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3 Oil Majors That Bet Big On Renewables

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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. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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Japan’s New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co., The FH2R can produce as much as 1,200 Nm 3 of hydrogen per hour (rated power operation) using renewable energy.

Low Cost 450
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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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Highview Power Storage, Inc., a provider of long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, jointly announced plans to develop the United States’ first long-duration, liquid-air energy storage system.

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Opinion: Reinventing fuel-based power for a more secure and resilient grid

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by Toby Gill, CEO, Intelligent Power Generation. With battery storage able to provide a unique role in balancing a renewable electricity grid, Toby Gill, CEO of Intelligent Power Generation, asks could innovations in green hydrogen and biofuel technologies contribute to a more optimized and economical energy mix?

Grid 332
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OptiFuel to repower Argentina’s 400 freight locomotive fleet from diesel-power to CNG and/or RNG

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The objective of this agreement is to develop a project to repower and put into service 400 switcher and line-haul freight locomotives, all 100% powered by compressed natural gas (CNG) and/or renewable natural gas (RNG) with low or zero emissions, in line with the Argentina’s decarbonization goals.

Diesel 418
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Polestar, Rivian report concludes automotive industry tracking to overshoot IPCC emissions target by 75%

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The challenge: when modeling a hypothetical well-to-wheel scenario of aggressive battery electric vehicle (BEV) adoption, powered by hypothetical full switch to fossil-free power sources in parallel, there is still a GHG emission overshoot, unless upstream scope 3 (supply chain emissions) are simultaneously tackled.

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EEA: large-scale roll-out of EVs will help EU shift to green transport, but may challenge power grid

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A large scale roll-out of electric cars on European roads would result in significantly lower greenhouse gas emissions and lower levels of certain air pollutants, according to a new European Environment Agency (EEA) assessment. However, larger numbers of electric vehicles will not be enough for the shift to a low-carbon economy.