Category: News

October 6 2017

Solar’s Courting Puerto Rico, and the Ravaged Island Is All Ears

Written by Mark Chediak and Brian Eckhouse. This article first appeared in Bloomberg News. The U.S. solar industry is about to airlift rooftop panels and batteries to Puerto Rico, where more than 90 percent of homes and businesses remain without electricity after Hurricane Maria destroyed the grid. The first plane of supplies is set to […]

October 6 2017

Battery Maker Backed by African Fuel Company Seeks More Cash

A U.K. battery maker backed by the biggest producer of fuel from coal is raising new funds to develop novel technology for airplanes, drones and spaceships. Oxis Energy Ltd.’s lithium-sulfur batteries eliminate some of the safety hazards of the batteries that has kept them out of commercial use, said Chief Executive Officer Huw Hampson-Jones. The […]

October 6 2017

Brookfield Is Said to Weigh Buying Abengoa’s Atlantica Stake

Written by Manuel Baigorri and Scott Deveau. This article first appeared in Bloomberg News.  Brookfield Asset Management Inc. is in advanced talks to buy the 41.5 percent stake in Atlantica Yield Plc held by Abengoa SA as the beleaguered Spanish solar-energy company seeks to cut debt, according to people familiar with the matter. Brookfield’s clean energy unit, Brookfield […]

October 6 2017

Hong Kong’s CLP Seeks Acquisitions to Diversify, Expand in India

Written by Saket Sundria and Rajesh Kumar Singh. This article first appeared in Bloomberg News. Hong Kong’s largest power utility CLP Holdings Ltd. is scouting for more renewable power projects in India at a time when conventional generators are coping with stranded projects and under utilization. CLP India Pvt. is eyeing run-of-the-river hydro power projects, solar […]

October 6 2017

Norway Takes Hard Look at Climate Risk for Vast Oil, Gas Riches

Written by Mikael Holter. This article first appeared in Bloomberg News.  What is 47 billion barrels in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs? That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself as it prepares to take a hard […]

October 6 2017

This Junior Miner Surged Almost 1,000% in a Day After Asset Sale

Written by Aoyon Ashraf and Danielle Bochove. This article first appeared in Bloomberg News.  West High Yield (W.H.Y.) Resources Ltd., a little-known Canadian miner, surged as much as 1,000 percent after it said it sold a magnesium deposit to a U.S. buyer for $750 million — or 46 times the company’s market value. West High […]

October 6 2017

Eighty-Two-Year-Old Glassmaker Eyes Future in Next-Gen Batteries

Written by Chisaki Watanabe and Emi Urabe. This article first appeared in Bloomberg News.  Ohara Inc. sees batteries playing a bigger role in its future. The Sagamihara, Japan-based optical glassmaker, whose products are used in precision optical devices such as digital cameras and telescopes, is eyeing a share of the fast-growing battery market with a […]

October 6 2017

Why Energy-Rich Australia Suffers the World’s Priciest Power

Written by Perry Williams. This article first appeared in Bloomberg News.  A bungled transition from coal to clean energy has left resource-rich Australia with an unwanted crown: the highest power prices in the world. New Yorkers pay half as much as Sydneysiders to keep the lights on, despite Australia boasting among the world’s largest coal and […]

October 5 2017

Boeing-Backed Startup Sees Hybrid-Electric Flights in Five Years

Written by Julie Johnsson. This article first appeared in Bloomberg News.  As automakers race to put battery-powered cars on the road, a Boeing Co.-backed startup plans to put a hybrid-electric aircraft into commercial service within five years. Zunum Aero’s 12-seat plane will carry battery packs and a small fuel reserve for a back-up engine. The […]

October 5 2017

Dutch Regulator Warns Banks and Insurers to Factor in Climate Change

Written by Alessandro Speciale and Eric Roston. This article first appeared in Bloomberg News.  Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases the risk of extreme weather events, regulators are giving more […]