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Qatar invests $125M in energy storage company Fluence

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Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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Qatar invests US$112M for a 10% share in Rolls-Royce’s small modular reactor business

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Rolls-Royce Group has reached agreement with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest £85 million (US$112 million) in Rolls-Royce SMR Limited (Rolls-Royce SMR). Rolls-Royce SMR will draw upon standard nuclear energy technology that has been used in 400 reactors around the world.

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Williams Technology Centre in Qatar and Sainsbury’s form technology collaboration; MLC flywheel energy storage for stationary applications

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Sainsbury’s and Williams F1 will collaborate to apply Formula One-inspired technologies being developed at the Williams Technology Centre (WTC) in Qatar to help the supermarket group increase its energy efficiency and reduce greenhouse gas emissions.

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3 Oil Majors That Bet Big On Renewables

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Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

Oil
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. Natural gas trades grew modestly by 4%, driven by liquefied natural gas (LNG) growth of 10.1%, with Qatar (+34.8%) taking 87.7%

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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A 2004 lifecycle analysis synthesis report prepared by Five Winds International for ConocoPhillips, Sasol Chevron and Shell International Gas concluded that: Total GHG emissions of the GTL system are between 12% less and 11% more than the refinery system, based on varying assumptions and data. Earlier post.)

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Delta Air Lines signs 75 MGPY for 7 years SAF deal with Gevo; oneworld Alliance members plan to buy 200 MGPY

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Gevo’s production processes will incorporate renewable energy, including wind turbines, biogas, and combined heat and power systems (CHP) to increase efficiency and reduce carbon intensity to net-zero levels, which the customer can then pass on through the fuel. The delivery of the SAF is expected to commence in 2027, for a five-year term.