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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.

Oil 418
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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. Other includes landfill gas, biomass, and other gas. Based on data in EIA’s Preliminary Monthly Electric Generator Inventory, reciprocating engines accounted for 1% of the total natural gas-fired power fleet.

Gas 348
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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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Japan’s New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co., Japan’s New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co.,

Low Cost 450
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CARB publishes 2020 CI values for electricity as transportation fuel: average 82.92 gCO2e/MJ, up from 2019

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The California Air Resources Board (CARB) Executive Officer has certified the 2020 annual update to the carbon intensities (CI) of the lookup table pathways for a) California Average Grid Electricity Used as a Transportation Fuel in California and b) Electricity Supplied under the Smart Charging or Smart Electrolysis Provision.

2020 383
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Tesla Megapack-powered BESS at Moss Landing commissioned to PG&E’s grid

Teslarati

Today, Pacific Gas and Electric announced that it has commissioned its 182.5-megawatt megawatt Tesla Megapack battery energy storage system (BESS) located at Moss Landing, which officially certifies the project to join the company’s grid. MW for up to four hours during times of high demand.

Grid 98
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ITM Power to study large-scale production of renewable hydrogen in British Columbia; export to Japan and California

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The British Columbia Government Ministries of Energy, Mines and Petroleum Resources and Jobs, Trade and Technology has awarded ITM Power a grant to undertake a Power-to-Gas (P2G) feasibility study. The project is due to commence in Q2 2018 and has a duration of 12 months. and G&S Budd Consulting Ltd.

Hydrogen 186
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Japan V2G demonstrator project using EVs as virtual power plant resource; METI funding

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Seven companies—Tokyo Electric Power Company Holdings, Inc. TEPCO Power Grid, Inc.; Mitsubishi Motors Corporation (MMC); SHIZUOKA GAS Co., Scope of demonstration system to be built in FY 2018. Japan is promoting the adoption and expansion of renewable energy sources as a measure to reduce greenhouse gases.

Japan 218