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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.

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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

Mitsubishi Motors Australia CEO Shaun Westcott told automotive media last week at a preview of the new-generation diesel-powered Triton ute that renewable power generation, such as solar, was critical to EVs making sense. Where is Australia for renewable energy power stations?” he asked. “We 2024 Mitsubishi Triton.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

Green Car Congress

The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.

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We Need More Than Just Electric Vehicles

Cars That Think

Driving an EV pushes these problems upstream, to the factory where the vehicle is made and beyond, as well as to the power plant where the electricity is generated. Then there is the fuel cycle—the activities associated with producing and using the fuel or electricity to power the vehicle through its working life. AFP/Getty Images.