Australia’s leading scientific research group and the country’s energy market operator have released a benchmark study that shows the cost of new wind and solar – even with hours of storage – is “unequivocally” lower than the cost of new coal generation.The joint study – GenCost 2018 – by the CSIRO and AEMO shows that
Vattenfall is to install its maiden electric vehicle charging stations in the UK after clinching an agreement with contracting firm BMM Energy Solutions and South Norfolk Council.And those charge points are to be powered entirely by renewables, using electricity generated by Vattenfall’s fleet of UK wind farm firms.
GENERAL Electric (GE), the American multinational conglomerate, is close to completing the world’s first commercial wind project with integrated power storage.
falling technology costs have pushed the cost of the renewable energy sectors below coal and gas, even in China and India, where until recently, coal was king. as electric vehicle manufacturing scales up to match and eventually supersede production of internal combustion vehicles, battery costs are set to drop another two thirds by 2030 Onshore
Energy secretary Greg Clark has said the UK’s “substantial” pipeline of renewable energy projects could offer a replacement to the capacity lost by the scrapping of Toshiba’s plans for a new nuclear power station in Cumbria.The Japanese company announced last week its decision to close its NuGeneration (NuGen) subsidiary after it failed to find a
A proposal by Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities (IOUs) to deploy large-scale energy storage to replace peaking natural gas plants has been approved by the state’s regulator.Last week, the California Public Utilities Commission (CPUC) issued its approval of three capacity contracts and one power purchase agreement (PPA) for
The UK government is being “environmentally reckless” and not acting on the “tremendous economic opportunities” offered by new generation technologies like tidal and floating wind turbines, according to Labour’s shadow secretary for business, energy and industrial strategy (BEIS).Rebecca Long-Bailey’s piece for LabourList followed chancellor Philip Hammond’s budget speech which was widely pilloried for not making
The UK has reached a “major milestone” in its decarbonisation of the power sector, having witnessed renewables capacity exceed that of fossil fuel generation.The statistic has been reported by Drax’s latest quarterly Electric Insights for Q3 2018. Figures compiled by Imperial College London’s Dr Iain Staffell placed renewables generation capacity at 41.9GW, with fossil fuels
Adoption of green energy will only grow, as technology makes renewables increasingly cost competitive Opponents of renewable energy—a broad church that can stretch from economists lamenting subsidies’ distortion of competitive markets to climate-change-science deniers, and from hydrocarbons industry incumbents to uncompromising single-issue environmental lobbies—have a problem. Their inconvenient truth is that
WORLDWIDE: As technology costs come down, combining wind, solar and energy storage looks like the way to integrate renewables at least cost.