Alternative Energy
The company is developing alternative energy sources, including geothermal, solar, wind, biofuel, fuel cells, photovoltaics, advanced and hydrogen fuel for transport and power technologies through Chevron Energy Solutions and Chevron Technology Ventures. The company plans to spend at least $2 billion on renewable power ventures and research between 2010 and 2013.
In addition to developing its own technologies, Chevron has cut its energy use by a third since 1992 by utilizing hydrogen fuel cells and solar panels at its facilities.
Read more about this topic: Chevron Corporation
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