Solar and Big Oil Join Forces in Middle East
Solar
technology can use heat from the sun to extract heavy crude from aging
fields—and the idea is gaining ground and investment from big oil
companies like Shell.Last week, Royal Dutch Shell Plc. (RDSA), RockPort
Capital and a few others invested a total of $26 million in
California-based GlassPoint Solar Inc. The investment will spur the
company’s expansion in the Middle East--and it’s all about crude oil
extraction. What the energy majors are eyeing in particular is
GlassPoint’s Enclosed Trough Concentrating Solar…Read more...http://oilprice.com/Alternative-Energy/Solar-Energy/Solar-and-Big-Oil-Join-Forces-in-Middle-East.html
No comments:
Post a Comment