Total to invest $500m a year in renewables

Energy giant Total will invest $500m a year into renewables according to Chris Billing of Total Gas & Power.

He said the company was well down a path of diversifying from its traditional oil and gas business, which he said was in line with the global power market.

“Last year there was $330bn invested in renewables and 20 per cent of the world’s electricity comes from renewables.”

Speaking at Energy Live 2016 in London, Billing said that the energy sector was firmly in the midst of the 21st century big data revolution.

“Ten years ago the words cloud, app and smart were practically a foreign language. We are now heading towards the convergence of how energy is created and how energy is consumed.

“The internet of energy is becoming a reality.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...