Chevron Corporation’s venture capital arm has launched its third fund, committing $500 million to invest in renewable energy technologies. The Future Energy Fund III will allow Chevron to evaluate long-term investments in areas not directly connected to its current business operations, such as fusion, direct air capture, and battery technologies. Major oil companies have been investing in companies focused on biofuels, wind, solar, carbon capture, digital energy, and electric vehicles as they aim to diversify their portfolios amid the global push to transition to renewable energy sources and reduce emissions. This new fund will build upon the renewable technology investments made through Chevron’s two preceding funds, though there is no set timeline for deploying the capital or selecting recipient companies. The first Future Energy Fund was launched in 2018, followed by a second in 2021, totaling a $400 million commitment, with a portion still uninvested. These funds have invested in over 30 companies, including Aurora Hydrogen Inc., Electric Era Technologies Inc., ChargePoint Holdings Inc., and Carbon Clean Solutions Ltd.
NTPC awards EPC Contract to GPS for SAF plant
GPS Renewables has been awarded an engineering, procurement and construction (EPC) contract by NTPC Limited to establish ethanol-to-jet sustainable aviation fuel (SAF) facility at NTPC Green Energy Limited’s green hydrogen hub in Pudimadaka, Andhra Pradesh. […]
Navitas launches its new 156 half-cells solar panel
Navitas has unveiled its new solar panel, Bonito Max, a half-cut monocrystalline PERC module with a 10-busbar design. The panel has 156 half-cells and is available in a variety of configurations with power outputs ranging […]
ACME Solar commissions 300 MWh BESS capacity in Rajasthan
ACME Solar Holdings Limited (ACME Solar), through its wholly owned subsidiary ACME Greentech Seventh Private Limited, has commissioned 53.63 MW/300 MWh of battery energy storage system (BESS) capacity under Phase I of its 300 MW/1,581 […]