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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

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Successful demonstration of FlexMethanol conversion of wind power to methanol

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In Germany, BSE Engineering and the Institute for Renewable Energy Systems at Stralsund University of Applied Sciences (IRES) have demonstrated the conversion of wind power into renewable methanol. Operation of this technology under dynamic conditions will be confirmed during a year-long test.

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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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Because these units can start and stop quickly and operate at partial loads, they have become increasingly important in areas with high shares of renewable electricity generation from wind and solar. Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. MW of capacity.

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Government of Saskatchewan launches renewable diesel program

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The Government of the Saskatchewan launched a new renewable diesel program as part of the provincial 2011-2012 Budget. The five-year, $26 million program will provide a 13 cent per liter grant to eligible renewable diesel producers. The program will wind up in 2016.

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EIA: CO2 emissions from US power sector have declined 28% since 2005

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The power sector has become less carbon-intensive as natural gas-fired generation displaced coal-fired and petroleum-fired generation and as the noncarbon sources of electricity generation—especially renewables such as wind and solar—have grown. In 2005, noncarbon sources accounted for 28% of the US electricity mix.

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More solar energy was added in 2016 than natural gas or wind

Green Car Reports

Renewable-energy growth has accelerated in 2016, but this may go down as a milestone year for one renewable-energy source in particular. Together, all renewable-energy sources are expected to account for 8 percent of U.S.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. The uses of green methanol for commercial shipping have already been pioneered by Danish shipping giant Maersk.

Denmark 446