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Empirically grounded technology forecasts and the energy transition

Decisions about how and when to decarbonize the global energy system are highly influenced by estimates of the likely cost. Here, we generate empirically validated probabilistic forecasts of energy technology costs and use these to estimate future energy system costs under three scenarios. Compared to continuing with a fossil fuel-based system, a rapid green energy transition is likely to result in trillions of net savings, even without accounting for climate damages or climate policy co-benefit...
United Kingdom Lucas Kruitwagen Baillie Gifford Jing Meng World Energy Outlook Oxford Martin School
Source: cell.com

1-MW floating vertical axis wind turbine to be deployed off Norway

Swedish company SeaTwirl says its floating vertical-axis wind turbines have what it takes to dramatically reduce the cost of deep offshore wind energy, and it's signed a deal with Westcon to build and deploy a commercial-scale 1-MW turbine in Norway.
Vastra Gotalands Lan Us Energy Information Administration Levelized Cost Of Energy Lco Information Administration Levelized Cost World Wide Wind

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T-Omega re-thinks floating offshore wind turbines for huge cost savings

Boston startup T-Omega Wind says it's prototyped and tested a unique floating offshore wind turbine that can withstand massive storms, but at 20% the weight and around 30% the price of conventional designs, unlocking the world's best wind resources.
United States Saishuai Dai Jim Papadopoulos Kelvin Hydrodynamics Laboratory T Omega Co Levelized Cost Of Energy Lco

Reliance to acquire US-based solar energy software maker for $32 mn - Jammu Kashmir Latest News | Tourism

New Delhi, Sept 6: Reliance Industries on Tuesday said it will acquire a majority stake in California-based solar energy software developer SenseHawk for USD 32 million (around Rs 256 crore). The acquisition of a 79.4 per cent stake in SenseHawk is part of the conglomerate’s aggressive push into renewable energy to decarbonise its oil and chemical-dominated business. SenseHawk, founded in 2018, develops tools for the solar industry to help companies streamline processes and use automation....
United States New Delhi Mukeshd Ambani Rahul Sankhe Karthik Mekala Saideep Talari

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