The 35MW direct current solar plant, built by SunPower, is among the largest solar electric systems in California’s Net Energy Metering Program. Over the next 20 years, the plant is expected to generate over 1.4 billion kWh of energy while reducing Chevron’s consumption of grid power, lowering carbon dioxide emissions at Lost Hills, and contributing towards meeting California’s Low Carbon Fuel Standard.
Chevron is committed to supporting affordable, reliable, ever-cleaner energy and exploring increased use of renewables in support of their business. The Lost Hills project was designed and constructed by SunPower and operates under a power purchase agreement. The solar plant will generate credits under California’s Low Carbon Fuel Standard program.
Chevron has also announced an agreement to source over 500MW of its electricity from renewable sources over the next four years to power strategic assets across its global portfolio. Initial projects are expected to be sited on Chevron land and will focus on powering operations in the U.S. Permian Basin (TX and NM), Argentina, Kazakhstan and Western Australia.
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.
Reducing the upstream carbon intensity of Equinor’s oil operations is a major component of its ambition to reach net zero emissions by 2050. Most offshore oil production is powered by CO₂-emitting gas turbines and on average, about 15 kg of CO2 were generated for each barrel of oil equivalent (boe) produced worldwide in 2021.
Eni is using solar energy as a hybrid power option across a series of their oil and gas operations in emerging countries.
In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
Total Energies launched its US$300 million Energy Efficiency Plan in 2018, aiming to reduce greenhouse gas emissions in its refining and chemicals operations by around one million tonnes of carbon dioxide per year.
Equinor has eliminated 2 million tonnes of annual CO2 emissions from its Norwegian operations over the past decade through energy efficiency initiatives.
Having reduced upstream operated carbon intensity by 20% since 2014, Eni is on track to achieve its company target of 43% reduction by 2025.
Chevron’s new solar plant is expected to provide approximately 80% of energy needs at the Lost Hills oil field
The Cracker of the Future consortium plans to develop technologies that can heat 800°C+ furnaces with electricity instead of fossil fuels.
