Phillips 66 to Power San Francisco Refinery With Solar Energy

Zacks12-12

Phillips 66 PSX, a leading global refiner, has partnered with the electrical utility firm NextEra Energy NEE to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490897627?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/URo4y7qb2pQm0hRaH0.ekw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/297e46fdf3a8eb158eacb7ef05b47a98","is_english":true,"pubTime":"2024-12-12 02:42","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490897627","market":"us","top_or_hot":-1,"title":"Phillips 66 to Power San Francisco Refinery With Solar Energy","media":"Zacks","content":"<div>\n<p>Phillips 66 PSX, a leading global refiner, has partnered with the electrical utility firm NextEra Energy NEE to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new ...</p>\n\n<a href=\"https://finance.yahoo.com/news/phillips-66-power-san-francisco-184200675.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Phillips 66 to Power San Francisco Refinery With Solar Energy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhillips 66 to Power San Francisco Refinery With Solar Energy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 02:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/phillips-66-power-san-francisco-184200675.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Phillips 66 PSX, a leading global refiner, has partnered with the electrical utility firm NextEra Energy NEE to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new ...</p>\n\n<a href=\"https://finance.yahoo.com/news/phillips-66-power-san-francisco-184200675.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMG7P587.USD","symbol_name":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/phillips-66-power-san-francisco-184200675.html","article_id":"2490897627","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/URo4y7qb2pQm0hRaH0.ekw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/297e46fdf3a8eb158eacb7ef05b47a98"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490897627","pubTimestamp":1733942520,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Phillips 66PSX, a leading global refiner, has partnered with the electrical utility firm NextEra Energy NEE to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new solar facility, which will be owned and operated by NextEra Energy.The new solar plant is estimated to have a 30.2 megawatts  power generation capacity. The plant is expected to be operational in January 2025, gradually increasing its power generation capacity over the first quarter of the year. The new solar facility shall be constructed on 88 acres of land owned by Phillips 66, located close to its renewable fuels facility based in the San Francisco Bay area. The solar facility is set to have more than 70,000 solar modules. It is anticipated to produce 60,000 MW hours of electricity annually.Phillips 66 converted its Rodeo refineryinto a renewable fuels facility earlier this year. The Rodeo complex has completely ceased crude oil processing and shifted to producing renewable diesel and sust","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","BK4534":"瑞士信贷持仓","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2298322129.HKD":"BGF SUSTAINABLE ENERGY \"A2\" (HKDHDG) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2298064838.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" (USD) ACC","FTI":"德希尼布FMC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","IE00BGHQF417.EUR":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","PSX":"Phillips 66","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4081":"电力公用事业","BK4588":"碎股","BK4581":"高盛持仓","LU0124384867.USD":"贝莱德新能源基金A2","BK4084":"特种房地产投资信托","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","BK4234":"特殊用途房地产信托","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","PW":"Power REIT","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","NEE":"新纪元能源","NEP":"Nextera Energy Partners","BK4096":"电气部件与设备","LU1883866441.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","FCEL":"燃料电池能源","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","BK4541":"氢能源","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4597":"股息贵族","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU1917777945.USD":"安联专题基金Cl AT Acc"},"translate_title":"Phillips 66将利用太阳能为旧金山炼油厂供电","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1,"PSX":1,"NEE":1,"FTI":1,"NEP":0.9,"FCEL":0.9},"content_text":"Phillips 66 PSX, a leading global refiner, has partnered with the electrical utility firm NextEra Energy NEE to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new solar facility, which will be owned and operated by NextEra Energy.\nOverview of the Solar Facility\nThe new solar plant is estimated to have a 30.2 megawatts (MW) power generation capacity. The plant is expected to be operational in January 2025, gradually increasing its power generation capacity over the first quarter of the year. The new solar facility shall be constructed on 88 acres of land owned by Phillips 66, located close to its renewable fuels facility based in the San Francisco Bay area. The solar facility is set to have more than 70,000 solar modules. It is anticipated to produce 60,000 MW hours of electricity annually.\nRenewable Energy Impact on Refinery Operations\nThe new solar facility should help the refinery reduce its grid power demand by almost 50%. This will also help PSX’s Rodeo refinery reduce its dependence on external power sources. Furthermore, the solar facility will help the refinery cut down its carbon dioxide emissions by nearly 33,000 metric tons per year, beginning in the January quarter of 2025.\nPhillips 66 converted its Rodeo refinery into a renewable fuels facility earlier this year. The Rodeo complex has completely ceased crude oil processing and shifted to producing renewable diesel and sustainable aviation fuels (SAF). The renewable fuel facility achieved full production capacity after its conversion, producing nearly 50,000 barrels of renewable diesel and SAF per day.\nZacks Rank and Key Picks\nCurrently, both PSX and NEE carry a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the energy sector are FuelCell Energy FCEL and TechnipFMC plc FTI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nTechnipFMC plc is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The company’s total backlog witnessed a high of $14.7 million in the third quarter of 2024, indicating an 11.1% increase from the previous year’s level. This growing backlog ensures strong revenue growth for FTI.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNextEra Energy, Inc. (NEE) : Free Stock Analysis Report\nTechnipFMC plc (FTI) : Free Stock Analysis Report\nPhillips 66 (PSX) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490897627"}