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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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EIA projects increases in global energy consumption and emissions through 2050

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In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —EIA Acting Administrator Stephen Nalley.

Global 259
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Rio Tinto plans to invest $600M more in renewable energy in the Pilbara

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Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara as part of the company’s efforts to decarbonize its Western Australian iron ore operations. The investment will fund the construction of two 100MW solar power facilities as well as 200 MWh of on-grid battery storage in the Pilbara by 2026.

Renewable 218
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Opinion: Reinventing fuel-based power for a more secure and resilient grid

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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? A line of electricity pylons in the UK countryside.

Grid 332
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Raven SR waste-to-hydrogen plant in California to be powered by INNIO Jenbacher’s Ready-for-H2 engines

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Raven SR plans to use INNIO’s Jenbacher engines [60 Hz] with a “Ready for H2” option to produce renewable energy. At the site, landfill gas (LFG) will be the primary fuel to provide power for the non-combustion process that converts waste to hydrogen. Earlier post.). —Matt Murdock, CEO of Raven SR.

Waste 361
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HOMER Grid software now models EV charging stations

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HOMER Energy by UL, a global developer of energy modeling software, announced that HOMER Grid , software for designing grid-tied distributed energy projects, can now model how hybrid systems power electric vehicle (EV) charging stations. The solution is to co-locate renewables and storage with charging infrastructure.

Grid 186
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. advancing or delaying the time of electricity dispatch.