- Preliminary results from Mexico’s latest energy auction have broken the record for solar costs. According to Electrek, Italian developer Enel pitched two solar lots at $17.70/MWh, or just 1.77¢/kWh, the lowest bid achieved anywhere in the world so far. The Mexican government said the average price in the auction was $20.57/MWh. [Greentech Media]
- The chances of a hurricane flooding parts of Texas, like Harvey did, have soared sixfold in just 25 years because of global warming and will likely triple once again before the end of the century, a study says. What was once an extremely rare event, 20 inches of rain over a large area of Texas, could soon be almost common. [The Japan News]
- Bloomberg New Energy Finance released a report forecasting thats the global energy storage market will “double six times” from now to 2030, from less than 5 GWh last year, to more than 300 GWh and 125 GW of capacity by the end of the next decade. An estimated $103 billion will be invested in energy storage over that period. [Greentech Media]
- Transitioning quickly to wind, rather than gas, would be more cost-effective and decarbonise Europe’s energy sector more quickly, a report finds. The fall in the cost of renewables has gone far beyond all expectations, tipping the economics in favor of decarbonization, but it requires good policy, according to experts from Artelys. [Offshore Wind Journal]
- TechCrunch reports that Uber has struck a deal with Volvo to purchase 24,000 self-driving XC90 SUVs beginning in 2019. The SUVs will be equipped with autonomous driving systems developed by Uber and integrated into the XC90s at the Volvo factory. The contract, which runs from 2019 through 2021, is valued at $1.4 billion. [CleanTechnica]
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