Headline News:
- GTM Research projects 24¢/W solar panels and utility scale fixed-tilt systems costing 70¢/W by 2022. This would open up new possibilities for ultra-cheap power. The cost of electricity from such systems could fall to 1.5¢/kWh or lower. Trump’s solar panel tariffs may delay that goal, but they are set to phase out by 2022. [pv magazine International]
Solar array (Soltec image)
- Two utilities, Vistra Energy Corp and Dominion Energy Inc, which serve about 5.5 million electricity customers in more than a dozen US states, both say they are done building combined-cycle natural gas-fired power plants. Instead, they are building large solar plants, which offer them plentiful and inexpensive electricity. [Reuters]
- General Electric’s shares plunged 7% on May 23, their worst one-day decline since an 8.4% slide in April 2009. The economic health of GE and other the large power equipment makers may hinge on how utilities handle the expected wave of power plant retirements. Mitsubishi said it expects orders for steam and gas turbines to run dry by 2020. [Utility Dive]
- A partnership between Honda Motor and Chinese battery conglomerate Contemporary Amperex Technology to develop a next-generation electric vehicle for the motor company with at least 300 km (186 miles) of range. Based on the Honda Fit, the car would have a price of just over $18,000, and it is expected to be available in 2020. [CleanTechnica]
- The New Orleans City Council signed off on an investigation into the use of paid actors to support an Entergy plan for a new power plant in New Orleans East. The council vote to release a request for proposals for a third-party consultant to look into the matter was unanimous. The council also plans to look into earlier similar incidents. [The Advocate]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
May 26 Green Energy News posted first on Green Energy Times
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