article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

Oil 418
article thumbnail

Wind-powered offshore enhanced oil recovery concept moves closer to implementation

Green Car Congress

The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. WIN WIN uses a floating wind turbine as a platform for an autonomous water injection system.

Wind 186
article thumbnail

BP selects Tesla batteries for pilot storage project at US wind farm

Green Car Congress

BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in South Dakota. Situated on 7,500 acres in Hand County, Titan 1 Wind Farm is wholly owned and operated by BP Wind Energy.

Wind 150
article thumbnail

BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

Green Car Congress

Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050.

Wind 207
article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.

Russia 458
article thumbnail

Mercedes-Benz EQE SUV makes its debut along with AMG version

Green Car Congress

Mercedes-Benz revealed the latest member of its electric lineup, the EQE SUV—which the company positions as the multipurpose variant of the EQE executive sedan. AMG also presented the 2024 AMG EQE SUV, the performance version of the EQE SUV and the first all-electric performance SUV from Mercedes-AMG. inches shorter.

SUV 293
article thumbnail

Porsche presents Mission R concept electric competition car

Green Car Congress

At IAA Mobility 2021 in Munich, Porsche is presenting the Mission R concept electric car that combines advanced technologies and sustainable materials, such as natural fibre-reinforced plastics, with a passion for racing. The electric motor on the front axle produces up to 320 kW (435 PS) in race mode.

Porsche 417