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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.
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.
Now, Argent has switched its fleet from petroleum diesel to Neste MY Renewable Diesel. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. Our experience has been positive.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,
Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). Source: IRENA. The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5
The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.
A microgrid based on renewable energies with hydrogen-powered fuel cells for emergency and peak power as well as hydrogen combustion engines can meet the special energy requirements of port facilities. It will not only set new standards in cargo handling, but also in climate-friendly energy supply.
Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.
To that end, the current transport system on the island will transition to electric vehicles and renewable power generation. In the long run, Astypalea will strive to become a model island for climate-neutral mobility. The Hellenic Republic supports this transformation within the framework of its National Energy & Climate Plan.
The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.
The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels.
This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
For the first time, renewable raw materials are being converted to Swedish Environmental Class 1 diesel (maximum sulfur content of 10 ppm) at Preem’s refinery in Lysekil. The aim is to annually produce up to 950,000 cubic meters (251 million gallons US) of renewable fuel by 2024. About two-thirds of the products are exported.
Arcadia’s technology matches home energy consumption with renewable energy sources from a variety of US wind and solar projects using renewable energy certificates, all without any installation or disruptions to their utility service. The company has set itself the goal of reducing vehicle-specific CO 2 emissions by 30% by 2025.
In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.
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.
The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand. million vehicles were sold, out of which 12.2%
The rapid contraction in coal usage, attributed to an amalgamation of economic slowdowns, surging renewable deployment, and increasingly cost-competitive. continued] The post India’s Coal & Gas Decline Signals Accelerating Renewable Energy Transition appeared first on CleanTechnica.
Neste and Scania are piloting a digital solution that enables easy follow-up and verification of each truck’s usage of renewable fuels. Customers can compare the climate impact of their use of Neste’s renewable fuels to fossil fuels and track their continuous progress towards climate targets.
Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.
General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC, are collaborating to provide comprehensive energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans backed by 100% renewable energy resources. of EV charging. of EV charging.
Rolls-Royce Power Systems has outlined its road map for climate neutrality: Net Zero@Power Systems. Since many chemical processes, like creating hydrogen, require electricity, it is crucial that the latter is produced, transmitted, and stored in an ecological friendly way, i.e. by renewable means.
BYD delivered the first electric bus fleet for public transport in the Caribbean, opening up an exciting new chapter in the region’s efforts to tackle climate change. The bus delivery is an important milestone for the Barbados National Climate Change Plan, which sets a goal of 100% renewable energy and carbon neutrality by 2030.
The National Renewable Energy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation. It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, communities, government agencies, and early adopters to meet their climate goals.
Polestar is welcoming twelve new partners to the Polestar 0 project to develop a climate-neutral car. The Polestar 0 project is Polestar’s moon-shot goal of creating the first truly climate-neutral car by 2030. The use phase of an electric car can already today be close to climate neutral if the car is charged with renewable energy.
Project AIR will demonstrate a highly innovate, integrated process concept for low-carbon, renewable and circular methanol production within the European energy-intensive chemical sector. Project AIR aims to substitute all the 200,000 tons of fossil methanol that Perstorp uses annually in Europe as a raw material for chemical products.
Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste’s growth strategy is centered on renewable and circular solutions. Porvoo refinery.
The European Commission’s Joint Research Center (JRC) published a policy brief showing that delivery of large amounts of renewable hydrogen over long distances could be cost-effective. This finding is important because access to sufficient amounts of renewable hydrogen at low cost is essential for achieving a climate neutral Europe by 2050.
The joint venture will make it easier for utilities and their customers to combat climate change by seamlessly managing two-way access to the grid for electric vehicles (EVs), maximizing the use of renewable energy sources, and reducing grid operating costs. Fermata Energy V2X bi-directional charger.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles. from the year prior.
Cologne Bonn Airport has switched to Neste MY Renewable Diesel in its diesel-powered ground fleet. Neste’s renewable diesel (also known as HVO100) is made from 100% renewable raw materials, and it is in particular used for powering large and heavy vehicles such as the airport’s fire trucks, which are not easy to electrify.
For this reason, Bosch and Weichai aim to steadily refine this technology with an eye to protecting the climate and environment. Electric vehicles are climate-neutral if the charging power and hydrogen are sourced from renewables. Bosch and Weichai launched their joint development project in September 2018. liters displacement.
Germany’s Federal Ministry of Economic Affairs and Climate Protection (BMWi) has approved €900 million for the innovative funding instrument H2Global. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.
Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust.
Our ultimate goal is to fight climate change and build a sustainable future. We believe that there is no way around hydrogen to realize the energy transition towards renewables. Climate change and on-going supply chain issues will accelerate the transition to clean energy sources.
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.).
The hydrogen strategies recently adopted by the state of North Rhine-Westphalia as well as those of the German Federal Government and the European Union underline the importance of hydrogen for a climate-neutral society. At its core, our climate transformation is based on the use of hydrogen. It is important to plan ahead.
Volkswagen was one of the first car manufacturers to subscribe to the goals of the Paris Climate Agreement that aim to limit global warming to significantly less than two degrees by 2050. Only unavoidable emissions are offset by climate protection measures. The use of LNG not only reduces CO 2 emissions.
Rolls-Royce is further developing its mtu gas engine portfolio for power generation and cogeneration to run on hydrogen as a fuel and thus enable a climate-neutral energy supply. In addition, fuel cells powered by 100% green hydrogen can play an important role in future energy supply in combination with renewable energies.
Neste and ITOCHU have agreed to extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of Neste MY Renewable Diesel in Japan. Neste and ITOCHU share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in Japan.
We therefore urgently need mobility that relies on renewable energies. The fact is: we must and want to promote the switch to climate-friendly mobility urgently. Today we are taking a giant step towards climate-friendly mobility. We are taking a big step on the way to making our economy climate-neutral.
We face a growing crisis of climate change and nature loss and we all need to take action with urgency. For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste and people. —Doug McMillon, president and CEO, Walmart, Inc.
To advance the joint project, the CEOs of BASF and RWE have signed a letter of intent covering a wide-ranging cooperation for the creation of additional capacities for renewable electricity and the use of innovative technologies for climate protection. These plans could result in the avoidance of around 3.8
Infinium Electrofuels, which are produced from carbon dioxide and renewable power, can be dropped into Amazon trucks with no engine modifications as an immediate replacement to petroleum-based fuel. The clean burning electrofuels will be produced for Amazon at one of the first electrofuels production facilities, located in Texas.
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