Category: News

January 25 2018

Aramco Targets Thriftier Engines to Defuse Electric-Car Threat

While Saudi Arabia tries to wean its economy off crude, the nation’s flagship company is devising new ways to make money from the fuel. Saudi Aramco, the world’s biggest oil exporter, is investing in developing more efficient gasoline-powered engines and testing new methods of turning a barrel of crude directly into petrochemicals. The goal: To […]

January 24 2018

Enel Seeks Acquisitions to Tap Into E-Cars Industry Boom

Europe’s largest utility is moving fast to benefit from the sudden surge in electric car consumption by offering charging services and developing technologies for station networks, Chief Executive Officer Francesco Starace said. “Technology is ready and getting better as we speak,” the CEO said in a Bloomberg Television interview with Haslinda Amin at the World Economic […]

January 23 2018

World’s Biggest Solar Players Say Trump’s Tariffs Could Have Been Worse

The world’s biggest solar panel manufacturers were expecting a bigger blow than the 30 percent tariff President Donald Trump slapped on U.S. imports. From China to Taiwan and South Korea, they’d been bracing themselves since October when the U.S. International Trade Commission recommended a 35 percent tariff. JinkoSolar Holding Co., the world’s largest producer of […]

January 22 2018

Big Tech Is Buying More Clean Energy Than Ever in the Trump Era

Companies, led by tech giants including Apple Inc. and Facebook Inc., are snapping up more clean energy than ever, even as shifting environmental policies from the U.S. to Europe threaten the economics of renewable energy. Forty-three businesses signed long-term agreements for a record 5.4 gigawatts of clean power including solar and wind worldwide last year, […]

January 22 2018

Solar Boom in China Pushes Clean Energy Investment Higher

“2017 was a year where China led the pack and everyone else came a distant second, including the US, where we saw about $57 billion of investment compared to about $130 billion in China.” Ethan Zindler, Americas head for Bloomberg New Energy Finance, discusses clean energy investment trends with Bloomberg’s Julia Chatterley and Scarlet Fu on […]

January 22 2018

U.S. Solar Has a $1.5 Billion, Long-Shot Plan to End a Trade War

While President Donald Trump prepares to announce his decision on new solar panel import tariffs, the U.S. industry is quietly trying to broker a sweeping deal to settle a different trade dispute with China involving an estimated $1.5 billion held by Washington. Since 2012, the U.S. has been collecting duties on panels imported from China. […]

January 19 2018

Saudis Have Their Eyes Set on Latin America in a Big Clean-Energy Push

Abdul Latif Jameel Co., a Saudi Arabian industrial group involved in everything from auto imports to real estate, is turning its attention to Latin America’s clean-energy market. The company is focusing on government-organized auctions, where developers vie for long-term contracts to sell power, according to Roberto de Diego Arozamena, chief executive officer at Abdul Latif Jameel’s […]

January 18 2018

Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks

The world’s power plants and transmission lines are more networked to each other and controlled via the Internet than ever before. And in that, Wall Street sees a business opportunity. Investors including banks and venture capital firms more than doubled their financing last year to private companies focused on developing cyber-security solutions for power-grid operators, […]

January 17 2018

Big Tech Dealmaking Accelerates in Signal Smart Cities Are Near

Robot driven taxis and computers eliminating traffic jams may appear sooner than you think after some of the biggest technology companies picked up the pace of dealmaking to bring about “smart cities” of the future. Thirty-five agreements were signed between technology companies and major metropolises to jointly work on projects in 2017, up from eight […]

January 17 2018

India Is Said to Mull Power Law Change to Boost EV Stations

India’s power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with knowledge of the plan. The approach would require amending the nation’s Electricity Act, which only allows distributors to sell power, including for electric-vehicle charging stations, according […]