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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel.

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Siemens targeting Li-ion energy storage for marine and offshore oil and gas applications; 6MW system to West Mira rig

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As part of a strategy to continue providing low-emissions solutions for harsh offshore operating environments, Siemens has opened a fully robotized and digitalized plant in Norway that will develop and manufacture energy storage technologies for both marine and offshore oil and gas applications. Copyright: Neil Robertson.

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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. 2 Total SA.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. This will, of course, come at a cost for energy-hungry regions or consumers.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. million tons in 2020 to 97 million tons in 2030 and 249 million tons in 2050.

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Convert Oil Wells to Solve the Solar Storage Problem

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Solar batteries work as a short-term solution, but not when it comes to long-term storage or to power, say, an entire city. A possible answer, though, might lie in oil wells. Solar energy and oil wells might sound like an odd combination, but the principle is similar to how geothermal energy would be harnessed.

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Dresser-Rand awarded $200M Compressed Air Energy Storage (CAES) project; 1st US CAES since 1991

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received a project award from Apex Compressed Air Energy Storage, LLC for the supply of equipment to be used in a new 317 MW compressed air energy storage (CAES) facility to be constructed near Tennessee Colony, Texas in the Electric Reliability Council of Texas (ERCOT) market. Dresser-Rand Group Inc.