Big Oil Spent 1% on Green Energy in 2018
Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their U.S. and Asian rivals, a study showed.Companies such as Royal Dutch Shell, Total and BP have in recent years accelerated spending on wind and solar power as well as battery technologies…
ExxonMobil, Princeton Launch Energy Research Projects
In association with their partnership focused on energy technologies, ExxonMobil and Princeton University have selected five research projects that center on solar and battery technologies, plasma physics, Arctic sea-ice modeling, and the impact of carbon dioxide absorption on the world’s oceans. In June 2015 ExxonMobil committed $5 million over five years to the Princeton E-ffiliates Partnership…
ExxonMobil Invests $15 Mln in Austin Energy Institute
ExxonMobil announced that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. The joint research initiative will study transformational energy…
Jastram, Eco Marine Sign Agreement
Eco Marine Power (EMP) has announced that it has entered into a sales and support agreement with Jastram Technologies Ltd. of Canada. This agreement paves the way for EMP to begin offering a wide range of products and services to the Canadian shipping and offshore sector. Jastram Technologies has been providing high quality equipment and services to the marine industry since 1983.
Renewable Energy Battery Solutions Ready for Ships
A range of marine battery solutions has received approval for use on-board ships or marine related applications such as offshore platforms and renewable energy projects. Now available from Eco Marine Power (EMP), a developer of renewable energy solutions for ships, in cooperation with storage batteries and electrical machinery manufacturer Furukawa Battery Company of Japan…
Investing in Australia’s Battery Storage Market
A new player is entering the Australian battery storage market with the help of a $6.3 million investment by the Southern Cross Renewable Energy Fund, supported by the Australian Renewable Energy Agency (ARENA). ARENA CEO Ivor Frischknecht said the investment would enable Brisbane based Octillion Power Systems Australia…
Battery trial to put storage on the front foot
A new Canberra-based storage trial will examine whether lithium-ion batteries could enhance electricity grids and increase the use of renewable energy. Australian Renewable Energy Agency (ARENA) CEO Ivor Frischknecht said IT Power (ITP) would carry out the trial, supported by $450,000 of ARENA funding. “ITP will analyse the performance of six major lithium-ion battery brands…
