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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. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. 1 Equinor. 2 Total SA.

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Energy storage: the key to a decarbonised future

Setec Powerr

We are transitioning from fossil fuels to renewable energy sources such as wind and solar, and the use of energy storage is becoming more widespread. And with the popularity of electric vehicles, the grid is under more and more pressure, so the demand for energy storage is growing. Battery storage.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. I look at this as a very strategic partnership. —Ilias Belharouak.

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ABB partners with Vigor selects ABB as propulsion and energy storage partner for hybrid-electric ferries

Green Car Congress

American shipbuilding company Vigor Fab LLC has selected ABB as the hybrid-electric propulsion and energy storage system provider for the newest additions to the Washington State Ferry fleet—the largest US ferry system. The first hybrid-electric Olympic Class ferry will join Washington State Ferries’ fleet in 2024.

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PG&E to retire Diablo Canyon nuclear plant by 2025, replace with renewables and energy storage

Green Car Congress

Underpinning the agreement is the recognition that California’s new energy policies will significantly reduce the need for Diablo Canyon’s inflexible baseload electricity output. It includes a PG&E commitment to a 55% renewable energy target in 2031—the highest such voluntary commitment by a major US energy company.

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SMUD Board of Directors adopts climate emergency declaration; carbon neutrality by 2030

Green Car Congress

The SMUD (2020 Sacramento Municipal Utility District) Board of Directors adopted a climate emergency declaration that commits to working toward an ambitious goal of delivering carbon-neutral electricity by 2030. Furthermore, SMUD has reduced the carbon intensity of its power mix, which is now 50% carbon-free on average.

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thyssenkrupp’s water electrolysis technology qualified as primary control reserve in Germany; hydrogen production for the electricity market

Green Car Congress

Operators can now link their plants to the German electricity market via E.ON’s virtual power plant. Earlier tests already demonstrated that our electrolysis plants can produce green hydrogen highly efficiently and with sufficient response speed and flexibility to participate in the energy balancing market. thyssenkrupp and E.ON

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