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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

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bp says that it will invest more in the energy transition and bp’s own transition, with up to $8 billion more slated for transition growth engines (TGEs) by 2030. billion capital expenditure—nto its transition growth engines, including the acquisition of Archaea Energy. In 2022, bp invested $4.9 mmboe/d in 2030.

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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’s advanced gravity energy storage solutions are based on the proven physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks, or “mobile masses”, which do not lose storage capacity over time.

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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Cepsa is already working on the engineering and administrative processing of the project.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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Rolls-Royce and SOWITEC cooperate on power-to-X projects

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This green hydrogen can be used as fuel for fuel cells and hydrogen engines, to produce industrial feedstock and to produce sustainable e-fuels for marine, aviation, agriculture, mining and data center power. The mtu gas engine portfolio is currently being prepared for hydrogen as a fuel, thus enabling a CO 2 -neutral energy supply.

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CMA CGM partners with Energy Observer on hydrogen-powered shipping

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It aims to experiment, test and develop energy solutions based on hydrogen, solar, tidal and wind power. The green hydrogen used by Energy Observer is made from seawater using on-board renewable sources of electricity (solar, wind and hydropower).

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DOE awards $17M to FY 2014 SBIR Phase II projects; includes Si/graphene anodes, motor windings, exhaust treatments

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The selected projects include 6 vehicle-related technologies and 2 hydrogen and fuel cell technologies, as well as new hydropower, heat pump, solar and manufacturing technologies. Vehicle technologies span a range from new Si/graphene Li-ion anode materials and composites for motor windings to diesel aftertreatment and advanced lubricants.

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