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 you have abandoned one faith, do not abandon all faith. There is always an alternative to the faith we lose. Or is it the same faith under another mask?”
—Graham Greene (1904–1991)
“I rather think the cinema will die. Look at the energy being exerted to revive it—yesterday it was color, today three dimensions. I don’t give it forty years more. Witness the decline of conversation. Only the Irish have remained incomparable conversationalists, maybe because technical progress has passed them by.”
—Orson Welles (1915–1984)