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3 Oil Majors That Bet Big On Renewables

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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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Other includes landfill gas, biomass, and other gas. Reciprocating engines tend to be smaller than other types of natural gas-fired electricity generators and account for a relatively small share of power plants fueled by natural gas. MW natural gas-fired engines for a total plant capacity of 225 MW.

Gas 348
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US shift toward wind and solar will cut coal, make EVs cleaner

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Increased use of renewable energy will help reduce electricity generation from coal and natural gas power plants, according to the U.S. The EIA forecasts that wind and solar will together account for 16% of total electricity generation in 2023, up from 14% in 2022 and 8% in 2018.

Cleaner 160
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Australia’s Jemena to supply green hydrogen to Hyundai from 2021; Green Gas project

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Leading Australian energy infrastructure company Jemena has signed a new deal to supply Australia’s emerging zero emission vehicle industry with renewably generated green hydrogen. Jemena’s Managing Director, Frank Tudor, said the deal will make hydrogen gas generated from solar and wind power available to the vehicle industry.

Hydrogen 321
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Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

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While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

Renewable 419
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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China. Solar and wind generation grew at double-digit pace, with solar alone increasing by 31%. to 33 Gigatonnes (Gt) in 2018.

2018 207
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Repsol produces renewable hydrogen from biomethane from urban solid waste

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Spain-based energy and petrochemical company Repsol has produced renewable hydrogen using biomethane as raw material for the first time. This renewable hydrogen was used to manufacture fuels with a low carbon footprint, such as gasoline, diesel, or kerosene for aviation. Repsol has had a circular economy strategy in place since 2018.

Waste 199