renewable energy and emerging technology

alternative and renewable energy sources play a role in meeting future energy demand

"For the latest figures, view the 2016 Supplement to the Annual Report (4.7 MB)."

Chevron continues to be committed to understanding and evaluating the economic viability of investments in renewable energy. We pursue renewable energy technologies that leverage our company’s strengths and that can be deployed with competitive economic returns. These technologies include advanced biofuels, wind power and solar energy, in addition to energy efficiency technologies. We conduct internal research and collaborate with governments, businesses and academia in researching and developing alternative and renewable energy sources. Through these partnerships, we share information and help to advance technology that can lead to more renewable energy for future generations.

advanced solar technologies

Photovoltaic cells made from silicon alloys can convert sunlight into other forms of energy, such as heat and electricity. Steam generators using thermal collectors to heat water sometimes convert even larger amounts of solar energy into electricity. Solar power can help alleviate capacity problems on local utility grids and reduce greenhouse gas emissions by decreasing the use of electricity from power plants that use fossil fuels.

Chevron's photovoltaic projects at Questa, New Mexico, and in the San Joaquin Valley, California, continue to test and evaluate solar technologies. The installation at Questa, for example, uses lenses to focus sunlight onto three-layer solar cells. Since its inception in April 2011 through the end of 2015, the Questa project has produced 7.2 million kilowatt-hours of renewable energy.

Project Brightfield, a demonstration of solar energy technologies in Bakersfield, California, has evaluated seven photovoltaic technologies to help determine the potential application of renewable power at other company-owned facilities. The project currently operates on the site of a former Chevron refinery. 

Chevron has also invested in five joint-venture photovoltaic solar facilities in California, Arizona and Texas, which, at peak capacity, generate a combined 73 megawatts of renewable energy.

wind power

Our Casper Wind Farm, commissioned in 2009, has turned a former refinery site near Casper, Wyoming, into an 11-turbine, 16.5 megawatt capacity wind farm, enough to power approximately 4,400 homes.

biofuels

Biofuels are one of Chevron’s renewable energy focus areas. We believe that biofuels that complement conventional transportation fuels will play an increasing role in meeting the world's growing energy needs.

Almost all of the gasoline Chevron sells in the United States contains ethanol, a conventional biofuel derived from edible sugars and starches. We also conduct research on advanced biofuels, but limit our choice of raw materials to those that do not materially affect food or feed supplies.

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chevron technology ventures

Chevron Technology Ventures (CTV) is a division of Chevron that identifies, evaluates and demonstrates emerging technologies. CTV champions innovation, commercialization and integration of emerging technologies within Chevron.

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