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3 Oil Majors That Bet Big On Renewables

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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. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

Oil 418
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Barbados receiving 35 BYD electric buses; first electric bus fleet for public transport in the Caribbean

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BYD delivered the first electric bus fleet for public transport in the Caribbean, opening up an exciting new chapter in the region’s efforts to tackle climate change. The Barbados Transport Board recently received 33 BYD battery-electric buses and two more of the 30-foot buses will be delivered by December.

Barbados 448
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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Rio Tinto’s new 2030 climate targets are linked to executive remuneration.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. As utilities do this, the mindset of energy leaders will change.

Renewable 399
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Virtual Peaker partners with Fermata Energy to bring V2G bi-directional vehicle charging technology to utilities

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The joint venture will make it easier for utilities and their customers to combat climate change by seamlessly managing two-way access to the grid for electric vehicles (EVs), maximizing the use of renewable energy sources, and reducing grid operating costs. Fermata Energy V2X bi-directional charger.

Energy 459
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Stanford’s GCEP awards $10.5M for research on renewable energy; solar cells, batteries, renewable fuels and bioenergy

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The Global Climate and Energy Project (GCEP) at Stanford University has awarded $10.5 million for seven research projects designed to advance a broad range of renewable energy technologies, including solar cells, batteries, renewable fuels and bioenergy. Photo-electrochemically rechargeable zinc-air batteries.

Renewable 225
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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

Climate 349