Category: News

October 5 2017

Siemens Exits Lighting With $1.4 Billion Sale of Osram Stake

Written by Oliver Sachgau, William Canny, and Ruth David. This article first appeared in Bloomberg Markets.  Siemens AG’s complete withdrawal from the lighting industry further scales back the once sprawling German conglomerate, as Chief Executive Officer Joe Kaeser offloads assets from trains to medical scanners to household equipment in rapid succession. The Munich-based company completed […]

October 5 2017

Theresa May’s U.K. Energy Price Cap Signals Wafer Thin Margins

Written by Jess Shankleman, Alex Morales and Mathew Carr. This article first appeared in Bloomberg News. Britain’s utilities are the new political punching bag after Theresa May proposed a price cap to insulate customers from higher prices. Centrica Plc plunged to a 14-year low after the prime minister said she wants to “bring an end […]

October 5 2017

U.K. Energy Users Have a Taste of Brexit and They Don’t Like It

Written by Kelly Gilblom and Mathew Carr. This article first appeared in Bloomberg Markets. Britain is getting a preview of what some energy bills might be like after Brexit. And it’s not popular. While negotiations on the U.K.’s exit from the European Union have stalled, natural gas prices had the biggest summer rally in three […]

October 4 2017

U.S. Trade Dispute Scaring Companies From Buying Solar Power

Written by Brian Eckhouse. This article first appeared in Bloomberg Technology.  A trade dispute over solar imports has stalled clean-energy projects across the U.S. With the looming prospect of tariffs driving up the price of panels, utilities and businesses are holding off on signing deals to buy solar power. It may be months before they […]

October 4 2017

Germany Backs European Battery Champion to Take on Tesla

Written by Brian Parkin, Birgit Jennen and Ewa Krukowska. This article first appeared in Bloomberg Technology.  The Europe Union’s biggest economy may be warming to the creation of bloc-wide battery consortium to take on the likes of Tesla Inc. and Panasonic Corp. German industrial and automotive giants including BASF SE and BMW AG have been […]

October 4 2017

Centrica Sinks to 14-Year Low as May Plans Energy Cap Law

Written by Lars Paulsson, Mathew Carr and Alex Morales. This article first appeared in Bloomberg News.  Centrica Plc slumped to its lowest level since 2003 as the U.K. government plans to publish a draft law as early as next week to cap household energy prices. Shares in the U.K.’s biggest power and gas supplier to […]

October 4 2017

Tesla’s Model 3 Delays Don’t Faze Investors

Written by Dana Hull and David Welch. This article first appeared in Bloomberg Technology. Shareholders shrugging off Tesla Inc.’s plodding start with its newest electric car were backed up by the newest analyst to start covering the company, who instantly became the biggest bull on Wall Street. Nomura analyst Romit Shah recommended buying Tesla shares, slapped […]

October 4 2017

The Army of Women Battling India’s $10 Billion Power Problem

Written by Bhuma Shrivastava. This article first appeared in Bloomberg News. India’s power companies have a problem largely responsible for $10 billion a year in losses. Slum dwellers steal electricity and refuse to pay their bills. But company officials often can’t go in without being chased by mobs—and sometimes beaten, tied up, urinated on, even murdered. So officials at Tata Power Co.’s […]

October 3 2017

U.S. Tax Reforms Would Leave Renewable Energy Out in the Cold

Written by Brian Eckhouse. This article first appeared in Bloomberg Markets.  The prospects for a broad tax reform with lower corporate rates has excited business leaders and boosted the stock market — except for renewable energy. Tax reform “will make renewables more expensive,” Keith Martin, a partner at law firm Norton Rose Fulbright, said in […]

October 3 2017

Storms Spur $22 Billion Investment in Battery-Backed Grids

Growing demand for more resilient power supplies will spur $22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research. Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it’s needed. Navigant expects 14.9 gigawatts […]