in US

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Enel Green Power, through its North American renewable subsidiary Enel Green Power North America, Inc. The project, which is expected to be operational in 2023, will convert renewable energy from one of EGPNA’s solar plants in the United States into green hydrogen to be supplied to a bio-refinery.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

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Market Integration and Renewable Energy

Energy Institute at HAAS

New research explores the economic benefits of recent transmission investments in Chile. Total installed solar capacity in Chile now exceeds a whopping 4.4 That’s 20% of all the installed … Continue Reading Market Integration and Renewable Energy.

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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram.

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

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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.

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