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Global renewableenergy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International RenewableEnergy Agency (IRENA) and Climate Policy Initiative (CPI). Renewableenergy investment slightly declined in 2018, with modest growth through 2019.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewableenergy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,
Despite the much-vaunted megatrend involving the global electrification drive and shift to renewableenergy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. 2 Total SA.
A microgrid based on renewableenergies with hydrogen-powered fuel cells for emergency and peak power as well as hydrogen combustion engines can meet the special energy requirements of port facilities. It will not only set new standards in cargo handling, but also in climate-friendly energy supply.
Arcadia connects renters and homeowners across the US to wind and solar energy through utility data and billing technology. The EPA provides further information on how renewableenergy certificates are used to account for renewable electrcity generation and use. 2021 Audi e-tron.
Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International RenewableEnergy Agency (IRENA). Source: IRENA. The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5
The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.
One path to achieving this is with renewable synthetic fuels (e-fuels). Bosch outlines seven reasons why renewable synthetic fuels should be part of tomorrow’s mobility mix: Time. Renewable synthetic fuels have long since left the basic research phase. Climate neutrality. This creates a virtuous cycle in which the CO?
General Motors plans to source 100% renewableenergy to power its US sites by 2025—five years earlier than previously announced, and 25 years ahead of its initial target that was set in 2016. Sourcing renewableenergy is a critical component of GM’s plans to decarbonize its portfolio.
Virtual Peaker and Fermata Energy are partnering to integrate Fermata Energy’s vehicle-to-grid (V2G) technology with Virtual Peaker’s cloud-based residential energy demand response platform used by utilities across the country. Fermata Energy V2X bi-directional charger.
To that end, the current transport system on the island will transition to electric vehicles and renewable power generation. In the long run, Astypalea will strive to become a model island for climate-neutral mobility. Energy will be primarily generated from local power sources such as solar and wind.
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.
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.
General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC, are collaborating to provide comprehensive energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans backed by 100% renewableenergy resources. of EV charging.
Siemens Energy and Siemens Mobility have signed a Memorandum of Understanding (MoU) jointly to develop and offer hydrogen systems for trains. Since its spin-off and public listing on 28 September, Siemens Energy is no longer part of the Siemens Group. Siemens AG is the largest shareholder of Siemens Energy AG.
This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
For the first time, renewable raw materials are being converted to Swedish Environmental Class 1 diesel (maximum sulfur content of 10 ppm) at Preem’s refinery in Lysekil. The aim is to annually produce up to 950,000 cubic meters (251 million gallons US) of renewable fuel by 2024. About two-thirds of the products are exported.
Last November , w hen Azerbaijan hosted COP29 , the United Nations annual climate summit , i t was a sort of coming-out party for the country. But i n a side room away from media attention, a different climate discussion concluded more auspiciously. Held in Bakus Olympic Stadium, COP29s h eadline talks were largely a flop.
In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.
emissions in its supply chain: the sports car manufacturer is calling for its around 1,300 series suppliers to use exclusively renewableenergy in the manufacture of Porsche components as of July 2021. Our battery cell suppliers have already had to use green energy since 2020. emissions even further. neutrality.
Vertimass and European Energy have completed a Letter of Intent (LOI) to integrate technologies for capturing carbon dioxide and converting it into hydrocarbon products around the world. —Søren Knudsen Kær , Head of Technology, Power-to-X of European Energy. —Vertimass CEO Charles Wyman.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.
Rolls-Royce Power Systems has outlined its road map for climate neutrality: Net Zero@Power Systems. The engines are used in a wide variety of applications, for example, in energy supply, commercial shipping, heavy land vehicles, passenger trains and in yachts. electricity from fossil-fired power plants).
The National RenewableEnergy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation. It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, communities, government agencies, and early adopters to meet their climate goals.
A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution. The open-access paper is published in AGU’s journal GeoHealth.
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 bus delivery is an important milestone for the Barbados National Climate Change Plan, which sets a goal of 100% renewableenergy and carbon neutrality by 2030.
Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.
Neste and NuStar Energy L.P. While NuStar has handled conventional jet fuel at its Selby Terminal for decades, the companies are now working together to establish the facility as a hub for low-emission renewable fuels and to make it easier for businesses and cities to access renewable diesel and sustainable aviation fuel.
The California Energy Commission approved nearly $70 million in funding to replace more than 200 old diesel school buses with all-electric buses that will reduce school children’s exposure to harmful emissions and help the state reach its climate and air quality goals. —Energy Commissioner Patty Monahan.
Our ultimate goal is to fight climate change and build a sustainable future. We believe that there is no way around hydrogen to realize the energy transition towards renewables. Climate change and on-going supply chain issues will accelerate the transition to clean energy sources.
Sierra Energy Corporation closed a $33-million Series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings, Inc., This reaction is highly exothermic, meaning that it releases a large amount of energy in the form of heat. —Mike Hart, Sierra Energy’s CEO.
The SMUD (2020 Sacramento Municipal Utility District) Board of Directors adopted a climate emergency declaration that commits to working toward an ambitious goal of delivering carbon-neutral electricity by 2030.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
Synthetic fuels for passenger vehicles, commercial trucks or even marine applications could play an important role in achieving a near-zero emissions mobility, by using renewableenergy sources, such as solar or wind power, to create a closed CO 2 cycle when viewed from a holistic “well-to-wheel” perspective.
The flagship project MethanQuest was launched in September 2018, and on it a total of 29 partners from research, industry and the energy sector have come together to work on processes for producing hydrogen and methane from renewables and for using them to achieve climate-neutral mobility and power generation.
Senators Dianne Feinstein (D-CA) and John Barrasso (R-WY) led their colleagues in introducing the Renewable Diesel and Sustainable Aviation Fuel Parity Act of 2022. The bill would require the Department of Energy to track foreign imports and domestic production of renewable diesel and sustainable aviation fuel. Background.
A rapid shift of new-vehicle sales to all-electric would bring tremendous health and climate benefits, according to the latest periodic report from the American Lung Association (ALA).
Rolls-Royce is further developing its mtu gas engine portfolio for power generation and cogeneration to run on hydrogen as a fuel and thus enable a climate-neutral energy supply. In addition, fuel cells powered by 100% green hydrogen can play an important role in future energy supply in combination with renewableenergies.
Shipping major CMA CGM Group is creating a Special Fund for Energies to accelerate its energy transition and achieve net-zero carbon by 2050. The Fund is structured around four lines of focus: First focus: Supporting the development and production of renewable fuels.
announced that its subsidiary SoCal Biomethane will supply renewable natural gas (RNG) as facilitated by renewable fuels marketer Anew Climate to FuelCell Energy’s Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.’s Anaergia Inc.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources. Suncor Energy Inc.,
Polestar is welcoming twelve new partners to the Polestar 0 project to develop a climate-neutral car. The Polestar 0 project is Polestar’s moon-shot goal of creating the first truly climate-neutral car by 2030. The use phase of an electric car can already today be close to climate neutral if the car is charged with renewableenergy.
This decrease was driven largely by a decrease in emissions from fossil fuel combustion resulting from a decrease in total energy use in 2019 compared to 2018 and a continued shift from coal to natural gas and renewables in the electric power sector. CO 2 emissions decreased 2.2% from 2018 to 2019.
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