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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.
The US Department of Energy (DOE) announced up to $64 million in federal funding for cost-shared research and development (R&D) projects under the funding opportunity announcement ( DE-FOA-0002057 ), “Critical Components for Coal FIRST Power Plants of the Future.”. —Assistant Secretary for Fossil Energy Steven Winberg.
This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.
While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.
This will be the world’s first demonstration project in which a large amount of ammonia will be co-fired in a large-scale commercial coal-fired power plant. Ammonia enables efficient, low-cost transport and storage of hydrogen. The project will run for approximately 4 years from June 2021 to March 2025.
Renewable energy is not just better for the environment, it's also becoming cheaper than coal for electricity generation in many parts of the world, according to a new report.
Estimated consumption subsidies, industrial and developing countries, fossil fuels and renewables. Fossil fuel subsidies continue to far outweigh support for renewable energy, according to new research conducted for the Worldwatch Institute’s Vital Signs Online service. Source: Worldwatch. Click to enlarge. in 2020 and 5.8% in 2035.
Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6
DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. CSIRO is excited about the potential for DICE to lower power costs, halve carbon dioxide intensity and create a new export market for both brown and black coal.
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.
By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal. Sourcing renewable energy is a critical component of GM’s plans to decarbonize.
Researchers from SRI International (SRI) are developing a methane-and-coal-to-liquids process that consumes negligible amounts of water and does not generate carbon dioxide. The cost per gallon for the SRI fuel is higher than F-T fuel, however: a calculated $2.81 Lifecycle GHG comparison. Click to enlarge. per gallons vs. $2.14.
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). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.
billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.
The key to this Ocean Renewable Energy Storage (ORES) system is the placement of 30-meter-diameter hollow concrete spheres on the seafloor under the wind turbines. The 1,000 wind turbines that the spheres could anchor could, on average, replace a conventional on-shore coal or nuclear plant. Slocum, A.H.; Fennell, G.E.; Hodder, B.G.;
In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.
Vega Biofuels announced that its Joint Venture (JV) partner, Agri-Tech Producers, LLC (ATP) has developed a new and patent-pending process that significantly reduces the cost of some of the biomass feedstock for the company’s Allendale, SC pilot torrefaction plant by using site remediation biomass.
Producing renewable electricity is cheaper than running old coal plants, a new report from investment firm Lazard shows. can produce power for $29 to $56 per megawatt-hour, compared to $27 to $45 for existing coal-fired powerplants, according to a report last week in the British Financial Times.
The least expensive way for the Western US to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. Click to enlarge.
Concept of the service and mobile app for renewable charging. OnStar and Google are working together to demonstrate a new OnStar service for managing the charging of Chevrolet Volts with renewable energy, using the 17 Chevrolet Volts in Google’s “Gfleet” based at the company’s headquarters in Mountain View, Calif. Click to enlarge.
The Los Angeles Department of Water and Power (LADWP) has taken steps to transition out of the use of coal-fired electricity earlier than mandated by California state law. LADWP currently owns a 21% interest in the 2250 megawatt (MW) Navajo Generating Station, receiving 477 MW of coal-fired power from the plant.
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. Data from the U.S.
Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Germany has embarked on a large-scale Energiewende (energy transition)—a policy-driven shift away from nuclear and fossil energy to a renewable energy economy. These costs are primarily borne by consumers.
In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.
While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.
Benson from Stanford University and Stanford’s Global Climate and Energy Project (GCEP) has quantified the energetic costs of 7 different grid-scale energy storage technologies over time. The Stanford study considered a future US grid where up to 80% of the electricity comes from renewables. Click to enlarge. A new study by Charles J.
If implemented in the UK alone, the system could deliver cost savings of £1.28 We present here a first-principles study of the sector coupling between a thermochemical carbon dioxide (CO 2 ) splitting cycle and existing blast furnace – basic oxygen furnace (BF-BOF) steel making for cost-effective decarbonisation. —Kildahl et al.
Even if you have 100 percent capture from the capture equipment, it is still worse, from a social cost perspective, than replacing a coal or gas plant with a wind farm because carbon capture never reduces air pollution and always has a capture equipment cost. Only when wind replaced coal itself did social costs decrease.
The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has selected four projects for cost-shared research and development under the funding opportunity announcement (FOA), DE-FOA-0002180, Design Development and System Integration Design Studies for Coal FIRST Concepts.
In its 2011 year-end report, Road Map to Renewal , the President’s Council on Jobs and Competitiveness (Jobs Council) made a number of recommendations to create jobs in the short run and improve US competitiveness over the long term. —“Road Map to Renewal”. The federal government should also streamline the permitting process.
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.”
Anticipated price hikes for coal and natural gas could lead to increase use of renewable energy in electricity generation, making both the grid and EVs cleaner, according to new United States Energy Information Administration (EIA) analysis.
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year. The 2Q figure, at $3.9
Liquid Light unveiled its new process for the production of major chemicals from carbon dioxide, showcasing its demonstration-scale “reaction cell” and confirming the potential for cost-advantaged process economics. Large savings in feedstock costs: Liquid Light’s process requires $125 or less of CO 2 to make a ton of MEG.
But that's what's happening with renewable energy now, according to a new report published by Energy Innovation. For most of their history, the knock on renewable wind and solar power is that they cost more than fossil fuels.
A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include synthetic biology company Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal); and Chart Industries, Inc. (a a leader in clean energy solutions).
Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Source: Lux Research.
Electra’s process emits zero carbon dioxide emissions and carries zero green premium, meaning it will cost the same or less than existing production methods powered by fossil fuels. We also have a historic opportunity to decentralize the global iron and steel supply chain and re-shore manufacturing and mining jobs.
The objective of the Hydrogen Production sub-program is to reduce the cost of hydrogen dispensed at the pump to a cost that is competitive on a cents-per-mile basis with competing vehicle technologies. Based on current analysis, this translates to a hydrogen threshold cost of.
The DOE has begun investigating the economic feasibility of recovery of REEs from domestic United States coal and coal byproducts. n FY14, DOE’s National Energy Technology Laboratory (NETL) conducted a preliminary, short-term, baseline field evaluation of coal and coal by-products as potential domestic resources of REEs.
These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.
The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. Click to enlarge. Top: LCOE ranges for baseload technologies at three different discount rates. Source: IEA/NEA.
The solution will lower the cost of hydrogen by being able to run off grid, opening up more and better wind sites. The bulk is obtained from natural gas and coal, emitting 830 million tons of CO 2 per year, more than the entire nation of Germany or the global shipping industry.
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