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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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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Convert Oil Wells to Solve the Solar Storage Problem

Cars That Think

One of the main impediments to harnessing solar energy is storage. Solar batteries work as a short-term solution, but not when it comes to long-term storage or to power, say, an entire city. A possible answer, though, might lie in oil wells.

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

Green Car Congress

Schematic of the “New Grid Testbed” components, including renewable energy generation, energy storage, smart distribution and electric transportation Click to enlarge. It is the largest renewable energy project of its kind in California. Solar carport. Three-and-a-half megawatts will be at UC Riverside’s main campus.

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Renewables now make up 30% of US power capacity – FERC

Baua Electric

Photo: Openverse Renewablessolar, wind, biomass, geothermal, hydropower – are now 30% of total US electrical generating capacity, according to analysis of FERC’s mid-year data. That puts solar on track to become the US’s second-largest source of capacity – behind only natural gas – within three years. of capacity added.

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South Dakota’s largest solar farm just came online

Baua Electric

Photo: National Grid Renewables National Grid Renewables just brought South Dakota’s largest solar farm online in Pennington County. Wild Springs is a 128-megawatt (MW) solar farm in the Southwest Power Pool, which manages the central US’s electric grid and wholesale power market.

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Renewable hydrogen fuel being studied for the Port of Seattle

Green Car Congress

The studies will assess the issues associated with scaling up hydrogen infrastructure large enough to serve the Port of Seattle’s maritime-related and electrical grid uses. Collectively, these projects will transform Seattle City Light's grid, meet future demand, and explore the future of clean energy development of the region.

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EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

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