Category: News

June 28 2017

China Is About to Bury Elon Musk in Batteries

As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust. Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough […]

June 28 2017

Shell Seeks Gas Converts Among Indian Textile, Cement Plants

Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas. The Hague-based energy giant has set up a team of about six executives to identify small businesses that use dirtier fuels like coal and convince them to switch, according to Ajay Shah, a […]

June 27 2017

World’s Biggest Offshore Wind Developer Worries About Construction Delays in Germany

The world’s biggest offshore wind developer said construction delays on key electricity cables that will take North Sea wind power to Germany’s industrial heartland risk undermining the confidence of investors in new projects. Dong Energy A/S sees delays as driving up costs of working in Germany, board member Samuel Leupold said in an interview in […]

June 27 2017

Former SunEdison Solar Team Lands Funding for New Venture

Summit Ridge Energy, a new solar company led by former employees of bankrupt SunEdison Inc., obtained funding to build, finance and acquire solar power plants across the U.S. New York-based Aligned Intermediary, an investment adviser focused on climate-related projects, raised capital from five members of its team and six outside backers, said Peter Davidson, its chief executive officer […]

June 27 2017

Biggest Coal Plant in U.S. West Gets Another 2 Years to Live

The Navajo generating station, the biggest coal-fired power plant in the U.S. West, will live to see another two years. On Monday, Navajo Nation leaders approved a lease with the plant’s utility owners that will keep the ailing, 2,250-megawatt complex operating through December 2019. The owners signaled on Tuesday that they’ll sign the deal this week, […]

June 27 2017

Cheniere Gets Ready for ‘Next Round’ in Global Gas Export Market

Sixteen months after finishing a terminal and sending the first cargo of U.S. shale gas overseas, Cheniere Energy Inc. is already preparing for its next round of export projects. Cheniere is looking at new ways to finance more terminals that chill gas to a liquid and ship it across the globe, including skipping banks altogether […]

June 27 2017

Tesla’s Needs Transformed This Obscure Japanese Chemical Company

When Elon Musk last May announced he was speeding up his grand plan to produce 500,000 electric cars per year, shares of a little-known Osaka-based chemical maker jumped more than 33 percent in four days. One of the world’s few producers of the ultra-pure lithium salts used in high-end batteries, Stella Chemifa Corp.’s shares more […]

June 26 2017

Europe Doesn’t Need American Climate Scientists. It Needs American Climate Data

President Trump’s withdrawal from the Paris Agreement, proposed budget cuts for research, and general anti-science sentiment has spooked climate scientists. Ultimately, his actions may have a greater affect on the nation’s scientific community than on its climate. In just a few weeks, countries around the globe have stepped into the scientific void created by the administration. Newly elected French […]

June 26 2017

Cheniere’s LNG Market Share Expands as Korea Contract Starts

Add South Korea to the growing list of regulars buying America’s shale gas. Cheniere Energy Inc., the sole exporter of liquefied natural gas from U.S. shale basins, commenced a 20-year supply agreement with Korea Gas Corp. at a ceremony in Louisiana on Sunday. Under the deal originally signed in 2012, Cheniere will make available for delivery […]

June 26 2017

A Look at Energy Markets After the First Five Months of Trump

As the White House kicks off “Energy Week,” here’s a look at how energy markets are faring so far this year — and how the Trump administration stands to change them: COAL: President Donald Trump has killed a stream-water protection rule that threatened to curb coal operations, directed the Interior Department to lift a moratorium […]