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

Oil 418
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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures. Oldenburg, a Managing Director specializing in renewables investing at Carlyle.

Energy 225
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Williams Advanced Engineering receives award to develop and demonstrate static flywheel energy storage technology for grid stabilization

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Williams Advanced Engineering, the division of Williams that commercializes Formula One-based technologies, has been awarded a grant from the UK Department of Energy and Climate Change’s Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilization.

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Biden sets 2030 net GHG reduction target for US of 50-52% below 2005 levels

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Will Scargill, Managing Energy Analyst at GlobalData, a data and analytics company, commented on achieving the targets: Achieving major reductions in carbon emissions in this decade requires rapid gains and the best way to achieve that will be through electrification. Speeding up this shift will be vital to meeting climate targets.

2005 243
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Opinion: Reinventing fuel-based power for a more secure and resilient grid

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by Toby Gill, CEO, Intelligent Power Generation. With battery storage able to provide a unique role in balancing a renewable electricity grid, Toby Gill, CEO of Intelligent Power Generation, asks could innovations in green hydrogen and biofuel technologies contribute to a more optimized and economical energy mix?

Grid 332
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H2FUTURE building world’s largest green hydrogen pilot plant; targeting the steel industry

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The European H2FUTURE project consortium, comprising voestalpine, Siemens, VERBUND, and Austrian Power Grid, together with the research partners K1-MET and ECN, officially gave the green light to the construction of a 6 MW “green” hydrogen pilot production plant—the world’s largest—at a voestalpine Linz steel plant.

Hydrogen 240
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California Energy Commission awards more than $1.8M additional funding to further UCSD microgrid project; energy storage, EV charging and V2G services are components

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The Commission also approved funding of $220,554 to expand the campus’ burgeoning charging network for plug-in electric vehicles, through the Commission’s Alternative and Renewable Fuel and Vehicle Technology Program, created by Assembly Bill 118. The microgrid award is funded through the Commission’s research and development program.