Category: News

September 26 2017

Entire U.S. Nuclear Power Fleet Could Disappear in 38 Years: S&P

Mark Chediak The U.S. nuclear power industry could be out of business by the middle of the century. The entire existing fleet of reactors may disappear by 2055 when the last operating license expires, S&P Global Ratings said in a report. That’s assuming there will be no license extensions. Half of the country’s 99 nuclear […]

September 26 2017

Europe Could Attract $417 Billion With Higher Wind-Power Target

Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said. The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables […]

September 26 2017

Modi Will Spend $2.5 Billion on Pledge to Electrify Every Home

Rajesh Kumar Singh India’s Prime Minister Narendra Modi unveiled a 163.2 billion-rupees ($2.5 billion) program to ensure electricity for all households. The program will help poor people get electricity connections at no cost, Modi said in a speech in New Delhi on Monday, adding that his government is making efforts to provide power to about […]

September 26 2017

Toyota Needs These Startups to Crack the Driverless Code

When it comes to cracking the code for self-driving cars, startups have an edge on big business, says computer scientist Katsuya Uenoyama. Katsuya Uenoyama Source: PKSHA Technology That may sound like bravado coming from the co-founder of a venture with just 30 employees working out of a small office in Tokyo, but Toyota Motor Corp. […]

September 25 2017

Uber CEO Strikes Conciliatory Note in London License Fight

Adam Satariano Uber Technologies Inc.’s potential ban in London is giving new Chief Executive Officer Dara Khosrowshahi an early opportunity to demonstrate a more humble approach to conflict than co-founder Travis Kalanick. Responding to last week’s decision by London authorities to revoke its license, Khosrowshahi acknowledged the company played fast and loose with the rules […]

September 25 2017

Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil

Joe Carroll The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the U.S. for 12 years and have a market value of […]

September 25 2017

Rival Automakers Are Funding Tesla Through Electric Car Credits

Tesla Inc. has generated nearly $1 billion in revenue the last five years from an unlikely source: Rival automakers. The payments are part of an unpopular system in California that’s poised to proliferate elsewhere. California requires that automakers sell electric and other non-polluting vehicles in proportion to their market share. If the manufacturers don’t sell […]

September 25 2017

EU Power Generators Warn Plan to Cut Use of Coal May Backfire

A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy. European Commission is considering a law that would effectively block many coal-fired plants from getting support payments under the […]

September 25 2017

ABB to Revamp GE’s `Unloved Child’ in $2.6 Billion Deal

Swiss engineering company ABB Ltd. agreed to buy General Electric Co.’s industrial solutions business for $2.6 billion to strengthen its foothold in the U.S., the world’s biggest market for electrification products like circuit breakers and switch gears. ABB will incur costs of $400 million over five years to integrate GE’s industrial solutions unit, Chief Executive Officer […]

September 24 2017

Want Free Parking? Drive an Electric Car in Dubai

Dubai, with its 14-lane highways and car-dependent residents, will provide free parking and toll-free driving to encourage motorists to shift to electric cars as a way of cutting carbon emissions in the oil-rich United Arab Emirates. The Dubai Electricity and Water Authority aims to have 32,000 electric cars on local roads by 2020 and 42,000 by 2030, Chief […]