Category: News

July 13 2017

New IPO Rules Could Help Lure Aramco to London

The U.K. market regulator may change listing rules for companies controlled by a sovereign country as London woos Saudi Arabian Oil Co., which is planning what could be the world’s largest initial public offering. The Financial Conduct Authority Thursday announced a consultation paper on a new category in its premium listing segment for state-owned businesses, […]

July 13 2017

Daimler Is Called to German Committee Probing Diesel Emissions

Daimler AG executives were called to a German government committee looking into possible diesel-emissions cheating following a Sueddeutsche Zeitung report that prosecutors are focusing attention on two engines that power its popular Mercedes-Benz sport utility vehicles. Representatives of the carmaker were invited to a special session of the committee on Thursday afternoon, the German transport […]

July 13 2017

U.K. Grid Faces Test of 1 Million Electric Cars in 5 Years

Electric vehicles will boost peak demand on Britain’s power network by as much as 16 percent by 2035, according to National Grid Plc. One million electric cars and trucks are projected to be on U.K. roads by the early 2020s, with as many as 9 million by 2030, the operator of the nation’s power and natural […]

July 13 2017

Warburg Pincus Invests $100 Million in India’s CleanMax Solar

Warburg Pincus, the New York-based private equity firm, invested $100 million in India’s largest rooftop solar developer CleanMax Solar, the company said in a statement. CleanMax, which has about a quarter of the South Asian nation’s market for rooftop solar systems, will use the private equity investment to fund growth opportunities outside India and to […]

July 13 2017

Tesla’s Giant Battery Seen Credit Positive for South Australia

Billionaire Elon Musk’s plan for Tesla Inc. to build what he says is the world’s biggest lithium-ion battery system in South Australia will be credit positive for the region if it can improve reliability and lower power-supply costs, according to Moody’s Investors Service. Widespread use of a successful technology will help improve business confidence in […]

July 13 2017

Don’t Blame Climate Change for the Largest Iceberg Ever

An iceberg holding twice as much water as Lake Erie has broken off from Antarctica. The world’s biggest ice cube weighs a trillion metric tons and has a surface area the size of Delaware.  It sounds scary, but it’s not as terrifying as it sounds. The mass of ice was always floating—it’s the freely floating element that’s new. The iceberg […]

July 13 2017

Solar Power Gets $46 Million Boost From U.S. Energy Department

The U.S. Energy Department awarded $46.2 million in research grants to improve solar energy technologies and reduce costs to 3 cents per kilowatt-hour by 2030. The money will be partly matched by the 48 projects awarded to laboratories and universities, including Arizona State, which plans to use $1.6 million to develop an X-ray test to […]

July 13 2017

Even the Man Who Tried to Turn NRG Green Backs Elliott

David Crane spent five years trying to convince Wall Street that he needed to turn the coal-burning, natural gas-dependent power generator NRG Energy Inc. into a clean-energy company. The crusade ultimately cost him his job. In late 2015, after NRG’s debt had swelled to $20 billion, Crane was fired as chief executive officer of the […]

July 12 2017

Apple to Build First China Data Center to Comply With Law

Apple Inc. will establish its first data center in China to speed up services such as iCloud for local users and abide by laws that require global companies to store information within the country. The new facility, which will be entirely driven by renewable energy, will be built and run in partnership with Guizhou on the Cloud […]

July 12 2017

China’s Biggest Wind-Turbine Maker Expands in Philippines, Australia

Xinjiang Goldwind Science & Technology Co., China’s biggest wind-turbine maker, is expanding its footprint abroad with new deals in the Philippines and Australia. During the second quarter, Goldwind and Shanghai Electric Power Design Institute Co. signed a turbine supply agreement for the 132-megawatt Pasuquin wind farm in the Philippines, the first deal for a Chinese […]