The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts (GW) or 62 per cent of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.

Renewable Power Generation Costs in 2020 shows that costs for renewable technologies continued to fall significantly year-on-year.

Majority of New Renewables Undercut Cheapest Fossil Fuel on Cost Tweet | Devamı>>>

Researchers can currently test tens of thousands of potential catalysts a year but Facebook and Carniegie Mellon believe they can increase the number to millions, or even billions, of catalysts with the help of AI.

Electrocatalysts can be used to convert excess solar and wind power into other fuels, such as hydrogen and ethanol, that are easier to store. However, today’s electrocatalysts are rare and expensive, with platinum being a good example, and finding new ones hasn’t been easy as there are billions of ways that elements can be combined to make them.

Facebook to Use Artificial Intelligence in Bid Renewable Energy Storage | Devamı>>>

Shortly after the global COVID-19 pandemic really took hold early this year, the energy and environment-focused news media became suddenly filled with boosterism stories about the supposedly accelerating Energy Transition. These stories all pushed the thesis that pandemic and its resulting bust in oil prices would somehow accelerate the flow of capital into renewables and electric vehicles (EVs) to the detriment of fossil fuels.

This all seemed to be a bit counter-intuitive to me for a couple of compelling reasons.

Is The Energy Transition Really Accelerating? | Devamı>>>