Happy Monday and welcome back to another week of ESC News Blog!
Did anyone happen to read the Oil & Gas
Journal’s Energy Transition Update Newsletter on June 20, 2024, their
article titled, “Oxy’s low carbon ventures subsidiary signs MOU to explore
fusion energy for DAC”? The article was on
the signing of the memorandum of the understanding (MOU) between Oxy Low Carbon Ventures (OLCV) and TAE Technologies for the possible commercial
application of TAE’s Power Solutions
to OLVC’s Direct Air Capture (DAC) facilities. TAE’s Power Solutions is fusion
technology which is emission-free, uninterrupted and ready when needed power. Fusion happens in a reactor when nuclei
collide and produce energy as a by-product, and this makes the steam which then causes
a turbine to spin to make electricity for a generator to use as electricity or
heat. OLCV will have to use different clean energies
depending on the location of their DAC. OLCV
and TAE Technologies collaboration will help OLCV’s mission of helping clean up
carbon dioxide from our air, nonetheless they need power to work their
equipment and TAE’s fusion technology will help them be clean there! If you would like to read more of Oil &
Gas Journal’s article, please click the link: Oxy’s
low carbon ventures subsidiary signs MOU to explore fusion energy for DAC | Oil
& Gas Journal (ogj.com).
How can we help you reduce your greenhouse gas
emissions on your liquid petroleum product transportation system? We can help
update your emission controls or look to see what is under your feet to help
lower your emissions, contact us via email in the blog and check out our ESC's
website!
We hope you
have a wonderful evening!
**Disclaimer:
You may be charged a fee to read the Oil and Gas Journal’s article. **