Results for: solar

August 8 2017

Bullard: Investing in Environmental Responsibility

This article first appeared on Bloomberg View and the Bloomberg Terminal. By Nathaniel Bullard Reinsurance is one of the more conservative disciplines in global finance. It is also one of the most forward-looking. Insuring the insurers demands the ability to envision long-term risks, as well as implementing an investment strategy that provides the growth and liquidity to pay […]

August 8 2017

Warren Buffett Likes Solar, but Not the Price Tag

By Brian Eckhouse and Noah Buhayar Warren Buffett has called global warming a “major problem” and put his company’s money where his mouth is, spending billions to develop solar and wind power. Yet he’s no hero to some renewable energy proponents. Their beef: They say the utility arm of Berkshire Hathaway Inc., his conglomerate, has […]

August 8 2017

Outsmarting Sunshine in Europe’s Cloudiest Corner

By Kelly Gilblom Five years ago, commodities trader Wayne Bryan hardly considered Britain’s famously overcast skies when buying and selling U.K. natural gas. Now he can’t afford to ignore them. Within the last year, the sun has taken on new-found importance across the cloudy island nation with photovoltaic cells providing as much as a quarter of the U.K.’s […]

August 7 2017

Spurned by Trump, Can Green Energy Count on Big Tech?

By Mark Bergen Before June, I will admit I had never heard of ARPA-E. Have you? The Department of Energy wing, formed in 2009, is charged with investing in new approaches to power energy. Its model agency is DARPA, the wacky Defense unit that birthed many things (GPS, advanced aircraft, the internet) that are now central to […]

August 4 2017

Alphabet’s Green Energy Ambitions Hit Turbulence

On May 16, Makani released a YouTube video. A camera pans on a T-shaped airplane, with wings stretching 85 feet holding eight small turbines and a tether connecting it to a tall ground station. The plane swoops into the air. It dips and soars, looping elegantly in circles that mimic a windmill, something it was built to replace. For more […]

August 4 2017

The Church of England Takes on Climate Change—and Generates a 17 Percent Return

President Donald Trump may have quit the Paris climate accord, but shareholders aren’t going to let carbon-producing U.S. ­companies off the hook. Witness the investor victory over Exxon ­Mobil Corp. management on May 31, a day before the Trump decision. Over the Exxon board’s objections, almost two-thirds of shareholders voted for a proposal asking the company […]

August 3 2017

Even at $25 Billion, Southern Sees Value in Finishing Nukes

Southern Co. still sees benefits in finishing two long-delayed, over-budget nuclear reactors in Georgia, even as new cost estimates show the overall price tag of the project has swelled to at least $25 billion. Southern Chief Executive Officer Tom Fanning stressed that, while the U.S. utility owner is still deciding the fate of the Vogtle nuclear […]

August 3 2017

Tesla Burns Through Record Cash to Bring the Model 3 to Market

Tesla Inc.’s Elon Musk keeps getting the green light to do what it takes to bring electric cars to the masses, regardless of how much it’s going to cost. The company burned through $1.16 billion in cash during the second quarter by spending on capacity for its cheapest model yet and boosting battery output. Investors […]

August 3 2017

JSW Energy Abandons Power Expansion Goal to Focus on Profits

Power producer JSW Energy Ltd. is scrapping its plans to more than double capacity amid falling tariffs and a glut of electricity in India. JSW Energy won’t pursue plans to increase its power generation capacity to 10 gigawatts by 2020 and focus on boosting profits instead, Chief Executive Officer Prashant Jain said, adding that there is […]

August 3 2017

Germany to Take on Tesla With Gigafactory Rival

German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc.’s Gigafactory. Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month to build its 34 gigawatt-hour battery factory, Frankfurt-based Chief Executive Officer Holger Gritzka […]