FuelCell Energy Inc. (FCEL:NASDAQ GM) may soon become the first company to turn a profit producing systems to generate power chemically from natural gas, according to a Bloomberg news report.
Unsubsidised solar and onshore wind are now the cheapest source of new bulk power in all major economies except Japan thanks to falling technology costs.
Combined heat and power (CHP) technology is playing its part in helping Bloomberg achieve the status of world’s most sustainable office building for its European headquarters.
Bloomberg New Energy Finance has forecast continuing cheap coal and gas power but it will not be enough to contain a global transformation to renewables, as wind and solar energy continues to drop rapidly in cost.
Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.
A report from Bloomberg New Energy Finance predicts a change in the energy sectors that will benefit the most from digitalization.