Remove Carbon Remove Companies Remove Energy Remove Renewable
article thumbnail

GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

Green Car Congress

General Motors has finalized energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. Sourcing renewable energy is a critical component of GM’s plans to decarbonize. This is the main way through which GM is achieving its renewable energy goal.

GM 321
article thumbnail

Nucor investing in start-up company Electra developing zero-carbon iron technology

Green Car Congress

Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. Electra’s process results in zero carbon dioxide emissions.

Carbon 293
article thumbnail

GM to reach 100% renewable energy in US by 2025, 5 years ahead of schedule

Green Car Congress

General Motors plans to source 100% renewable energy to power its US sites by 2025—five years earlier than previously announced, and 25 years ahead of its initial target that was set in 2016. Sourcing renewable energy is a critical component of GM’s plans to decarbonize its portfolio.

GM 333
article thumbnail

Alcoa exploring technology to reduce carbon emissions in alumina refining; MVR powered by renewable energy

Green Car Congress

The Australian Renewable Energy Agency (ARENA) is awarding Alcoa of Australia $8.8 million) toward testing the potential use of renewable energy in a Mechanical Vapor Recompression (MVR) process for alumina refining. The MVR technology powered by renewable energy could reduce an alumina refinery’s carbon footprint by 70%.

Renewable 221
article thumbnail

Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

Green Car Congress

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing.

Carbon 418
article thumbnail

Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

Green Car Congress

Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.

Chevron 334
article thumbnail

Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

Green Car Congress

The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. —Mohammed Y. Al Qahtani, Aramco Senior Vice President of Downstream.