- Solar power prices have been dropping faster than people expected, even faster than experts expected, and even faster than bullish experts expected. A leading expert at Bloomberg New Energy Finance said that their expectations have dropped to about 37¢/watt. At this price, the cost of electricity from new solar PVs can be disruptive. [CleanTechnica]
- South Australia’s first green hydrogen plant, one of the biggest of its kind worldwide, will be built near Port Lincoln. The plant will use solar and wind energy from Eyre Peninsula to create hydrogen to be used for fuel for electricity. Proponents say the industry could eventually surpass the value of Australia’s multi-billion-dollar gas exports. [InDaily]
- With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency mining companies have established a base in Iceland, which blessed with abundant renewable energy. Iceland is expected to use more energy mining bitcoins and other virtual currencies this year than it uses to power its homes. [Independent.ie]
- As expected, half of the power output from the proposed Burrillville, Rhode Island, fossil-fuel power plant was excluded from the recent power-purchase auction held by the operator of the New England power grid, ISO New England. The exclusion from the bidding was ultimately because of construction and permit delays. [ecoRI news]
- South Australian energy storage company 1414 Degrees spent almost a decade developing its Thermal Energy Storage System technology to store electricity as thermal energy by heating and melting containers full of silicon at a cost estimated to be up to 10 times cheaper than lithium batteries. It is now building a plant near Adelaide. [Climate Control News]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
Source: Green Events
February 12 Green Energy News