Remove Coal Remove Low Cost Remove Oil Remove Wind
article thumbnail

Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

Green Car Congress

The composite blocks can be made from low-cost and locally sourced materials, including the excavated soil at the construction site, but can also utilize waste materials such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades.

article thumbnail

BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

Green Car Congress

Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Each year, NEO compares the costs of competing energy technologies through a levelized cost of energy analysis.

Wind 207
article thumbnail

DOE awards $35M to 12 ARPA-E projects to reduce methane emissions; 5 on natural gas engines

Green Car Congress

The US Department of Energy (DOE) announced $35 million in funding for twelve projects focused on developing technologies to reduce methane emissions in the oil, gas, and coal industries. Methane from Coal Mine Shafts. Selection amount: $2,881,762). Selection amount: $2,141,876). Selection amount: $4,346,015).

Gas 186
article thumbnail

BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

Green Car Congress

While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Fuel 150
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles.

Renewable 150
article thumbnail

Mad Power thoughts

EV Info

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Energy Solutions.

Power 52
article thumbnail

GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup

Green Car Congress

CoolPlanetFuels’s proprietary biofractionator modules can produce a range of high-value hydrocarbon fuel components at low cost. Today, biofuels are only a tiny portion of that market, but are poised for rapid growth based on concerns about global warming and importing oil. Click to enlarge. —Basil R.

Gasoline 247