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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. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

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Largest pilot plant for CO2-neutral production of hydrogen begins operation at voestalpine site in Linz

Green Car Congress

As part of the EU-funded H2FUTURE project, partners voestalpine, VERBUND, Siemens, Austrian Power Grid, K1-MET and TNO are researching into the industrial production of green hydrogen as a means of replacing fossil fuels in steel production over the long term.

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Mercedes-Benz Cars plants in Germany to be supplied with CO2-neutral energy from 2022

Green Car Congress

Thereby, we completely forego coal-based electricity and obtain our electrical energy from only renewable sources. Today, new plants in Europe are already planned with a CO2-neutral energy supply from the start. Already existing highly efficient gas CHP systems additionally generate local heat and power at the factories.

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Electric vs. Gasoline Cars: Uncovering the Real Climate Savior

The Truth About Cars

For instance, electricity generated from coal or natural gas is associated with higher carbon emissions, while renewable sources like wind or solar energy contribute negligible carbon pollution. The shift towards renewable energy sources further enhances the environmental benefits of EVs.

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Honda, American Electric Power developing 2nd life applications for used EV batteries

Green Car Congress

The project seeks to address multiple challenges related to the expansion of EVs, including the repurposing of used EV batteries, the expected impact of EV demand and renewable energy on the nation’s utility operators and the integration of EV batteries as a storage solution for the electric grid.

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

Green Car Congress

and CO2 emissions from fossil fuel combustion up 2.6% Biden has already announced goals to create a GHG-free power sector by 2035 and a net-zero emissions economy by no later than 2050. In 2019, US greenhouse gas emissions totaled 6,558 million metric tons of carbon dioxide equivalents (MMT CO 2 Eq.), or 5,769 MMT CO 2 Eq.

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. Geely is committed to achieving the long-term goal of zero emissions mobility through a diverse suite of new energy solutions, including renewable methanol vehicle technology. Earlier post.).

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