Industrial | Page 79

Graham Corporation announced for fiscal 2021, total renewable energy was 5.2%, up from 1.5% in fiscal 2020. During this period, Graham also reduced its total energy consumption by 6.2% year over year.

BorgWarner announced its commitment to a net zero carbon emissions future and its target of a 45% electric revenue mix by 2030. The company is on track to generate more than 25% of its revenue from electrified vehicle parts by 2025.

Thermo Fisher Scientific Inc. achieved a 12% reduction in Scope 1 and 2 emissions compared to 2018.

The Department of Energy announced  $15.3 billion in energy savings through the Better Buildings Initiative, a public-private partnership with more than 900 businesses, state and local governments, utilities, housing authorities, and other organizations across the U.S. In the 2022 Better Buildings Progress Report, members of the initiative share their solutions.

Toyota Motor and its subsidiary, Woven Planet Holdings, Inc. developed a working prototype of its portable hydrogen cartridge to power various applications in and outside of the home.

Hecla Mining Company achieved net zero on Scope 1 and Scope 2 carbon emissions and reduced emissions by 44% from 2019 baseline levels.

Chevron U.S.A. Inc., through its Chevron New Energies division, announced the launch of a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California.

Altering the production of petrochemicals to omit carbon emissions requires investing an extra $759 billion by 2050, according to a new report from research firm BloombergNEF (BNEF).

First Movers Coalition members Alphabet, Microsoft and Salesforce collectively committed $500 million to carbon dioxide removal (CDR) at the World Economic Forum Annual Meeting 2022 in Davos.