Chevron New Energies, the low carbon business unit of the oil and gas giant, has integrated its Emerging business line into the Carbon Capture, Utilization, and Storage (CCUS) unit. This move expands the responsibilities of VP Chris Powers to include overseeing emerging technologies such as geothermal and lithium. The company is keen on exploring potential synergies between these technologies and CCUS, as well as with other parts of its portfolio, which encompasses carbon capture, hydrogen, renewable fuels, and carbon offsets as outlined in its $10 billion capital allocation package established in 2021. Geothermal energy is being considered as a source for CCUS and hydrogen production. Chevron has been actively investing in carbon capture technology, with notable projects including leading a Series A round of investment into ION Clean Energy, collaborating with JX Nippon Oil&Gas Exploration for a CCS value chain, and participating in a funding round for Canadian carbon capture and removal company Svante. The company has also made strides in the hydrogen sector, with plans for a solar-to-hydrogen project in California's Lost Hills field that is projected to generate 2.2 tons of hydrogen daily by 2025. This strategic expansion into emerging technologies and continued investments in carbon capture and hydrogen demonstrate Chevron's positive outlook towards a low carbon future and commitment to sustainable energy solutions.