Tesla makes good on South Australia promise with world’s largest Lithium ion battery

July 7, 2017 by  
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Elon Musk is a man of his word. In March the Tesla CEO tweeted a promise that he would help South Australia solve its energy woes in 100 days with a new power storage system – or give the whole thing away for free. Now he’s following up on that promise, having inked a deal with the State government to build the world’s largest Lithium ion battery. If he can’t finish in 100 days, the energy titan estimates he’ll lose a cool $50 million. “There is certainly some risk, because this will be the largest battery installation in the world by a significant margin … the next biggest battery in the world is 30 megawatts,” Musk said at a recent press conference. According to local news sites , Musk said that Tesla will make an effort to make the 100MW battery storage system aesthetically-pleasing so that it can double as a tourist attraction. This will be the highest power battery system in the world by a factor of 3. Australia rocks!! https://t.co/c1DD7xtC90 — Elon Musk (@elonmusk) July 7, 2017 He said it will look like a series of white obelisks. Tesla’s 129MWh battery system will store energy – produced by a nearby wind farm still under construction by the French company Neoen, providing greater stability and a backup power source when necessary. “You can essentially charge up the battery packs when you have excess power when the cost of production is very low,” Musk said, “…and then discharge it when the cost of power production is high, and this effectively lowers the average cost to the end customer.” Via ABC

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Tesla makes good on South Australia promise with world’s largest Lithium ion battery

Stanford study says fossil-fueled cars will vanish in 8 years as big oil collapses

May 17, 2017 by  
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A new study published by Stanford University suggests that fossil-fueled cars will vanish within eight years – and citizens will have no choice but to invest in electric vehicles or similar technologies. This is because the cost of electric vehicles – including cars, buses, and trucks – will ultimately decrease, resulting in the collapse of the petroleum industry. Led by Stanford University economist Tony Seba, the report has caused spasms of anxiety within the oil industry . Entitled “Rethinking Transportation 2020-2030,” it details how people will ultimately switch to self-driving electric vehicles, as they are ten times cheaper to maintain than cars that run on fossil fuels and have a near-zero marginal cost of fuel. Additionally, EVs have an expected lifespan of 1 million miles. In comparison, most fossil-based cars barely last 200,000 miles. Seba predicts that in less than a decade, it will become very difficult for consumers to find petrol stations, spares or mechanics knowledgeable enough to fix combustion engines. His ultimate premise is that modern-day car dealerships will disappear by 2024 as the long-term price of oil falls to $25 USD a barrel. Those who cling to their outdated cars will probably have to pay to dispose of them in the future, says Seba. In the author’s own words, there will be a “mass stranding of existing vehicles.” Related: Iceland’s “Thor” volcano power plant can generate 10X more energy than oil or gas wells The Sanford researcher is also confident that within the next decade, humans will predominantly rely on self-driving vehicles as they are significantly less dangerous. “We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history,” said Seba. “Internal combustion engine vehicles will enter a vicious cycle of increasing costs. What the cost curve says is that by 2025 all new vehicles will be electric , all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally.” The Professor estimates that the “tipping point” will occur in the next two to three years when EV batteries surpass 200 miles and electric car prices plummet to $30,000 USD. By 2022, the low-end models will be sold for as low as $20,000. Following that, it will be the death of big oil . + Stanford Via Financial Post Images via Pixabay

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Stanford study says fossil-fueled cars will vanish in 8 years as big oil collapses

4 Disadvantages of Solar Energy

March 24, 2017 by  
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Many news outlets have extensively covered the advantages of solar energy, and there are plenty. But very few things in life come with zero downside. Although the cost of solar energy has fallen dramatically in recent years and the technology has…

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4 Disadvantages of Solar Energy

India wants to increase solar output by renting rooftops

February 16, 2016 by  
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In a push to expand the country’s solar power capabilities, Indian electric companies are urging potential customers to rent out their rooftops to host solar panels. Their first target? Large industrial and commercial electricity consumers. Not only do the companies that host the panels end up with a significant discount on their power bill compared to the cost of local utilities, but developers save money on the most expensive aspect of solar development — the cost of purchasing large amounts of land to host their renewable energy projects . Read the rest of India wants to increase solar output by renting rooftops

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India wants to increase solar output by renting rooftops

Here’s how microgrids and utilities are getting along

October 30, 2015 by  
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As the cost of solar goes down and the capacity of energy storage goes up, microgrids are challenging the traditional utility model, which some utilities see as an opportunity.

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Here’s how microgrids and utilities are getting along

Holy Urban Gardening: Baltimore Preaches Gardening UP

October 27, 2015 by  
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As the cost of fuel continues to rise, more and more people are realizing the importance of supporting local businesses – especially local farms. It’s one of the reasons urban gardening is becoming so popular. Not only is it good karma to keep your…

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Holy Urban Gardening: Baltimore Preaches Gardening UP

30% Tax Credit Reduces Cost Of Residential Solar…For Now

September 4, 2015 by  
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Solar energy has had many record-breaking years recently. The price of components has plummeted, production has ramped up, and the U.S. has an attractive federal tax credit that takes a big chunk out of the cost of a solar system. If you are…

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30% Tax Credit Reduces Cost Of Residential Solar…For Now

Questions to ponder as the future electric grid takes shape

July 29, 2015 by  
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Imagining an electric grid where energy is collected from many distributed sources and where the cost of carbon and grid efficiency are reflected in pricing.

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Questions to ponder as the future electric grid takes shape

The case against listening to customers

June 22, 2015 by  
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Customers don’t know the cost and effort it takes a company to change even one ingredient. How can they always be right?

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U.S. Set to Blow $2.8 Trillion by Sitting in Traffic

October 16, 2014 by  
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Congestion will cost the U.S. $2.8 trillion over the next 16 years. It’s a boggling figure – but that’s exactly what a new report by the Seattle-based INRIX and the Centre for Economics and Business Research (CEBR) has found. The direct and indirect costs of staring at tail lights and picking our noses reached $124 billion last year, and that figure is set to rise by 50 percent to $186 billion per year in 2030. Read the rest of U.S. Set to Blow $2.8 Trillion by Sitting in Traffic Permalink | Add to del.icio.us | digg Post tags: autonomous car , cebr , congestion , congestion cost , cost , environmental cost , inrix , Pollution , self-driving car , smart traffic , traffic cost , traffic jam

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U.S. Set to Blow $2.8 Trillion by Sitting in Traffic

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