“The largest oil and gas companies are coming out ready to invest in clean energy, and this shows that renewables are cost competitive with fossil fuels. This is the best way to show renewable energy is worth watching, ”said Kyle Harrison, an analyst at Bloomberg NEF in New York.

Exxon representatives, in turn, said that they are assessing the possibility of supplying energy to their facilities and, among other things, are considering renewable energy sources.

More oil companies are investing in renewable energy as the number of people (and companies) turning to clean energy as an alternative to traditional energy sources increases every day. Notably, BP was one of the first major oil and gas corporations to invest in renewables – last year the company invested $ 200 million in solar energy, which focuses on long-term development and management of solar projects. While many did not expect such a move from the company, BP explained why it is important to invest in new energy sources. The partnership not only makes strategic sense, the company says, but it will enable the company to implement its carbon reduction program. Solar energy is the fastest growing source of energy and we are delighted to be at the forefront of this development and stay in trend.

Exxon has just started using green energy. Colin Smith, senior solar analyst at Wood Mackenzie Power & Renewables, said Exxon’s decision to invest in renewables could mark a new direction for the company. Consider Shell, for example, which plans to take 32 percent of solar and 13 percent of wind power by 2070.

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This still relatively unknown innovative energy storage system could have a significant global impact. The “green” rechargeable battery is an air-breathing chamber that uses only zinc and air and has built-in intelligent control. But what makes the batteries even more unique is their low cost and longer battery life.

According to NantEnergy research, a rechargeable zinc air battery can easily compete with lithium-ion systems and provide electricity at a lower cost for as little as $ 100 per kilowatt hour. This indicator is considered by the company’s specialists to be one of the most important, capable of changing the forces in the industry market.

New source of cheap and sustainable energy: zinc air batteries: Alternative energy

In comparison, lithium-ion batteries can vary in price, but typically range from $ 300 to $ 500 per kilowatt hour, according to the Energy Storage Association. Zinc Air batteries not only offer a cheaper alternative, but they are safer to use. Since they cannot overheat and because of them a fire cannot happen, batteries also do not require a cooling system, by the way, the last factor is fundamental in the cost of all lithium-ion batteries.

The power system is monitored in real time in cloud storage and has been successfully deployed in nine countries with 3,000 systems. The systems support 110 villages and 1,000 cell tower installations. Sun-Shong says they have already served 200,000 people who have no other access to electricity than that offered by NantEnergy.

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