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My last EV post was a little over a month ago. In this Post we will continue to look at various future mainstream EVs plus go up-market (to the heavies) and down-market (to the tiny, hyper-efficient EVs). Also, we will look at some early payoff from the Inflation Reduction Act of 2022 (IRA), as EV manufacturers start expanding their U.S. facilities to take advantage of the IRA’s tax..
Energy Central…
The post IHS: Natural Gas Prices Will Fall Below $ 2/MMBtu in 2020 appeared first on POWER Magazine.
Average natural gas prices at Henry Hub in 2020 could fall to below $ 2/MMBtu —a level “not seen in decades”—owing to a persistent oversupply, a new report from information and analytics firm IHS Markit suggests.
Prices could fall despite strong demand for natural gas, both domestically, including for power generation, as well as for exports. Demand for gas has increased 14 billion cubic feet per day (Bcf/d) annually on average over the past two years, and the U.S. is expected to export an additional 3 Bcf/d of liquified natural gas (LNG) in 2020. IHS forecasts that nearly all growth in U.S. natural gas demand over the next few years will come from LNG exports to other countries.
Production, however, has grown by more than 14 Bcf/d since January 2018, and IHS Markit expects production will average more than 90 Bcf/d in 2019 and 2020.…
A new report released July 31 details continued growth in global energy storage, driven by lower costs for lithium-ion batteries.
Research company BloombergNEF (BNEF) in its latest forecast published Wednesday said energy storage installations worldwide will grow across the next two decades, from the 9 GW/17 GWh of capacity deployed as of last year, to 1,095 GW/2,850 GWh by 2040, as battery costs fall by half by 2030 compared to today’s levels. It said two markets—stationary storage and electric vehicles—will drive demand for batteries.
BNEF said most of the new energy storage capacity for the power market is likely to be grid-scale.
Yayoi Sekine, a co-author of the report, in a news release said the latest research has “two big changes,” noting that “this year … we have raised our estimate of the investment that will go into energy storage by 2040 by more than $ 40 billion,” with BNEF forecasting $ 662 billion will be invested in storage over the next 20 years.…