Opposites Attract: How Oil and Gas and Renewables+Storage are the Perfect Match

Presentation Description: As we live through a global pandemic and are challenged with persistent blackouts and wild fires that threaten the reliability of energy production resources, the oil and gas industry continues to evolve and demonstrate resilience amongst uncertainty. Companies across global sectors are committing to “clean energy”, “sustainability” and “reducing emissions”, including the oil and gas industry. The players at the negotiation table have evolved and the oil and gas industry is experiencing a period of growth and fundamental reshaping. While the oil and gas industry and the renewables and storage sectors seemed like an unlikely partnership, oil and gas producers are uniquely situated to utilize battery storage and renewable technologies to power their operations at all stages of oil and gas recovery. As concerns about greenhouse gas emissions loom, companies are considering how they can integrate renewables into their energy mix.
This session will provide an overview of the growth of the battery storage industry, a discussion of how hybrid renewable plus battery storage facilities can meet emissions and reliability goals of participants in the oil and gas industry, and a brief description of the additional value that federal tax credits and recent regulatory orders that encourage battery storage facilities to amplify the benefits of investing in a hybrid facility.