Renewables

The Latest

Investment

Energy Firms Bet on Hydrogen Boom, But Payday Far Away

The universe’s most abundant element, hydrogen has been touted for decades as an alternative energy source to fossil fuels, but attempts to commercialize it for use in vehicles and industry have largely failed.

March 3, 2021

Exploration & Production

DOE’s Granholm Encourages Role for Oil and Gas Industry in Energy Transition

New U.S. Energy Secretary Jennifer Granholm envisions oil and gas companies contributing expertise to develop low-carbon fuel sources as part of the energy transition.

March 3, 2021

Health, Safety & Environment

Enterprise Products Signs Power Purchase Agreement for Texas Solar Project

The agreement for solar power from a proposed project in Texas is the result of an initiative launched by Enterprise Products in 2020 to expand solar power purchasing and/or installations across its system, co-CEO Jim Teague says.

March 2, 2021

Renewables

Siemens Studies Hydrogen Energy Storage at Utah Power Plant

Siemens Energy has teamed up with Intermountain Power Agency on March 1 to perform a conceptual design study on integrating a hydrogen energy storage system into an advanced class combined cycle power plant.

March 2, 2021

Public Capital

Chevron Backs Geothermal Power Developer for California Pilot Project

Chevron also signed a letter of intent for a potential pilot project in California to deploy heat power, which is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.

March 2, 2021

Public Capital

Exxon Mobil Names Activist Investor Jeff Ubben to Board amid Energy Transition Push

Exxon Mobil, which has faced fresh pressure from investors since late last year, also appointed Comcast executive Michael Angelakis to its board on March 1.

March 1, 2021

Public Capital

Partnerships ‘Incredibly Important’ to Oil Industry’s Low-Carbon Future, BP CEO Says

Oil and gas companies attaining global sustainability goals will depend on partnerships formed across sectors—like BP’s deal with Amazon, says CEO Bernard Looney during CERAWeek.

March 1, 2021

Business

Bill Gates Urges Reducing ‘Green Premium’ in Energy Transition

Oil and gas companies can play a role in the energy transition and bring a particular skillset to help reduce carbon emissions, such as sequestering carbon and burying nuclear waste, Bill Gates says.

March 1, 2021

Business

Op-ed: How Traditional Oil and Gas Companies Can Play a Bigger Role in a Net-zero World

Never has the opportunity been greater for oil and gas companies to take on a larger role to lead in the ongoing energy transition, says Angie Gildea, who serves as national sector leader for energy, natural resources and chemicals at KPMG.

March 1, 2021

Business

From US Domination to Energy Transition: Two Years That Changed Oil

Oil companies have come under increasing pressure from shareholders, governments and activists to show how they are changing their businesses from fossil fuels toward renewables, and to accelerate the energy transition.

March 1, 2021