Category: News

August 1 2017

BP Says It’s Breaking Even After Debt Soared to a Record

BP Plc moved to calm investor concerns after debt rose to a record, saying lower oil-spill payments for the rest of the year and funds from asset sales will ease the burden. “This year debt is going up exactly in line with payments going out for Macondo,” Chief Financial Officer Brian Gilvary said Tuesday by […]

August 1 2017

How to Clean Up Hundreds of Tons of Melted Nuclear Fuel

More than six years after three nuclear reactors melted down in Japan, the country is homing in on the lost fuel inside one of them. Japan’s biggest utility and owner of the wrecked Fukushima Dai-Ichi plant, Tokyo Electric Power Co. Holdings Inc., last week released images that for the first time showed what’s likely melted fuel […]

August 1 2017

Tesla Batteries May Back Up Wind Farm Off Massachusetts Coast

Deepwater Wind LLC is proposing to pair Tesla Inc. batteries with massive offshore wind turbines as part of a bid to supply the state of Massachusetts with clean energy generated at sea. The 144-megawatt development would stockpile electricity produced late at night, then deliver it when the grid needs it most, Deepwater Chief Executive Officer […]

July 31 2017

German Carmakers Looking Into Diesel Hardware Fix

German carmakers are closing in on a deal to provide hardware fixes to diesel cars to quell growing public uproar over the vehicles’ harmful emissions, part of a package of initiatives that could add up to as much as 5 billion euros ($5.9 billion), people familiar with the matter said. Exchanging parts, such as installing […]

July 31 2017

Elon Musk Is Borrowing Car Dealer ‘Tricks’ to Sell the Model 3: Barclays

Tesla Inc. may tout its electric cars as innovative and unlike anything else on the market, but Elon Musk’s introduction of his cheapest model yet is drawing parallels with the way dealers have pushed traditional cars for decades. The automaker’s tactics for marketing the Model 3 have been similar to how local car dealers advertise, […]

July 31 2017

Goldman Sachs’s ‘Secret’ SunEdison Loan at Center of KKR Suit

As SunEdison Inc.’s bankruptcy winds toward a close, a question lingers about the demise of what was once one of the U.S.’s most promising companies. What role did Wall Street’s biggest banks play? Goldman Sachs Group Inc. in particular, along with Deutsche Bank AG and Morgan Stanley, were involved in a margin call and a […]

July 31 2017

Model 3’s Buzz Belies U.S. Market Barely Getting a Lift From EVs

For all the excitement Tesla Inc. mustered by starting to deliver its cheaper Model 3, the tall order ahead for the sedan will be to pull off what no electric car has done to date — move the needle on the auto market. Tesla’s sedan starting at $35,000 has landed as U.S. sales of EVs […]

July 31 2017

Alphabet Wants to Fix Renewable Energy’s Storage Problem — With Salt

Source: Bloomberg Technology Alphabet Inc.’s secretive X skunk works has another idea that could save the world. This one, code named Malta, involves vats of salt and antifreeze. The research lab, which hatched Google’s driverless car almost a decade ago, is developing a system for storing renewable energy that would otherwise be wasted. It can be located almost […]

July 31 2017

Amazon and Wal-Mart Finally Give Hydrogen Power a Reason to Be

Andy Marsh sees his future — and it’s forklifts. His tiny company, Plug Power Inc., makes hydrogen fuel cells, and for years he struggled to find customers. No longer. In April, Amazon.com Inc. agreed to try out the technology in forklift fleets at 10 of its warehouses. And in July, Wal-Mart Stores Inc. matched Amazon’s […]

July 31 2017

Driving Tesla’s Model 3 Changes Everything

By Tom Randall Source: Bloomberg If you’ve ever driven Tesla’s flagship vehicle—the $140,000 Model S P100D—you’ve experienced an unparalleled version of driving power. Zero to 60 in 2.3 seconds punches you back in the seat while making the stomach turn somersaults. Some people live for that feeling. I’m not one of them. Sure, driving a fully loaded electric beast is as […]