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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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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. Utilities and oil and gas companies were involved in seven battery storage funding deals in 2019.

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Taylor Machine Works and Cummins to integrate hydrogen engines into Taylor lift trucks and container handlers

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This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas, and port operations markets. Adding H2ICE to the mix of zero-carbon solutions will also reduce the load required from already stressed utility grids. liter and 15-liter hydrogen engines into the Taylor product line.

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Convert Oil Wells to Solve the Solar Storage Problem

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A possible answer, though, might lie in oil wells. The California-based Hyperlight Energy will be piloting an installation where they plan to use existing oil wells as solar thermal wellsprings, with the stored energy being converted back to clean electricity when required. But we can still reduce the carbon [cost] of that oil.”

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UC Riverside opening Sustainable Integrated Grid Initiative; integration of solar energy, battery storage and electric and hybrid vehicles

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Schematic of the “New Grid Testbed” components, including renewable energy generation, energy storage, smart distribution and electric transportation Click to enlarge. Energy monitoring, management and control tools developed by UC Riverside engineering students to ensure energy grid stability, reliability and efficiency.

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Jordan signs $2B oil shale investment agreement with Saudi company

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The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

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Oil sands production accounted for 28.8% of total Canadian gas demand in 2016

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Alberta’s oil sands operations accounted for 28.8% From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 Natural gas is largely used in the oil sands to generate steam for in situ oil production, and in situ growth has been the main driver behind increased oil sands demand for natural gas.

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