Green energy companies have dominated the renewable energy space billed to boast of tremendous growth opportunities for the longest time. Not anymore. Oil majors are increasingly flexing their muscles in the fast-growing segment billed as the future of the energy sector.
BP-Total Wind Farm Contracts
BP Plc. and Total SE are the latest oil majors to affirm their commitment to being part of the green energy revolution. The two oil majors have won a major contract for the construction of a next-generation wind farm in the U.K.
The contract issued by Crown Estate is for the construction of an eight gigawatts wind farm capable of powering more than 7 million homes. The first time Crown Estate has offered seabed for a new wind farm and the first done through a competitive auction.
A consortium of BP and German utility EnBW Energie Baden-Wuerttemberg AG won a contract for a 3-gigawatt capacity. Total, in partnership with Macquarie Group Ltd, got 1.5GW contract. The development rights are crucial for BP and Total as they seek to ramp up their renewable power business.
CAMS and FlexGen Partner
Focus on renewable energy is also gaining steam in the U.S, in line with the new administration bid to eliminate carbon emission by 2030. Similarly, consolidated Asset management Services has inked a strategic partnership with FlexGen as they look to serve the growing battery energy storage system market,
The partnership brings together the leading asset management, operations, and maintenance services provider with the second-largest U.S energy storage technology company. Conversely, it creates the first comprehensive services offering for BESS owners and investors.
Likewise, Elsevier has collaborated with Map-Stand to integrate industry news and energy infrastructure data from over 40 countries into Geofacets. With the integration, Geoscientists should be able to make decisions that are more informed with access to interactive data overlays.
The Geofacets enhancement should improve search functionality by providing additional context and enable seamless discovery of relevant information and data. In addition, Geofacets users will have access to important energy infrastructure data.