Powering The EV Revolution — Battery Packs Now At $156/kWh, 13% Lower Than 2018, Finds BNEF

Credit to Author: Dr. Maximilian Holland| Date: Wed, 04 Dec 2019 20:40:33 +0000

Bloomberg New Energy Finance (BNEF) has released the results of its 2019 Battery Price Survey, finding that industry-weighted average battery pack prices have already fallen to $156 per kWh. This is over 13% lower than the 2018 average ($180/kWh, when adjusted for inflation), and BNEF foresees cost reductions continuing, with $100/kWh potentially being reached by 2023. Let’s dive in

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Latest BNEF Report Finds Levelized Cost Of Renewables Continues To Fall

Credit to Author: Steve Hanley| Date: Thu, 31 Oct 2019 01:30:01 +0000

Bloomberg New Energy Finance reports the levelized cost of renewables continues to fall, with the biggest decline being offshore wind power which is down one third since this time last year,

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California’s Clean Truck Rule: First Of Its Kind & Long Overdue

Credit to Author: NRDC| Date: Mon, 07 Oct 2019 02:35:59 +0000

California officials are gearing up to launch a momentous new rule to tackle one of the largest sources of pollution in the state: medium- and heavy-duty commercial trucks. After years of deliberation and public input, the rule is the first of its kind and long overdue

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Renewable Energy Investment Over Last Decade Tops $2.5 Trillion

Credit to Author: Joshua S Hill| Date: Tue, 17 Sep 2019 18:45:14 +0000

Figures published earlier this month by the United Nations Environment Programme (UNEP) have shown that global investment in new renewable energy capacity between 2010 and 2019 is on course to exceed US$2.6 trillion — led by the solar industry which is expected to end the decade with more gigawatts of power capacity installed than any other generation technology. 

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Renewable Energy Investment Over Last Decade Tops US$2.5 Trillion

Credit to Author: Joshua S Hill| Date: Tue, 17 Sep 2019 18:45:14 +0000

Figures published earlier this month by the United Nations Environment Programme (UNEP) have shown that global investment in new renewable energy capacity between 2010 and 2019 is on course to exceed US$2.6 trillion — led by the solar industry which is expected to end the decade with more gigawatts of power capacity installed than any other generation technology. 

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Investments in Energy Storage Grow as Battery Costs Fall

Credit to Author: Darrell Proctor| Date: Wed, 31 Jul 2019 20:35:17 +0000

A new report released July 31 details continued growth in global energy storage, driven by lower costs for lithium-ion batteries. Research company BloombergNEF (BNEF) in its latest forecast published Wednesday said energy storage installations worldwide will grow across the next two decades, from the 9 GW/17 GWh of capacity deployed as of last year, to […]

The post Investments in Energy Storage Grow as Battery Costs Fall appeared first on POWER Magazine.

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POWER Notebook: Investment in Renewables Down in 1H2019

Credit to Author: Darrell Proctor| Date: Wed, 10 Jul 2019 16:47:21 +0000

Investments in renewable energy projects slowed in the first half of 2019, primarily due to a 39% year-over-year drop in China, the world’s largest renewables market, according to data published July 10 by BloombergNEF (BNEF). BNEF said investments in China dropped to $28.8 billion, the lowest figure for any six-month period since 2013. China is […]

The post POWER Notebook: Investment in Renewables Down in 1H2019 appeared first on POWER Magazine.

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