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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

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.

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Independent study confirms cost savings & emissions advantages for heavy-duty trucks running ClearFlame’s engine technology

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ClearFlame Engine Technologies, a startup developing net-zero engine technology ( earlier post ), announced the publication of an independent study that finds ClearFlame’s technology could help fleet owners and other heavy-duty truck operators lower total costs while meeting sustainability goals sooner than currently available alternatives.

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National labs team delivers techno-economic analyses of H2 DRI scenarios for green steel

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Yet, the lack of established process and business models defining “green steel” make it difficult to understand what the respective H 2 price has to be in order to be competitive with commercial state-of-the-art natural gas DRI. … When using H 2 only for iron ore reduction, economic viability is reached at an H 2 procurement cost of $1.70

Green 355
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China’s first integrated methanol-to-hydrogen and hydrogen refueling service station now in operation

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An upgrade from the previous fueling station offering oil, gas, hydrogen, electric charging services, the integrated complex can produce 1,000 kilograms of hydrogen a day, with a purity of 99.999%. Sinopec’s solution has tackled the bottlenecks of low transport capacities, high costs and long loading times.

Hydrogen 418
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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

Price 476
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The Escalating Costs of Owning a New Car

The Truth About Cars

Photo credit: muk woothimanop / Shutterstock.com The expenses tied to owning a brand-new vehicle have risen significantly, marking a substantial departure from the preceding year when the annual cost stood at $10,728. Depreciation Depreciation, the decrease in a vehicle's value over time, serves as another significant cost component.

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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

Green Car Congress

A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a similarly sized gas-fired power plant. The expansion of electricity networks also requires a huge amount of copper and aluminum. Source: IEA. Source: IEA. Source: IEA.

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