Remove Cost Of Remove Economy Remove Price Remove Store
article thumbnail

BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Summary of the economics of a hydrogen economy.

Hydrogen 221
article thumbnail

Energy researchers: clean US hydrogen economy is within reach, but needs a game plan

Green Car Congress

However, they note, a clean US hydrogen economy will require a comprehensive strategy and a 10-year plan. The Hydrogen Earthshot is necessary to create a hydrogen economy, but it is not sufficient. An H 2 economy already exists, but it involves lots of greenhouse gas emissions. A clean H 2 economy does not exist today.

Hydrogen 199
article thumbnail

DOE researchers investigate economic and environmental impacts of converting wet waste to renewable diesel

Green Car Congress

Given the nature of wet waste resources that requires dedicated waste management practices to collect, store, treat, and dispose of the waste, shifting the waste resources from going through conventional waste management practices to utilization as feedstocks for energy production may represent an avoided cost of waste management and disposal.

Waste 434
article thumbnail

€12M Current Direct project seeks to support marine electrification with swappable containerized battery system

Green Car Congress

Current Direct , a new €12-million research and innovation project funded by the European Commission’s Horizon 2020 program, is proposing an innovative lithium-ion cell optimized for waterborne transport, using novel manufacturing techniques allowing for a consistent cost reduction compared to the current market prices.

Mariner 305
article thumbnail

Huge Tesla Megapack project breaks ground in Queensland

Teslarati

The project will be funded by the Queensland Renewable Energy and Hydrogen Jobs Fund, costing around $330 million. The big battery is said to store enough energy to power over two-thirds of the city of Ipswich for two hours each night as demand increases when the sunsets.

Tesla 138
article thumbnail

UK government launches first Hydrogen Strategy

Green Car Congress

The government says that a booming, UK-wide hydrogen economy could be worth (£900) million (US$1.24 In the UK, a low-carbon hydrogen economy could deliver emissions savings equivalent to the carbon captured by 700 million trees by 2032 and is a key pillar of capitalizing on cleaner energy sources as the UK moves away from fossil fuels.

Hydrogen 321
article thumbnail

CARB releases 2022 draft Scoping Plan update

Green Car Congress

It achieves this goal by building on and accelerating regulations, incentives, and carbon pricing that have been in place for a decade and a half. CARB says that the most significant aspect of the draft plan is the aggressive pace and scale it calls for to reduce reliance on fossil fuels wherever they are currently used in California.