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During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.
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. —study co-author Olivia Williams.
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 3. MacFarlane et al.
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.
Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. billion tonnes, accounting for 33% of the global total.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. In this way, raw materials can be used multiple times in a circular economy, thereby conserving natural resources.
There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S.
Hyundai Motor Company and INEOS signed a memorandum of understanding to explore new opportunities to accelerate the global hydrogen economy. Hyundai and INEOS will jointly investigate opportunities for the production and supply of hydrogen as well as the worldwide deployment of hydrogen applications and technologies.
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.
A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.
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.
Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9 —Dr Fatih Birol.
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. GM’s technology can be scaled to meet customer demand much higher than the more than 1 million global sales the company expects mid-decade.
In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —Stephen Nalley.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
An important lever for this is the adjustment and realignment of capacity within its global production network. In addition, the effects of the COVID 19 pandemic on the economy are creating new framework conditions in the market and in this context we are optimizing our global production network. The transformation to the CO?-neutral
Previous models have treated oil producers’ carbon footprint as if all barrels of oil are exactly the same, but with novel extraction technologies there is a great deal of variability in the global oil supply. Everyone knows about these market structures, but by considering it, we show the structure is very important in a globaleconomy.
BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.
liter, twin-turbo, inline, six-cylinder engine, named Hurricane, that delivers better fuel economy and fewer emissions than larger engines while at the same time generates more horsepower and torque than many competitors’ naturally aspirated V-8 and boosted six-cylinder power plants. Stellantis revealed its new, 3.0-liter, of torque).
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. Last ICE in 2038.
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020. Lithium is expected to trade at 484,185.00
Power management company Eaton’s Vehicle Group has developed a series of 48-volt technologies to assist its global on- and off-highway commercial vehicle customers transitioning from traditional 12- and 24-volt vehicle systems to systems that include 48-volt architecture.
Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation, a developer of zero-emissions transportation and energy supply and infrastructure solutions, have entered a strategic relationship focused on moving the hydrogen economy forward.
Dynamic torque integrates seamlessly with all three available drive modes: performance, economy, and extra economy. The engine is available in nine different ratings and can be selected in a High Torque, Economy, Adaptive Gearing or Superdirect configuration.
Decarbonizing current and developing new end-uses, it can abate up to 85 GtCO 2 eq in cumulative emissions by 2050, more than twice global CO 2 emissions in 2021. This research shows that clean hydrogen can deliver up to 85 gigatons in reductions to cumulative CO 2 emissions by 2050, more than twice global CO 2 emissions in 2021.
A preliminary analysis of global data has found that carbon dioxide emissions from fossil fuel sources reached a maximum daily decline of 17% in April as a result of drastic decline in energy demand that have occurred during the COVID-19 pandemic. Percentage change in global daily fossil CO 2 emissions, Jan-May 2020. megatonnes (5.9
Through meaningful engagement with the local community, building out the value chain downstream and around Lithium Valley can drive a just transition for the region, while catapulting the US into a leadership position in the 21 st Century economy. Global electric vehicle market growth is projected to rise from 1.7
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.
KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7 South Korea has been seeking to boost the hydrogen economy as a new growth engine. Korea Gas Corp. trillion won (US$4.01 billion) to build hydrogen-producing facilities by 2030. By 2030, KOGAS expects to supply 1.73 million tons by 2040.
Further, the aluminum top hat can meet or exceed performance criteria while using the same package space as steel, offering an opportunity for weight savings that translates into improved fuel economy and lower emissions on an internal combustion engine vehicle, or greater performance and range or reduced battery size for electric vehicles.
Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.
Driven particularly by the demand of the e-mobility sector, Europe’s share of global battery cell production is forecast to reach almost 15% by 2024, overtaking the US and Asia excluding China. By using that momentum to accelerate the development of the European battery value chain, we are making our economy more resilient to future crises.
With these developments, the potential of regions with abundant offshore wind will become accessible for the hydrogen economy. It is a prime example of enabling us to store and transport wind energy, thus reducing the carbon footprint of economy. —Christian Bruch, CEO of Siemens Energy.
In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine and the countervailing barrage of economic sanctions, the International Energy Agency (IEA) is proposing a 10-Point Plan to Cut Oil Use. The measures would have an even greater effect if adopted in part or in full in emerging economies as well.
sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.
This partnership, along with other collaborations with global industry partners, will help address technical barriers and enable progress in hydrogen and fuel cell technologies across applications and sectors. to strengthen cooperation between the two countries to vitalize the global hydrogen economy.
For the implementation of a sustainable energy economy, the greatest challenge is the weather-depending, fluctuating electricity production of wind and solar power plants. Further, hydrogen is the starting point for the formation of other fuels such as methanol, ammonia, or liquid organic hydrogen carriers.
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
The gasoline direct injection (GDI) engine is one of the most prominent technologies car manufacturers adopted to achieve the fuel economy and carbon dioxide emission goals established in 2012 by the US Environmental Protection Agency. The market share of GDI-equipped vehicles increased from 2.3% in model year 2008 to 51% in model year 2018.
Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries. The partnership is the first in Jaguar Land Rover’s plans to create new circular economy business models for its vehicle batteries.
The partnership across industries will be a stepping stone in bringing the hydrogen economy closer to daily lives. Hyundai Motor will continue to explore various ways to accelerate the hydrogen economy. —Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company.
Wärtsilä’s X-Ahead project is aimed at developing deep expertise of both the technical and business potential of Power-to-X, which will be used to promote a carbon-neutral economy for Finland. It will also act as a base for defining Wärtsilä’s role in this field as part of the global transition to carbon-neutral solutions.
The AP300 SMR is an ultra-compact, modular-constructed unit that leverages the innovation and operational knowledge of the global AP1000 fleet. It will also pave the way toward the hydrogen economy by enabling cost-effective, clean production of hydrogen integrated with the plant.
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