Fossil fuel prices may be dropping, but according to new reports from Bloomberg’s New Energy Outlook, those prices will not affect the future of renewable energy.

According to the report, renewables are on pace to attract $7.8 trillion in investments by 2040. That’s nearly four times the amount that Bloomberg expects carbon-based power to attract over the same period of time.

Experts expect the relatively low fossil fuel prices to by offset by projected price drops of up to 60 percent in wind and solar technologies, making renewables the most efficient and most affordable option.

“Strikingly, [the report] still shows rapid transition toward clean power,” says Jon Moore, chief executive of Bloomberg New Energy Finance.

However, that transition may not be fast enough to counteract the effects of climate change. In order to keep the global temperate change below 2°C – a point that was emphasized in the Paris agreement – an additional $5.3 trillion would have to be invested in zero-carbon power on top of the $7.8 trillion.

The landscape of Bangladesh is lined with tin huts and a practically invisible energy grid. Over 70 percent of the country’s population lives without power, and in a location that approaches 45°C (113°F) in the summer months, that could mean unbearable and dangerous living conditions.

Enter the zero-electricity cooler: Eco-Cooler. Built with re-purposed bottles, the panels use the simple concept that as hot air passes through the wide end of the bottle, it will cool as it is compressed and pushed out of the narrow end into the home. So far, families have seen temperature drops of five degrees after using the devices.

“After initial tests, blueprints of the Eco-Cooler were put up online for everyone to download for free.” Sayed Gousul Alam Shaon, managing partner of the project said in a release. “Raw materials are easily available, therefore, making Eco-Coolers a cost-effective and environmentally-friendly solution.”

A new study has emerged from Lawrence Livermore National Laboratory demonstrating that through the combination of biology and 3-D printing, scientists can turn methane into methanol.

In recent years, methanol has shown a lot of promise as a clean burning fuel. According to the U.S. Environmental Protection Agency, the alcohol’s high-performance and low emission levels could make it an ideal alternative to gasoline for cars.

On the other hand, methane is a potent greenhouse gas that is adding to the acceleration of climate change. While the chemical compound does not stay in the atmosphere as long as carbon dioxide, it is 84 times more potent due to its ability to effectively absorb the sun’s heat and warm the atmosphere. In fact, methane has outpaced carbon dioxide in climate change impact over the least 100 years, with methane’s impact being 25 times greater.

The development from Lawrence Livermore National Laboratory not only provide a clean burning fuel alternative, it effectively helps combat the pressing effects of climate change.

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How solar panels can save everyone money

When talking about the benefits of solar energy, one challenge always makes its way into the conversation: cost. While many see solar as a costly alternative to conventional means of generating electricity, a study out of Boston University is showing how solar not only saves those who own panels money, but even those who generate electricity conventionally.

According to the study, the 40,000 solar panels deployed in Massachusetts have effectively cut electricity prices for the nearly three million power users in the state (even those households and businesses not utilizing the panels).

“Until now, people have focused on how much was being saved by those who owned PV,” says Robert Kaufmann, professor of Earth and environment at Boston University. “What this analysis quantified was that it actually generates savings for everybody.”

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An odd partnership emerged at the Waste EXPO 2016 as truck manufacturer Mack Trucks and Tesla Motors joined forces to introduce an electrified garbage truck based on Mack’s LR model.

The innovative car manufacturer outfitted the truck with a regenerative braking system, which allows the truck to recharge its battery while it operates.

Because of the frequent stopping and start of a garbage truck’s engine, a significant amount of energy is wasted in its day-to-day operation.

“We don’t make vehicles, we just make powertrains,” said Ian Wright, co-founder of Tesla. “There’s a battery pack that you can charge from the grid, and there’s a range-extender generator which can burn fuel, make electricity and keep the battery pack charged so that you don’t run out of range.”

A team of researchers from Iceland is looking to fight climate change by turning greenhouse gases into rocks.

A recent paper published in Science details how researchers have been able to capture carbon emissions and lock them in the ground, transforming them from harmful atmospheric greenhouse gases to volcanic rock.

“Our results show that between 95 and 98 percent of the injected carbon dioxide was mineralized over the period of less than two years, which is amazingly fast,” said lead author Juerg Matter.

A large majority of all electricity in Iceland come from geothermal energy. While geothermal may seem like a very clean source of energy, it is not carbon dioxide independent.

In fact, the geothermal energy of Iceland produces 40,000 pounds of carbon dioxide every year. That is only about five percent of what a fossil fuel plant of the same size would emit, but research team is looking to work toward a completely carbon dioxide independent economy.

New research from the University of Washington is opening another avenue in the quest for better batteries and fuel cells. But this research is not a breakthrough in efficiency or longevity, rather a tool to more closely analyze how batteries work.

While we’ve come a long way from the voltaic pile of the 1800s, there is still much work to be done in the field of energy storage to meet modern day needs. In a society that is looking for ways to power electric vehicles and implement large scale grid energy storage for renewables, batteries and fuel cells have never been more important.

A research team from the University of Washington – including ECS members Stuart B. Adler and Timothy C. Geary – believes that these improvements will likely have to happen at the nanoscale. But in order to improve batteries and fuel cells at that microscopic level, we must first understand and see how they function.

[MORE: Read the full journal article.]

The newly developed probe offers a window for researchers to understand how batteries and fuel cells really work.

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Researchers from the University of Connecticut are pushing toward a hydrogen economy with the development of a new catalyst for cheaper, light-weight hydrogen fuel cells.

The catalyst — made of graphene nanotubes infused with sulfur — could potentially work to make hydrogen capture more commercially viable.

This development comes during a time where many people are looking to hydrogen in the search for a new, sustainable energy source. While hydrogen may be abundant, it often requires a costly and energy-consuming process to produce. However, if scientists could find an affordable and efficient way to capture hydrogen, it may begin to shift society away from the fossil fuel-driven economy toward a hydrogen economy.

The material developed by the University of Connecticut professors currently shows results that are competitive with some of the top materials traditionally used in these processes, but at a fraction of the cost.

The secret lies in the non-metal catalyst that has many of the same electrochemical properties as rare earth materials.

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From televisions screens we can roll up like newspapers to see-through batteries, researchers are moving electronics toward a more flexible, more transparent future.

The most recent development in this area comes from a group that has developed transparent, flexible supercapacitors made of carbon nanotube films. But this development goes far beyond wearable electronics, with potential applications in both energy storage and harvesting.

“Potential applications can be roughly divided into two categories: high-aesthetic-value products, such as activity bands and smart clothes, and inherently transparent end-uses, such as displays and windows,” co-author of the study Tanja Kallio, told Phys.org. “The latter include, for example, such future applications as smart windows for automobiles and aerospace vehicles, self-powered rolled-up displays, self-powered wearable optoelectronics, and electronic skin.”

With the thin films demonstrating 92 percent transparency and high efficiency compared to other carbon-based counterparts, the researchers believe that further improvements to the supercapacitors durability and energy density could make the product commercially viable.

A joint venture between two Japanese companies has embarked on building the world’s largest floating solar project.

The project is estimated to harvest 16,170 megawatt hours per year – enough to power around 4,970 households.

Not only will the floating solar farm – which will consist of 50,904 panels – produce a large amount of renewable energy, it will also play a major role in offsetting over 8,000 tons of carbon dioxide emissions annually (the equivalent of 19,000 barrels of oil).

Japan is making the move to “floatovoltaics” due to the lack of open land suitable for solar farms, but plentiful water surfaces. Proponents believe floating solar farms will be cheaper to produce than their land counterparts due to less strict regulations held on water surfaces.