Category: News

June 26 2017

Brexit Keeps Europe’s Top Utility Away From Sterling Bond Market

Europe’s biggest power company by market value is steering clear of pound-denominated bonds because of the uncertainty caused by the U.K.’s decision to exit the European Union. Even as the Bank of England’s post-Brexit policies have supported U.K. corporate bonds, which are on track for their best year since the financial crisis, Italy’s Enel SpA […]

June 23 2017

Lithium Squeeze Looms as Top Miner Front-Loads, Chile Says

Plans by one of the world’s top lithium producers to accelerate output could lead to a shortage of the light metal used in electric-car batteries in five years, according to the Chilean government’s development agency. Soc. Quimica & Minera de Chile SA last month announced plans to increase its capacity to produce lithium carbonate from 48,000 […]

June 23 2017

Shale Legend Who Helped Build the Fourth-Biggest U.S. Driller Bets on a New $3.6 Billion Venture

After helping give birth to the U.S. shale boom a decade ago, Mark Papa is starting over at age 70 with a new $3.6 billion oil explorer he built from scrap amid the worst market crash in a generation. Papa forged a reputation by building the Enron Corp. castoff EOG Resources Inc. into the fourth-biggest U.S. […]

June 23 2017

Panasonic Joins Push to Put Photovoltaics on More Car Roofs

Panasonic Corp. sees the future of solar on car rooftops. The Osaka-based electronics maker has started producing a 180-watt array of solar cells that can be fixed to the roof of an automobile. In February, Panasonic announced that its photovoltaic module would be used on the roof of Toyota Motor Corp.’s latest Prius plug-in hybrid. […]

June 23 2017

It Won’t Take a Red-Hot Summer to Wipe Out the U.S. Gas Glut

A supply glut that’s weighed on the U.S. natural gas market for most of the past two years may vanish before the winter, even if a sweltering summer fails to materialize. Inventories of the power-plant fuel may reach 3.4 trillion cubic feet by the end of October, the lowest since 2008 for the time of […]

June 23 2017

World’s Biggest Wind Turbine Maker Sets Sights on New Markets

The chief executive officer of Vestas Wind Systems A/S says the world’s biggest wind turbine maker wants to expand in the Middle East and the Asia Pacific region as it taps into growing demand for renewable energy in new markets. Vestas intends to be a “pioneer in new markets,” CEO Anders Runevad said in a […]

June 23 2017

Waymo Hires Ex-Tesla Engineer to Lead Self-Driving Hardware

Waymo has hired Satish Jeyachandran, Tesla Inc.’s former director of hardware engineering, as the mobility division created by Google parent Alphabet Inc. moves closer to commercializing its self-driving vehicle technology. Jeyachandran, 38, spent nearly seven years at Tesla before leaving earlier this year. He will lead Waymo’s hardware team, overseeing the development and integration of […]

June 22 2017

Electric Car Demand Boosts Companies Engaged With Lithium

Lithium demand is surging, boosting shares of the companies linked to mining and manufacturing the light metal used in electric-car batteries. Global X Lithium & Battery Tech, an exchange-traded fund of the 27 biggest companies linked to the light metal, has increased 65 percent in the past 18 months, outperforming stock indexes of all the […]

June 22 2017

Reno Is Starting to Look More Like Silicon Valley

“Are you with Tesla or Panasonic?” the waitress asks with a smile. It’s morning in Reno, and it’s natural to assume anyone eating breakfast among the rustic wood walls and Instagram-worthy succulents of the Whitney Peak Hotel would work at the mammoth Tesla Gigafactory, jointly run by the two tech companies. For transplants landing in […]

June 22 2017

Tesla Working With Shanghai to Explore Auto Making in China

Tesla Inc. said it’s working with the Shanghai government to explore local manufacturing in China, a move that would allow the electric-car maker to achieve economies of scale and bring down manufacturing, labor and shipping costs. The electric-car maker led by Elon Musk expects to more clearly define production plans by the end of the […]