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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

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Harvard team finds large-scale US wind power would cause warming that would take roughly a century to offset

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All large-scale energy systems have environmental impacts, and the ability to compare the impacts of renewable energy sources is an important step in planning a future without coal or gas power. In the journal Joule , Harvard researchers report the most accurate modelling yet of how increasing wind power would affect climate.

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. In the US, coal and gas are still cheaper, at $65 per MWh, against onshore wind at $80 and PV at $107.

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Fossil Fuels Renewable Energy and EV Modern Life

Setec Powerr

In any case, when we switch from fossil fuels to renewable energy, we reduce but do not eliminate environmental damage. Current versions of renewable energy such as solar cells and windmills do far less damage to the environment than oil rigs, fracking, and strip mining, but they do damage the environment.

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EPIC: state-level renewable electricity mandates increase electricity prices up to 17% over 12 years; cost more expensive than benefit

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As states take the lead in confronting climate change, a flagship policy is often Renewable Portfolio Standards (RPS). RPS programs, which require that a certain percentage of the state’s electricity come from renewable sources, currently cover 64 percent of the electricity sold in the United States.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The total also accounts for the GHG emissions from manufacturing solar panels and wind turbines that produce renewable electrical power to fuel battery EVs, as well as energy losses in electricity transmission and EV charging. Source: The ICCT. Life-cycle GHG emissions for global typical medium-size passenger cars registered in 2030.

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New long-duration, extended capacity Na-Al battery design for grid storage

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The new battery design could help ease integration of renewable energy into the electrical grid at lower cost, using Earth-abundant metals, according to a study just published in Energy Storage Materials. In comparison, the energy density for lithium-ion batteries used in commercial electronics and electric vehicles is around 170–250 Wh/kg.