US energy secretary says hydrogen, battery prices to tumble by 2030
US Secretary of Energy Jennifer Granholm says the US will soon announce a wide-range of clean-energy cost-cutting goals, Kallanish learns from the Biden administration’s Leaders Summit on Climate.
“This is our generation’s moonshot,” she says, noting that the global energy transition will be worth $23 trillion - at a minimum - by 2030.
“Over the coming weeks, we at the Department of Energy will be announcing new goals for bold, achievable leaps in next generation technologies, starting with hydrogen, carbon capture, industrial fuels, and energy storage,” Granholm says. “We’ve already announced a goal of cutting the price of solar in half yet again by 2030 and next, we’ll start lowering the cost of clean, renewable hydrogen by 80% before 2030, making it competitive with natural gas. We’re going to slash battery cell prices in half again, and reduce the need for critical materials, making electric vehicles affordable and maybe even cheaper than gasoline vehicles.”
Early in her presentation, Granholm took a sly shot at the previous Trump administration.
“Many are struck on the status quo,” she says. “But when the winds of change blow, some build walls - and others build windmills.”
President Donald Trump was famously against the building of new wind farms, claiming that they killed outsize numbers of birds and mucked up the view from his seaside golf courses. His signature campaign issue was the now largely-defunct border wall with Mexico.
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Anonymous
Very good overview of the weekly steel market.
Anonymous