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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.
The Hydrogen Council has published a new report, Path to Hydrogen Competitiveness: A Cost Perspective , demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected. Drop in the cost of components for end-use equipment under scaling up of manufacturing.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. It measures the social cost in US dollars of adding a ton of CO 2 to the atmosphere. —Cruz & Rossi-Hansberg.
Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%
The use of their own infrastructure usually offers advantages in terms of total cost of ownership (TCO), as no additional operator is involved. The third area deals with the optimization of the total cost of ownership (TCO). Global electric truck portfolio at Daimler Trucks.
Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. billion tonnes, accounting for 33% of the global total. billion tonnes. billion tonnes.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Our conclusions are stark for fossil fuel use in road transport.
The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. The cells use a proprietary low cobalt chemistry and ongoing technological and manufacturing breakthroughs will drive costs even lower. Photo by Steve Fecht for General Motors).
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.
A new study from Juniper Research forecasts that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 Home wallboxes are convenient and lower cost than alternatives, with the onus being on both car manufacturers and governments to support home charging roll-outs to secure the future of electric mobility.
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 countries accounted for one-third of global GDP in 2019. Such low renewable hydrogen costs could completely rewrite the energy map.
Power Global and Rap Eco Motors partner to deliver 50,000 made-in-India electric auto-rickshaws built upon the swappable eZee module. Power Global’s domestic battery production plant in Greater Noida is slated to be the country’s largest leading in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules annually.
Global transportation is currently responsible for 16% of GHG emissions, with a significant portion from road transport. In Canada, 10.5% of these emissions come from freight transportation.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5
The new technique—called Underground Gravity Energy Storage (UGES)—proposes an effective long-term energy storage solution while also making use of now-defunct mining sites, which likely number in the millions globally. The investment costs of UGES are about 1 to 10 US$/kWh and power capacity costs of 2.000 US$/kW.
A new study from Juniper Research has found MaaS (Mobility as a Service) will generate fuel cost savings of $10.8 billion by 2027 globally, increasing from $2.8 The research predicts that consumers will turn to MaaS as fuel costs increase globally. billion in 2022—a growth of 282%.
Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, according to a new survey commissioned by ABB Robotics. The survey highlighted how the rising cost of raw materials (62%) had already overtaken energy costs (59%) as the industry’s chief concern.
This project is part of ArcelorMittal’s new global 25% CO 2 2030 emissions reduction target which was announced yesterday in our second climate action report. The company recently published its second group Climate Action Report in which it set a new 2030 global carbon emissions intensity reduction target of 25%.
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 The cost of geopolitics. Closing this 2.7
The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.
a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. With our leading fuel cell technology, we are working closely with partners to scale up hydrogen production in the US and globally.
Auckland (NZ) Transport is beginning a 2-year trial of a 3-axle hydrogen fuel cell bus.The trial will assess operational performance how operating costs compare to diesel and electric buses of similar configurations. The trial will cost $1.175 million. The bus carries 43 seated and 31 standing adults.
Due to the central role of water splitting in a sustainable energy economy, the cost efficiency of this process is crucial and even one percent could save billions of dollars. The analysis found that the energy requirements, the capital, and the operating costs of seawater desalination are marginal compared to those of water splitting.
With new low-cost Chinese flooding global markets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico.
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. of global greenhouse gas emissions (or about 1.4% Generation 2.
Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., The funds will also support H2X Global’s planned listing on the London Stock Exchange. to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.
The study also confirmed that an aluminum top hat would require fewer components and joints than its steel counterpart, helping to reduce the time and cost of vehicle assembly. Working with global automakers, Alumobility will help fulfill the promise of a lighter, more efficient, more sustainable mobility future.
Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.
According to recent studies, the global green hydrogen market size was valued at US$0.3 According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg billion in 2020. It is growing at a CAGR of 54.7% from 2021 to 2028 and is projected to reach US$9.8
Last month, the Committee on Climate Change published a report— Net Zero: The UK’s Contribution to Stopping Global Warming —which concluded that “net zero is necessary, feasible and cost effective.” Energy cost of metal production: This choice of vehicle comes with an energy cost too.
The global market for lithium-ion battery separators was an estimated $5.1 Optodot has collaborated with a range of companies, including global automotive OEMs and leading battery companies. —George Palikaras, President and CEO META. billion in 2021 and is projected to reach $9.0 Separator shipments were about 5.5
Starting at about $45,000, the R2 is about half the cost of its current R1S and R1T models. It will also help take the brand global as Rivian plans to take the R2 overseas. Rivian (RIVN) is betting big on its upcoming midsize R2 electric SUV. CFO Claire McDonough confirmed the company is working around the clock to launch R2.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
Tesla’s next-gen platform is also expected to bring the costs of electric cars down further , allowing the company to compete in markets that are currently only populated by the world’s largest automakers. The post Tesla has delivered over 6 million vehicles globally appeared first on TESLARATI.
Up to 13 million metric tons of plastic enter the ocean each year, threatening marine life and polluting shorelines, according to Pew Charitable Trusts, a global nongovernmental organization. Those same qualities contribute to creating ghost nets, a fatal and growing threat to marine life.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8
We are running out of time to limit global warming. With the US government’s significant investment and more players entering the hydrogen market, the total cost of ownership (TCO) for fuel cell electric vehicles will drop significantly in the coming years, Hyundai says. million km as of 30 April 2022.
The results suggest a transformative opportunity to unlock the Gulf’s potential as a cost-effective source of low-carbon hydrogen for Europe. With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products.
The new Service Station can save costs on hydrogen production, storage and transportation by more than 20% compared to traditional hydrogen refueling stations; it is intended to become a pilot model to lead the development of China's hydrogen energy industry.
—Jason Ryska, director, global manufacturing technology development. In addition to 3D printers, the method can be applied to a vast array of robots already working at the company to increase efficiency and reduce cost. Not only does this increase throughput, it reduces the cost of custom-printed products.
The study highlights that solar powered green hydrogen is economically viable and can be produced at less than €2 per kilogram—cheaper than traditional fossil fuel energy—and cater for local energy demand as well as allowinf green hydrogen to be exported to global markets. This is equivalent to energy costs of US$60 a barrel.
Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis. In addition, the ability to use heat, which is a much lower cost source of energy than electricity, further improves the economics of green hydrogen production. By using less electricity, hydrogen production is more economical and accelerates adoption.
End users benefit from lower total cost of ownership in a variety of applications through the more efficient use of power, reduced cooling requirements, and industry-leading reliability. Wolfspeed’s 650V silicon carbide MOSFETs are available now in surface mount and through-hole packages.
Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Electric vehicles are a powerful tool in reducing global CO2 emissions from the transport sector. Yet, the rising cost of batteries will not derail near-term EV adoption.
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