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BP Announces Offshore Wind Innovation Hub Opening in Brooklyn
An oil and gas major has made a major renewable energy investment in the United States. According to a press release from BP, the company announced that the Offshore Wind Innovation Hub (OWIH) has opened and is looking for its first call for applications. The Brooklyn-based Hub was founded in mid-2022 to identify and help
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New Petrobras CEO Says to Drive Energy Shift While Expanding Oil and Gas
A major oil and gas provider in South America is establishing itself as a leader in the future of energy in Brazil. According to Reuters, the new chief executive of Petrobras informed employees that the oil company would drive Brazil’s evolution to renewable energy while keeping its oil and gas expansion on track. In a
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Four EU Nations Call for Zero Emissions Target for Trucks And Buses
A European nation is leading the way toward zero emissions for one transportation sector. According to Bloomberg (via Rigzone), the Netherlands is leading calls for the European Union to target zero emissions from heavy-duty vehicles to bring the polluting sector in line with its climate neutrality goals. The European Commission should set a goal of
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U.S., UAE Announce First $20 Billion Investment to Fund 15 GW in New Clean Energy
The first steps have been announced for a clean energy initiative between two major industrialized nations. According to Reuters (via Energy Now), the United States and the United Arab Emirates announced on Sunday that the first $20 billion of their $100 billion clean energy partnership would be allocated to fund 15 new gigawatts of renewable
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NASA Tech Could Help Oil Sands Take Giant Leap Forward in Reducing CO2 Emissions
Some out-of-this-world technology is making a difference in reducing CO2 emissions. According to a press release from Global Newswire (via Oil & Gas 360), a Calgary company’s leading-edge technology – originally used by NASA to search for life on Mars – is now being used to help reduce greenhouse gas emissions in the oil sands.
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GM, Ford, Google Partner to Promote ‘Virtual’ Power Plants
Some major corporations are partnering together on a joint venture. According to Reuters (via EnergyNow), companies including GM, Ford, Google, and solar energy producers announced they would work together to establish criteria for increasing the use of virtual power plants (VPPs), systems for reducing loads on electricity grids when supply is short. The companies said
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Several Solar Panel Manufacturers Increase Production as Costs Tumble
Solar panel production could increase dramatically soon. According to EnergyNow, a number of large solar-panel makers are increasing production in anticipation of a financial boon to clean energy. One key reason is the fall in material costs for solar panels that had been heightened for over a year.Three leading Chinese module manufacturers are increasing January
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Chevron, Baseload Capital Create Joint Venture Exploring Geothermal Development
According to a company news release, the Chevron Corporation, through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will collaborate on driving geothermal opportunities – including identifying the best prospects for development, operations and progressing the next generation of
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Indian Gov’t Approves $2 Bln Plan for Incentivizing Green Hydrogen Industry
According to Reuters, India has approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen in a bid to cut emissions and become a major exporter in the field, the information minister said. The move is targeted to help India, one of the world’s biggest greenhouse gas emitters, achieve net-zero carbon
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Chevron Investing in Carbon Capture and Removal Technology Company
An oil and gas major announced a new investment in carbon capture technology. According to a press release from Chevron, Chevron New Energies (a division of Chevron U.S.A. Inc.) and Svante announced the company is the lead investor in Svante’s Series E fundraising round, which raised $318 million to be used in the manufacturing of
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Construction of $11 Billion Desert Renewables Project Begins in China
A massive renewables project has started in northern China. According to EnergyNow, China began construction on an 80 billion yuan ($11 billion) renewables project in Inner Mongolia, part of a huge clean-power initiative to reach the nation’s ambitious climate targets. Located in the Kubuqi Desert, the project will have 16 gigawatts of power capacity when
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Annual Methane Intensity Report Finds Significant Reductions in Permian Basin
Rural West Texas is taking a major step toward decarbonization. According to a news release from Texans for Natural Gas (TNG) (via RigZone), a Texas Independent Producers and Royalty Owners Association (TIPRO) project, the annual methane emissions intensity analysis shows that the Permian Basin’s rate has dropped by more than 76 percent from 2011 to
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