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DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

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The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

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Powering together: The synergy between lithium refining and the oil and gas industry in the US

Innovation News Network

Lithium refining company Stardust Power is partnering with the oil and gas industry to work towards a cleaner, greener future. The post Powering together: The synergy between lithium refining and the oil and gas industry in the US appeared first on Innovation News Network.

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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project for industrial-scale production of green hydrogen via the electrolysis of water using ?renewable renewable power, producing zero emissions. This will be powered by renewable energy generated by an Ørsted offshore ?wind When powered by renewable ?energy, renewable-powered electrolysis capacity at Lingen.

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Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

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Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today are collaborating to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology. SHI aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on natural gas.

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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.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. This can be used to power hydrogen-powered vehicles, which are already marketed in some countries, as well as to generate electricity. Proton Technologies is commercializing the process.

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