WTF? Shell Invests in Solar

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In an interesting twist, Royal Dutch Shell is investing in solar technology to “more cleanly” recover*fossil fuels. GlassPoint Solar, a California-based company that’s*developing*solar-enhanced oil recovery technology, is getting*a*$26 million infusion*to help oil companies extract oil from*depleted fields. Shell’s*venture capital arm,*RockPort Capital, Nth Power and Chrysalix participated in the*Series B funding round....

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inetdog

Re: WTF? Shell Invests in Solar

RSSfeed wrote: »

In an interesting twist, Royal Dutch Shell is investing in solar technology to “more cleanly” recover*fossil fuels. GlassPoint Solar, a California-based company that’s*developing*solar-enhanced oil recovery technology, is getting*a*$26 million infusion*to help oil companies extract oil from*depleted fields. Shell’s*venture capital arm,*RockPort Capital, Nth Power and Chrysalix participated in the*Series B funding round....

Using solar thermal for creating steam for injection, for wells that do not produce significant amounts of gas, seems like a really sensible idea. Especially when the climate is right. (Use a backup fueled heater during sandstorms, etc.???)

BB.

Re: WTF? Shell Invests in Solar

OK--News feed makes me add a WT* filter... sigh.

-Bill