Category: News

August 11 2017

IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018

By Grant Smith The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations. World oil markets are re-balancing as the Organization of Petroleum Exporting Countries and its allies implement production cuts, the IEA said in its […]

August 11 2017

London Solar Auctions Aim to Make City Greenest on Earth

By Jess Shankleman London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and […]

August 11 2017

The U.S. Nuclear Industry’s Last Hope Seeks Help From Trump

President Donald Trump has vowed to revive America’s dying nuclear industry. Backers of a troubled Georgia nuclear project want him to prove it. They have asked the administration to come to the aid of a project to build two reactors to the Southern Co.’s Vogtle power plant, according to people familiar with the talks. That could […]

August 11 2017

Cheap Electrics Swarm Madrid in Challenge to Conventional Cars

By Thomas Gualtieri In Madrid, the future of the auto industry is starting to take shape, and it’s clean, cheap and shared, reflecting the challenges looming over the conventional car. More than 100,000 customers flocked to Emov, a new electric-car service, in just five months. It’s catching up with Daimler AG’s Car2Go, which boasts 166,000 […]

August 11 2017

True Green Raises $350 Million for Commercial, Industrial Solar

By Brian Eckhouse True Green Capital Management LLC, an infrastructure asset management firm with more than $500 million under management, raised $350 million for commercial and industrial solar investments. The Westport, Connecticut-based asset manager closed True Green Capital Fund III on June 30, Managing Partner Panos Ninios said in an interview. The fund was oversubscribed, […]

August 11 2017

The Diesel Scandal Haunts Bosch’s Hopes to Be a Global Giant

By Dune Lawrence, Kartikay Mehrotra, Christoph Rauwald, Elisabeth Behrmann, and Ryan Beene There’s a saying in Stuttgart, where Robert Bosch GmbH was founded in 1886: “Halt dei Gosch, i schaff beim Bosch.” It’s a dismissive retort—roughly “Shut up, I’m the one working for Bosch”—suggestive of the company’s culture of engineering brilliance, which has made it […]

August 11 2017

The Coming Backlash to ‘Greenwashing’ of Bonds

By Luca Morreale So-called green bonds, which raise money for environmentally friendly purposes, have exploded in popularity in recent years. So have concerns about “greenwashing,” or making misleading claims about just how good an environmental friend the seller is. The European Union has signaled that it may step in to oversee the market, using tools […]

August 11 2017

Major Miners’ Battle to Get Into Batteries Steps Up a Notch

By David Stringer The world’s biggest miners’ determination to muscle into the burgeoning battery market stepped up a notch with Rio Tinto Group reporting breakthroughs in cracking the technology needed to unlock its giant lithium project in Serbia that could meet 10 percent of global demand. Tests at a research facility in a converted shipping container in […]

August 11 2017

NRG Sale Draws Possible Suitors Including GIP, NextEra

By Matthew Monks, Brian Eckhouse, and Mark Chediak Utility giant NextEra Energy Inc. and investment fund Global Infrastructure Partners are among at least seven companies looking into buying renewable energy assets from NRG Energy Inc., the U.S. power generator under pressure from billionaire investor Paul Singer to streamline. Private equity firm Blackstone Group LP, GIC Pte, […]

August 11 2017

Parked Electric Cars Earn $1,530 Feeding Power Grids in Europe

By Jess Shankleman Electric car owners are earning as much as $1,530 a year just by parking their vehicle and feeding excess power back into the grid. Trials in Denmark carried out by Nissan Motor Co. and Italy’s biggest utility Enel SpA showed how batteries inside electric cars could help balance supply and demand at […]