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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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Successful demonstration of FlexMethanol conversion of wind power to methanol

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In Germany, BSE Engineering and the Institute for Renewable Energy Systems at Stralsund University of Applied Sciences (IRES) have demonstrated the conversion of wind power into renewable methanol. Operation of this technology under dynamic conditions will be confirmed during a year-long test.

Wind 357
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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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Because these units can start and stop quickly and operate at partial loads, they have become increasingly important in areas with high shares of renewable electricity generation from wind and solar. Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. MW of capacity.

Gas 348
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More solar energy was added in 2016 than natural gas or wind

Green Car Reports

Renewable-energy growth has accelerated in 2016, but this may go down as a milestone year for one renewable-energy source in particular. Together, all renewable-energy sources are expected to account for 8 percent of U.S.

2016 158
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California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

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In 2017, emissions from GHG emitting activities statewide were 424 million metric tons of CO 2 equivalent (MMTCO 2 e), 5 MMTCO 2 e lower than 2016 levels and 7 MMTCO 2 e below the 2020 GHG Limit of 431 MMTCO 2 e. Compared to 2016, California’s GDP grew 3.6% In-State Hydro, Solar, and Wind Electricity Generation.

2017 230
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Two-thirds of world's new energy capacity in 2016 was renewable: IEA

Green Car Reports

For years, renewable energy has been cast as the most expensive option to reduce emissions and the world's reliance on fossil fuels. But 2016 may have marked a turn for the renewable energy sector, with solar energy in particular rising significantly in output.

Renewable 145
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

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