Industrial | Page 116

Shell announced plans to link executive pay to the meeting of its energy targets, one of a series of steps aimed to help meet their target to reduce the company’s net carbon footprint by around half by 2050, including an interim target of around 20% by 2035.

Volvo Construction Equipment announced a 98% reduction in carbon emissions, a 70% reduction in energy cost and a 40% reduction in operator cost from its Electric Site research project, which aims to electrify each transport stage in a quarry

Ontario Power Generation (OPG) and Stem, Inc. announced the launch of a new partnership on advanced energy storage systems that will assist Ontario industrial manufacturers in managing electricity costs.

Mercury Marine, the Fond du Lac, Wisc.-based marine propulsion and technology company, announced it is making progress towards a 2019 goal to reduce annual energy consumption by 45% from a 2005 baseline. In the past year, the company reduced energy consumption by 5%, for a cumulative decline of 38% since 2005.

The forecast for the energy storage market, including behind-the-meter and grid-scale batteries, is expected to boom in the coming decades as the cost of batteries continues to fall.

The U.S. Department of Energy’s Better Buildings, Better Plants program partners have posted savings of more than $5.3 billion in cumulative energy costs, which represents approximately 12% of the U.S manufacturing energy footprint.

It's the weekend! Kick back and relax with these must-read energy articles from around the web:

Huntsman Corporation, the global chemical manufacturer, announced that its total energy use in 2017 was below a 2006 baseline, with production intensity also decreasing slightly in 2017 due to the decrease in energy usage.

Kingspan Group announced on Oct. 4 that it is committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative supports participating companies to determine how much they must cut their emissions to prevent the worst impacts of climate change.