Category: News

July 7 2017

Elon Musk’s Tesla Wins Bid to Supply World’s Biggest Battery

Elon Musk’s Tesla Inc. won a tender to build what the billionaire says is the world’s largest lithium-ion battery system to support South Australia’s blackout-plagued power grid. “We’re talking about something that’s three times as powerful as the next biggest battery installation in the world,” Musk told reporters in Adelaide. Tesla will provide 100 megawatts […]

July 7 2017

Southern’s Clean Coal Experiment Ends With Mississippi Order

A seven-year, $7.5 billion effort to build a first-of-its-kind “clean coal” power plant in Mississippi is officially over. Mississippi regulators ordered utility owner Southern Co. on Thursday to come up with a deal that’ll have the Kemper plant — once hailed by the Obama administration as the future of coal — running as a natural gas-fired […]

July 7 2017

Russians Are Said to Be Suspects in Nuclear Site Hackings

Hackers working for a foreign government recently breached at least a dozen U.S. power plants, including the Wolf Creek nuclear facility in Kansas, according to current and former U.S. officials, sparking concerns the attackers were searching for vulnerabilities in the electrical grid. The rivals could be positioning themselves to eventually disrupt the nation’s power supply, […]

July 7 2017

Millennials and Their iPhones Are Killing Your Old Power Company

It won’t be long, experts say, before the average Londoner will be able to program her day to start this way: An iPhone app with a real-time weather feed sees it’s overcast again, so it tells the diodes embedded in the bedroom walls to mimic sunrise. As the light brightens, the shower tap opens and […]

July 7 2017

Tesla’s Value Drops $12 Billion Ahead of Model 3 Rollout

Heading into a day that should be cause for celebration, with Tesla Inc.’s first Model 3 sedan rolling off the assembly line, Elon Musk’s electric-car maker has watched $12 billion in stock-market value slip away. Most of the drop since the June 23 peak of almost $63 billion occurred just this week. Underwhelming quarterly sales […]

July 6 2017

Tesla Projected to Win U.S. Electric-Car Race

More than a dozen automakers are jostling to lead the U.S. electric-car race, but Bloomberg New Energy Finance sees a clear winner separating from the pack: Tesla Inc. The automaker led by Chief Executive Officer Elon Musk will emerge as “the stand-out” in total cumulative deliveries through 2021, reaching almost 709,000 vehicles, according to BNEF’s […]

July 6 2017

France Aims to End Sale of Fossil-Fuel-Powered Cars by 2040

France plans to end the sale of gasoline- and diesel-powered vehicles by 2040 in a bid to become a carbon-neutral nation, Energy Minister Nicolas Hulot said, effectively promoting electric cars. Presenting the country’s “Climate Plan” in Paris on Thursday, Hulot said France will offer tax incentives to replace diesel autos that are more than 20 […]

July 6 2017

The Power Consumed by Electric Vehicles Is About to Surge 300-Fold

Electric vehicles aren’t just transforming the auto industry: They’re also about to reshape the global power market. By 2040, more than half of all new cars sold will be plug-ins like those offered by Tesla Inc., according to a report from Bloomberg New Energy Finance. That means electricity demand from vehicles will surge 300-fold from […]

July 6 2017

The Electric Car Revolution Is Accelerating

Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signaling economic turmoil for oil-exporting countries. The Bloomberg New Energy Finance forecast says adoption of emission-free vehicles will happen more quickly than previously estimated because the cost of building cars is falling so fast. The seismic shift […]

July 6 2017

Qatar Charts Second Gas Boom as Saudis Try to Tighten the Noose

Qatar’s neighbors are trying to isolate it from the outside world by cutting off transport and diplomatic links. There’s one major area where their ostracism campaign is falling short: energy. Qatar is the world’s fourth-biggest energy supplier and wealthiest country by per capita income. It pumps more oil and gas than Rosneft PJSC or Exxon […]