EIA projects less than a quarter of the world’s electricity generated from coal by 2050

According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the projection period (2018–2050), providing almost half of the world’s electricity generation in 2050. In that same period, global coal-fired generation will decrease 13%, representing only 22% of the generation mix in 2050. EIA projects that worldwide electricity generation will grow by 1.8% per year through 2050.

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Cruise Origin is connected and electric, aims to leave the human-driven car behind

Cruise Origin driverless vehicleGM’s Cruise dedicated a good part of its presentation, of its fourth-generation driverless car called the Cruise Origin, to declaring driving as we know it—and ride-sharing as we know it—obsolete. “This is the end of the human-driven, gasoline-powered single-occupant car, and the beginning of the future—the future…

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Oil declines as market surplus forecast counters Libya worries

Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.

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Record US wind and solar tax equity deal volume foreseen in 2020

Investment could climb to $15bn as developers push extra hard to finish projects to capture value from fading tax credits

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Tesla Slashes Price Of Solar Systems To Counter Drop In Federal Rebate

Ringing in 2020 brought many changes to the US solar industry, including a drop in the US federal incentive for residential solar systems. The tax credit fell from 30 percent of the solar system cost to 26 percent effective January 1st, 2020. This first step-down in the tax credit is a small piece of recognition for just how much the financials for solar have improved over the last 10 years

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Forget DER aggregators, grid-edge intelligence will be the hallmark of the utility of the future

Suzanne Russo, CEO of Pecan Street, has a pretty good grip on the future of the electricity industry. That’s because her organization is designing, creating, testing, and collecting data about new, low-carbon grid-edge intelligent devices in a real-life neighborhood setting. Pecan Street started in 2009 as a neighborhood in Austin, Texas where existing homes were…

The post Forget DER aggregators, grid-edge intelligence will be the hallmark of the utility of the future appeared first on Renewable Energy World.

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Evans laments “blind” early laps for losing Santiago win

Evans scored his first pole of the 2019-20 season – and the second of his FE career – and led the first 18 laps of last weekend’s race in the Chilean capital.
But although his grip on the lead looked secure in the early stages, Jaguar’s pre-mediated plan for Evans to take his two attack mode activations early – on laps eight and 13 of what became a 40-tour event – meant he was …Keep reading

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EIA forecasts crude oil prices will fall in the first half of 2020, then rise through 2021

In the U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021.

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Subaru aims for dramatic CO2 cuts: All hybrids and EVs by mid 2030s

2019 Subaru Crosstrek HybridOutdoorsy, crunchy, and active are surely among the descriptors that Subaru has carefully cultivated into its brand identity and owner base over the years. And while those sound like an ideal jumping point for going electric, Subaru still needs to assure its loyal owner base that leaving its trusty Boxer engines for an all-electric future is a…

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Vergne was “trying to survive” Santiago race

The reigning Formula E champion was recovering from 11th on the grid after a subdued qualifying performance for the team.
On lap five he was battling for seventh with the Mercedes of Stoffel Vandoorne, while also under pressure from Nissan’s Sebastien Buemi.
As the trio approached the Turn 10 hairpin, Vergne was caught in a pincer as he collided with Vandoorne and as Buemi accelerated ahead …Keep reading

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