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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. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. 1 Equinor. 2 Total SA.

Oil 418
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Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

Green Car Congress

Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. However, a significantly lower carbon footprint is achieved when charging the car with renewable electricity, such as wind power.

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Klimatklivet awards Liquid Wind €15M toward production of eMethanol

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Swedish Climate Leap, “Klimatklivet”, is investing €15 million in power-to-fuel Liquid Wind’s facility, FlagshipONE, producing eMethanol. The aim of their initiative Climate Leap is to support local and regional investments that reduce emissions of carbon dioxide and other gases that affect the climate. Earlier post.).

Wind 440
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

Honda 299
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European Union adopts strategies for energy system integration and hydrogen; Clean Hydrogen Alliance

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The two strategies present a new clean energy investment agenda, in line with the European Commission’s Next Generation EU recovery package and the European Green Deal. A network of one million electric vehicle charging points will be among the visible results, along with the expansion of solar and wind power.

Hydrogen 339
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EU investing €1.8B in 17 large-scale clean tech projects

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billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. residue streams, renewable hydrogen and biogas to methanol. Another one will produce 15,500 tonnes of renewable hydrogen per year. Another one will produce 15,500 tonnes of renewable hydrogen per year.

Clean 334