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3 Oil Majors That Bet Big On Renewables

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Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. ENI also says that its renewable projects will achieve an installed capacity of 3 GW in 2023 and 5 GW in 2025. Further, natural gas can be used to keep the power grid stable as solar and wind power fluctuate.

Oil 418
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Australia Goes All-in on Green Hydrogen

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And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. The 124-megawatt solar plant adjacent to Korea Zinc’s Townsville refinery, completed in 2018, cut a quarter of the coal-heavy grid power it had been using to run its power-intensive electrolytic process.

Australia 145
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How to Prevent Blackouts by Packetizing the Power Grid

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That need for balance is true of electric power grids, too. Spiking demand for electric heat collided with supply problems created by frozen natural-gas equipment and below-average wind-power production. That would mean installing vast amounts of energy storage, such as. unprecedented and deadly winter freeze.

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How to Hasten India’s Transition Away From Coal

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For instance, just 8 percent of Indian homes had air-conditioning in 2018, but that share is. While electricity from older coal plants in India costs 2.7 cents per kilowatt-hour, and wind power to 3.4 As renewable energy has steadily gotten cheaper, the installed capacity has grown, to 110 gigawatts.

Coal 83