Chevron has unveiled its Green Hydrogen Initiatives, focusing on three main pillars: biofuels, carbon capture, and hydrogen. Despite having the lowest low-carbon spending among its peers, Chevron has remained consistent in its pursuit of low-car initiatives. The company’s approach to green hydrogen is notable for its diverse project portfolio, with four out of five initial hydrogen projects incorporating renewable electricity. These projects are supported by fiscal incentives, geographic advantages, and well-defined end-uses, positioning Chevron at the forefront of hydrogen innovation. Chevron’s projects in California exemplify its innovative approach to hydrogen production, using excess solar power at its Lost Hills oil field and using avoided landfill waste for carbon-negative hydrogen at its Richmond refinery site.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
