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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. It is instructive to note that a NOC, and not an independent oil company, has the most ambitious green strategy of them all. 2 Total SA.

Oil 418
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BMW, Ford, Honda to Form New EV Charging Company

The Truth About Cars

Ford, Honda, and BMW have announced plans to create a new “vehicle-to-grid company” that’s aimed at standardizing vehicle charging via a singular platform. The service also seeks to return excess energy to the electrical grid, effectively converting EVs into publicly shared batteries.

Honda 105
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Largest pilot plant for CO2-neutral production of hydrogen begins operation at voestalpine site in Linz

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As part of the EU-funded H2FUTURE project, partners voestalpine, VERBUND, Siemens, Austrian Power Grid, K1-MET and TNO are researching into the industrial production of green hydrogen as a means of replacing fossil fuels in steel production over the long term. It has been listed on the Vienna Stock Exchange since 1995.

Hydrogen 221
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Honda, American Electric Power developing 2nd life applications for used EV batteries

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The project seeks to address multiple challenges related to the expansion of EVs, including the repurposing of used EV batteries, the expected impact of EV demand and renewable energy on the nation’s utility operators and the integration of EV batteries as a storage solution for the electric grid.

Honda 284
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Biden sets 2030 net GHG reduction target for US of 50-52% below 2005 levels

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and CO2 emissions from fossil fuel combustion up 2.6% Biden has already announced goals to create a GHG-free power sector by 2035 and a net-zero emissions economy by no later than 2050. In 2019, US greenhouse gas emissions totaled 6,558 million metric tons of carbon dioxide equivalents (MMT CO 2 Eq.), or 5,769 MMT CO 2 Eq.

2005 243
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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. The companies say they a vision for a larger role for methanol as a clean and sustainable fuel worldwide. It will also allow us to promote advanced methanol technology in Europe.

Renewable 150
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DOE announces more than $65M in public and private funding to commercialize promising energy technologies

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To date, the TCF has funded more than 380 projects by unlocking more than $170 million in funding from more than 300 private sector partners, including automotive manufacturers, energy storage companies, utilities, bioenergy companies, solar providers, and aerospace companies. National Renewable Energy Laboratory.