Blue hydrogen is created from fossil sources, where the carbon emissions are captured and stored. Green hydrogen is made from non-fossil sources and favoured by policy makers who are wary of keeping the fossil economy going, even with CCS. As more regions commit to hydrogen, finding the right cost-optimal mix is crucial to its success. Schalk Cloete summarises his paper that models the whole system based on Germany. Integrating hydrogen will … [Read more...]
Archives for November 2020
Chinese energy institutes present new net-zero scenarios for 2050
It was just one sentence, in September, from China’s President Xi Jinping: “We aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.” Already, leading Chinese energy institutes have presented two scenarios that lay out what needs to be done to meet that goal. Writing for Carbon Brief, Lauri Myllyvirta reviews the plans. Both aim for over 85% of all energy and more than 90% of electricity coming from non-fossil … [Read more...]
Battery innovation must drive the 50-fold increase in storage capacity needed by 2040
The IEA has set the storage sector a challenge. It says the world will need 10,000 GW-hours of batteries and other forms of energy storage by 2040, a 50-fold increase on today. The good news is that a joint study by the European Patent Office and the IEA reveals electricity storage patenting activity has grown 14% a year over the past decade. Here the IEA summarises the findings of its comprehensive report. It explains that Japan and Korea lead, … [Read more...]
Analysis shows Wind and Solar costs will continue to fall dramatically throughout the 2020s
Michael Taylor at IRENA has summarised its latest studies that show how the cost of renewables are set to continue declining dramatically through to 2030. We all know how those costs declined in the last ten years. Going forward, the weighted average cost of electricity in the G20 countries from offshore wind could fall by almost 50% by 2030 from 2019 levels, onshore wind by around 45%, utility-scale solar PV by up to 55% and concentrated solar … [Read more...]
How will China build its Hydrogen economy?
What are China’s hydrogen prospects? That’s the question Kevin Tu at the IFRI Center for Energy & Climate attempts to answer in a report that he summarises here. He points at the growing number of policies that show China is taking hydrogen very seriously. China wants to expand production as well as build up end uses in transport, steel and cement manufacturing, and storage. The main drivers are the Covid pandemic, energy security, the … [Read more...]
WEO 2020 means updated price predictions to 2040: Oil, Gas, Coal, Renewables, Power
The combined effect of the global lockdown, more ambitious climate policies and the rise of renewables will have a significant effect on European power prices up to 2040, as well as the sales revenues of renewable energies. Carlos Perez-Linkenheil at Energy Brainpool uses their Power2Sim model to look at the data in the IEA’s latest World Energy Outlook 2020 and make quantitative forecasts. The pandemic has caused structural distortions to the … [Read more...]