Category: News

October 18 2017

World’s First Floating Wind Farm Begins Operating in Scotland

Written by Anna Hirtenstein. This article first appeared in Bloomberg News.  The world’s first floating offshore wind farm started delivering electricity to the grid in the north of Scotland. The Hywind project, built by Norwegian oil company Statoil ASA and Masdar Abu Dhabi Future Energy Co., has five turbines floating 25 kilometers (16 miles) off […]

October 18 2017

Enel to Seek More Deals in Energy Storage Business, CEO Says

Written by Chiara Albanese and Dina Khrennikova. This article first appeared in Bloomberg Markets.  Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources. Europe’s biggest utility by market capitalization sees the U.S., Europe and Latin […]

October 18 2017

How China’s Economic Shock Therapy is Shaking Up Commodities

This article first appeared in Bloomberg Markets.  China’s President Xi Jinping said the world’s biggest producer and consumer of almost all commodities will deepen supply-side reforms and stick to the capacity cuts that have shaken up global raw materials markets. China’s economy has shifted to a period where high quality is sought, moving away from […]

October 18 2017

Toyota Targets 620-Mile Range With Concept Fuel-Cell Vehicle

Written by Kevin Buckland. This article first appeared in Bloomberg Technology.  Toyota Motor Corp. is set to unveil a fuel-cell concept car that aims to offer 50 percent more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven vehicles. Toyota’s fuel cell concept vehicle Fine-Comfort Ride. […]

October 18 2017

Egypt Draws $1.8 Billion Investments for 1.4 Gigawatts of Solar

Written by Anna Hirtenstein. This article first appeared in Bloomberg Markets. Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp. The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation […]

October 18 2017

Foxconn and IDG Seeking $1.5 Billion for Car Tech Fund

This article first appeared in Bloomberg News. Foxconn Technology Group and venture firm IDG Capital are seeking to raise a 10 billion yuan ($1.5 billion) fund to seed startups in automotive technologies from self-driving AI to battery development, according to a presentation for investors. Foxconn and IDG initiated talks with government-backed funds, financial institutions and […]

October 18 2017

You Can Now Charge Electric Cars at Shell in the U.K.

Written by Jess Shankleman. This article first appeared in Bloomberg News.  Royal Dutch Shell Plc opened its first rapid charging point for electric cars at gasoline stations in the U.K., the latest sign that oil majors are waking up to the disruption plug-in vehicles could have on their industry. The new Shell Recharge service is […]

October 17 2017

Dictator-Era Rules Stand Between Carmakers and Lithium Riches

Written by Laura Millan Lombrana. This article first appeared in Bloomberg News. A little-known nuclear agency, designated as Chile’s lithium watchdog 38 years ago during the military dictatorship, holds the keys to unlocking the country’s massive reserves amid a nascent electric-car boom. The Chilean Nuclear Energy Commission, or CCHEN by its Spanish initials, authorizes lithium […]

October 17 2017

Driverless Cars Will Open the Door to a Building Spree

Written by Patrick Clark. This article first appeared in Bloomberg Markets.  It’s 2027 (or 2037) and the age of the self-driving car. City-dwellers have traded in their car keys for ride hails. Street parking has been replaced by wider sidewalks and bike lanes, while developers are busy converting garages into much-needed housing. That’s one vision […]

October 17 2017

Fight for Iraq’s Future Targets 90-Year-Old Kirkuk Oil Field

Written by Anthony Dipaola. This article first appeared in Bloomberg Markets.  The latest battle for Iraq’s future is unfolding around the country’s oldest oil field. Federal government troops pushed back forces from the semi-autonomous Kurdish region with a rapid thrust into Kirkuk province in northern Iraq, breaking a stand-off over the long-disputed area. Baghdad wants to reassert […]