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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Thirteen investors participated in battery storage funding this quarter with energy storage downstream companies raising the most. Smart Grid. There were four undisclosed M&A transactions in Q1 2018.

2019 170
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Suncor and ATCO partner on potential world-scale hydrogen project in Alberta

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Two Canadian companies, Suncor Energy and ATCO Ltd., Suncor Energy is Canada’s leading integrated energy company, with a global team of more than 30,000 people. Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas, and petroleum refining in Canada and the US.

Hydrogen 308
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UC Riverside opening Sustainable Integrated Grid Initiative; integration of solar energy, battery storage and electric and hybrid vehicles

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Schematic of the “New Grid Testbed” components, including renewable energy generation, energy storage, smart distribution and electric transportation Click to enlarge. 27 electric vehicle charging stations. A UCR-owned and RTA-operated trolley bus that has been converted from diesel combustion to battery electric operation.

Grid 287
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Convert Oil Wells to Solve the Solar Storage Problem

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A possible answer, though, might lie in oil wells. The California-based Hyperlight Energy will be piloting an installation where they plan to use existing oil wells as solar thermal wellsprings, with the stored energy being converted back to clean electricity when required. to test the concept for the first time.

Oil 115
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Dominion Energy sets new goal of net zero emissions by 2050 for both power generation, natural gas operations

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Dominion Energy announced a significant expansion of the company's greenhouse gas emissions-reduction goals, establishing a new commitment to achieve net zero emissions by 2050. The goal covers carbon dioxide and methane emissions, the dominant greenhouse gases, from both electricity generation and gas infrastructure operations.

Emissions 207
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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

Estonia 236