Chevron 2010 Annual Report Download - page 62

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60 Chevron Corporation 2010 Supplement to the Annual Report
Other Businesses Power Generation and CES
Venture Capital
• Transferred 12 new technology applications into Chevron’s core operations, including remote visual tracking, remote monitoring and
crude oil viscosity technology.
• Invested in five start-up companies involved in high-density materials for hydraulic fracturing, electric submersible pumps, innovative
downhole data measurement and transmission, high-performance cloud data storage, and drilling fluid filtering and separation.
Power Generation
Chevron’s Global Power Company manages interests in 13 power-generation assets with a total operating capacity of more than 3.1 ter-
awatts, primarily through joint ventures in the United States and Asia. The company has more than 25 years of experience in successfully
developing and operating commercial power projects for utilities and large industrial customers worldwide. Twelve of the assets consist
of efficient combined-cycle and gas-fired cogeneration facilities that utilize waste-heat recovery to produce electricity and support indus-
trial thermal hosts. The 13th facility is a wind farm, located in Casper, Wyoming, that is designed to optimize the use of a decommissioned
refinery site for delivery of clean, renewable energy to the local utility provider.
The global power organization also provides comprehensive technical services, utilizing state-of-the-art tools and technology, benefiting
the company’s power-generation assets embedded within production and refining facilities, including a number of facilities that provide
steam for enhanced recovery in heavy oil operations. As the company’s center of excellence for power generation, these assets deliver
world-class reliability results.
In addition, Chevron is the world’s largest producer of geothermal energy, with major operations in Indonesia and the Philippines. For
additional information on the company’s geothermal activities, see pages 31 and 32.
Chevron Energy Solutions (CES)
CES is a wholly owned subsidiary that develops and builds sustainable energy projects that increase energy efficiency and renewable
power, reduce energy costs, and ensure reliable, high-quality energy for government, education and business facilities. Since 2000,
CES has developed hundreds of projects that help customers reduce their energy costs and environmental impact. Projects announced
in 2010 include the City of Brea Energy Efficiency and Solar Project in California, the Marine Corps Logistics Base Albany Landfill Gas
Project in Georgia, and the University of Utah Thermal Storage and New Central Plant Project.