The transition to a low-carbon energy system is a few steps closer after two technologies that were immature and hugely expensive only a few years ago saw spectacular gains in cost-competitiveness in the last year. New research from Bloomberg NEF (BNEF) shows that the cost of lithium-ion batteries has fallen by 35% over the past
London and New York, March 26, 2019 – Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by research company BloombergNEF (BNEF) shows that the benchmark levelized
Renewable energy generation hit a record high in 2018, with gas, coal and nuclear all falling.New statistics released by the Department for Business, Energy and Industrial Strategy (BEIS) showed that renewable energy accounted for 27.5% of the UK electricity supply last year, an increase of four percentage points on the previous year.Renewable energy production in
The UK has had something of a rocky relationship with new nuclear in the past few years, but developments in January 2019 pushed it firmly into ‘it’s complicated’ territory, and sent the country scrambling for alternatives.Horizon Nuclear Power, the Hitachi division response for the development of a new nuclear power station at Wylfa in Wales,
For businesses operating complex supply chains and delivering vital services, maintaining a stable and dependable level of power is paramount when it comes to energy storage
Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said.BP today published its outdated Energy Outlook for 2019, revising upwards its forecasts for the penetration of renewables out to 2040.Its Outlook, which establishes four potential scenarios
Solar is to help renewables become the “dominant force” of Great Britain’s energy mix by as early as next year, a new report has found.Energy monitoring firm EnAppSys has said that renewables looks set to become the most prolific source of power in the 2020 calendar year.
A firm generating electricity from wind farms off the Whitstable and Herne Bay coast will install 12 electric vehicle (EV) charging points across the district after winning a contract from Canterbury City Council. Swedish company Vattenfall, which operates the Kentish Flats and Kentish Flats Extension wind farms, agreed a deal with the council in December.
Renewables provided almost one-third of the UK’s total power output in Q3 2018, a record high for that period of the year, boosted by the summer’s heatwave and high wind speeds.That performance also lifted the total share of power from low carbon sources to 56%, another record high for Q3, however this was also aided
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