Recent blogs have looked closely at various renewable energy sources’ levelized cost of energy (LCOE). This measure has been, and will likely remain, an essential metric when it comes to comparing energy-related projects. A key advantage is that LCOE is expressed in currency per megawatt-hour or kilowatt-hour, and is flexible through its use of each assets’ development and operational parameters.
Hydropower remains one of the least-expensive energy sources. This remains true even despite recent cost increases. Since 2010, hydropower’s global weighted average levelized cost of energy has increased by 27% to around USD 47 per MWh in FY2019. This uptick is due to rising installation costs, which in turn are largely due to new projects being located in more challenging locations.
In September of 1882, the first-ever hydroelectric power plant began operation, marking a milestone in the production of electricity. Nowadays, more than 16% of the worlds electricity demand is supplied by hydropower, making it by far the strongest within the renewable energy sector. This made us look deeper into hydropower and uncover exciting facts, contributing to the success and enormous growth over the last decades.
Earth’s most significant natural resource, capturing 75% of all baryonic mass, is hydrogen. Nonetheless, it has been overlooked for centuries, but what has changed in most recent years? – Hydrogen and the use of the dominant fuel in various sectors, mainly as a power source, is now part of many governmental and private industry policies and plans.
Electrifying is a blog founded by Markus Dirnbacher & Michael Bürger to provide useful and up to date content about renewable energy. This blog is relevant for anyone interested in renewable energies, no matter if you are just getting started, are an informed individual, work in related industries, or are an expert in the field. We include all different kinds of sustainable energy sources, technologies and business opportunities, for our readers. Our goal is to provide reliable information to our audience.