Category: News

August 3 2017

JSW Energy Abandons Power Expansion Goal to Focus on Profits

Power producer JSW Energy Ltd. is scrapping its plans to more than double capacity amid falling tariffs and a glut of electricity in India. JSW Energy won’t pursue plans to increase its power generation capacity to 10 gigawatts by 2020 and focus on boosting profits instead, Chief Executive Officer Prashant Jain said, adding that there is […]

August 3 2017

Germany to Take on Tesla With Gigafactory Rival

German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc.’s Gigafactory. Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month to build its 34 gigawatt-hour battery factory, Frankfurt-based Chief Executive Officer Holger Gritzka […]

August 2 2017

GE Claims Vestas Infringes Wind Turbine Power Control Patent

General Electric Co., which lost its top spot in wind turbine sales this year, claims new market leader Vestas Wind Systems A/S is using its technology to protect their turbines from dramatic fluctuations in power. The dispute comes as the U.S. wind industry is gearing up for significant growth. At the end of June, more […]

August 2 2017

IKEA Starts Selling Solar Batteries to U.K. Homeowners

Home retailer IKEA of Sweden AB said it would start selling batteries for rooftop solar panels in the latest sign that once-costly storage technologies are becoming mainstream. The Solar Battery Storage system was announced in partnership with U.K. panel provider Solar Century Holdings Ltd. on Wednesday, providing potential savings on electricity bills by enabling users […]

August 2 2017

VW, Daimler and BMW to Upgrade 5 Million Diesels in Rescue Pact

Volkswagen AG, Daimler AG and BMW AG agreed to upgrade more than 5 million newer diesel cars in Germany and offer trade-in rebates on older models, avoiding more costly remedies in a bid to salvage diesel technology and avoid driving bans in cities. The recalls, hashed out at an emergency summit in Berlin on Wednesday, will […]

August 2 2017

The Electric Zero DS ZF6.5 Is the Tesla Model 3 of Motorcycles

For 10 years, California-based Zero Motorcycles Inc. has been carefully breaking into the broader bike market, offering power­ful emission-­free motorcycles. Its newest bike, the Zero DS ZF6.5, is the two-wheel equivalent of the much ­anticipated Tesla Model 3: cute, reasonably priced, and superb for day-to-day use. This is key, because even though consumers like to […]

August 2 2017

Glencore Asks Australia to Focus on Economy Before Climate Deal

Australia may need to consider delaying its goals to combat global climate change in order to prioritize energy security and economic prosperity, according to a senior executive at Glencore Plc. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has undermined investor confidence and may force businesses to shut or move offshore, the commodity […]

August 2 2017

Shale Drillers Show Few Signs of Slowing Down as Profits Expand

The shale surge that’s tied down global oil prices showed no signs of abating on Tuesday, as four of the biggest U.S. drillers said they’re not backing away from lofty production targets for 2017. In second-quarter earnings reports, EOG Resources Inc., Devon Energy Corp., Newfield Exploration Co. and Diamondback Energy Inc. all outlined goals that […]

August 2 2017

Global Gas Market May Be the One Place Where the Little Guy Wins

The failure of a $27 billion project last week may offer a lesson to natural gas exporters: Go small or go home. With a global glut dragging down prices, liquefied natural gas suppliers including Cheniere Energy Inc. and Tellurian Inc. are looking to build smaller and cheaper. Such projects — a third of the size and a […]

August 2 2017

Germany Makes Last-Ditch Effort to Rescue Diesel at Summit

After nearly two years of constant crisis, the German car industry is looking to salvage its beleaguered diesel technology and draw a line under an emissions scandal that shows no signs of abating. At an emergency summit in Berlin called by the government, the chief executives of Volkswagen AG, Daimler AG and BMW AG will […]