Tag: Equinor

bp, Equinor, Shell and TotalEnergies join forces to help increase access to energy

Stuart Mitchell

bp, Equinor, Shell and TotalEnergies announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a $500 million joint investment commitment, intended to create positive energy access impact for people in key regions over the coming years. A growing number of people without access to electricity and clean cooking Despite ongoing efforts, progress towards universal energy access has stalled, particularly amidst recent…

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Ørsted signs agreement with Equinor for carbon removal credits

Stuart Mitchell

In a new agreement, Ørsted will sell carbon dioxide removal (CDR) credits amounting to 330,000 tonnes of CO2 to Equinor over a ten-year period. This is part of Ørsted’s CO2 capture and storage project, ‘Ørsted Kalundborg CO2 Hub’, which will capture 430,000 tonnes of biogenic CO2 annually from two of Ørsted’s biomass-fired CHP plants from 2026. The CO2 that is captured comes from sustainable biomass and will be permanently stored under the North Sea seabed. In this way, CO2 will be removed from the atmosphere and contribute to negative emissions.…

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Denham Sustainable Infrastructure Launches New Brazilian Renewables Player Pontal Energy After Completing Transaction With Equinor

Stuart Mitchell

Denham Capital, the global energy transition investment firm, has completed a transaction with Equinor for the sale of certain Rio Energy assets, the Rio Energy trade name, and the management team platform. Denham Sustainable Infrastructure (“DSI”) has established a new renewable energy developer and operator, Pontal Energy, to manage the continued growth of the assets and pipeline retained by Denham in the transaction. The launch of Pontal Energy and the appointment of its management team strengthens DSI’s footprint in the region as an experienced investor in Brazilian sustainable infrastructure. Pontal…

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Global offshore wind industry to increase voltage

Stuart Mitchell

The offshore wind industry is increasing array voltage from 66kV to 132kV, to enable larger turbines, reduce cost and ultimately help meet global climate demands.  This increase in array voltage will:  Enable more efficient power collection for future wind farms globally  Reduce the length of cables in the offshore wind farm   Less cable will lower costs and environmental footprints  Facilitate the next generation of offshore wind turbines.  The industry’s last voltage shift began in 2010, when the Offshore Wind Accelerator (OWA) – Carbon Trust’s flagship research, development and deployment…

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Cadent and Equinor announce plans to develop a Hydrogen Town concept in Lincolnshire

Stuart Mitchell

The Humber could be the location for one of the world’s first low carbon Hydrogen Towns within the decade, after Cadent and Equinor joined forces to realise this ambition. Cadent and Equinor will work together to assess what a hydrogen town conversion could look like in Lincolnshire. Converting the gas networks of a town from natural gas to 100% low carbon hydrogen would drastically reduce the carbon emissions linked to home heating and could bring down overall emissions in the town by around a quarter. Gas distribution network operator Cadent…

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