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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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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

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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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GM makes its largest green energy purchase to date; 50 MW wind deal

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General Motors has made its largest renewable energy procurement to date, purchasing enough wind power to equal the electricity needs of 16 of its US facilities, including business offices in Fort Worth and Austin, Texas, a major assembly and stamping complex in Arlington, Texas, and 13 parts warehouses east of the Mississippi River.

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

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The Joint Proposal would replace the power produced by the two nuclear reactors at Diablo Canyon with a portfolio comprising energy efficiency, renewables and energy storage. 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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Elcora acquires vanadium sites in quest to further position in battery technologies

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This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies. Vanadium’s role in the growing energy grid storage will increase over the coming years. Therefore, the need for energy storage is crucial.

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UL issues world’s first certification for repurposed EV batteries to Nissan/Sumitomo JV

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UL announced that 4R Energy Corporation, a joint venture of Nissan Motors and Sumitomo Corporation focusing on the effective reuse of EV batteries for energy storage systems, is the first organization worldwide to be certified to UL 1974 , the Standard for Evaluation for Repurposing Batteries.

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