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
Famous quotes containing the words alternative and/or energy:
“If the alternative is to keep all just men in prison, or give up war and slavery, the State will not hesitate which to choose.”
—Henry David Thoreau (1817–1862)
“Since the beginning of time, three-quarters of the mental energy and of the lies inspired by vanity have been expended for their inferiors by people who are only abased by such expenditure. And Swann, who was easygoing and unaffected with a duchess, trembled at the thought of being scorned and put on airs when he was with a housemaid.”
—Marcel Proust (1871–1922)