Results for: solar

August 2 2017

IKEA Starts Selling Solar Batteries to U.K. Homeowners

Home retailer IKEA of Sweden AB said it would start selling batteries for rooftop solar panels in the latest sign that once-costly storage technologies are becoming mainstream. The Solar Battery Storage system was announced in partnership with U.K. panel provider Solar Century Holdings Ltd. on Wednesday, providing potential savings on electricity bills by enabling users […]

August 2 2017

Glencore Asks Australia to Focus on Economy Before Climate Deal

Australia may need to consider delaying its goals to combat global climate change in order to prioritize energy security and economic prosperity, according to a senior executive at Glencore Plc. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has undermined investor confidence and may force businesses to shut or move offshore, the commodity […]

August 1 2017

Ofgem’s Vision for U.K. Energy

By Bloomberg New Energy Finance’s European Power Transition team. This article first appeared in BNEF’s ‘EU Power Weekly’ publication, available to clients on the web and on the Bloomberg Terminal. The U.K. has laid out a vision for the future of its energy grid. The report envisions distribution companies like UK Power Networks moving increasingly […]

August 1 2017

Tesla Batteries May Back Up Wind Farm Off Massachusetts Coast

Deepwater Wind LLC is proposing to pair Tesla Inc. batteries with massive offshore wind turbines as part of a bid to supply the state of Massachusetts with clean energy generated at sea. The 144-megawatt development would stockpile electricity produced late at night, then deliver it when the grid needs it most, Deepwater Chief Executive Officer […]

July 31 2017

Cheung: The EV Bandwagon Is Accelerating, But Is It Unstoppable?

By Albert Cheung Head of Analysis Bloomberg New Energy Finance So there you have it: first Norway and the Netherlands, then France and now the U.K. have all stated their intent to phase out conventional petrol and diesel cars once and for all. For those who have been following the progress of electric vehicles, these […]

July 31 2017

3Q 2017 Frontier Power Market Outlook

The market for micro-grids and hybrid generation in emerging economies is getting bigger, with particularly strong demand from islands, remote regions, and the mining sector. While the project count remains small, policy-makers and project developers are growing more comfortable with the role that micro-grids and stand-alone solar kits play in serving remote regions. Small-scale diesel […]

July 31 2017

Alphabet Wants to Fix Renewable Energy’s Storage Problem — With Salt

Source: Bloomberg Technology Alphabet Inc.’s secretive X skunk works has another idea that could save the world. This one, code named Malta, involves vats of salt and antifreeze. The research lab, which hatched Google’s driverless car almost a decade ago, is developing a system for storing renewable energy that would otherwise be wasted. It can be located almost […]

July 28 2017

North Carolina Bill Spurring New Solar Halts Wind for 18 Months

North Carolina passed a clean-energy bill Thursday that could spur a wave of new solar projects in the country’s second-biggest solar state — but at the expense of wind. House Bill 589, which Governor Roy Cooper signed Thursday, places a moratorium on new wind development through December 2018. The law creates a competitive bidding process […]

July 27 2017

Growth-Starved Utilities Have Found a New Way of Making Money

There’s a new model emerging for growth-starved utilities looking to profit from America’s solar and wind power boom. American Electric Power Co. is using it for a $4.5 billion deal that’ll land the U.S. utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc.’s Florida unit […]

July 25 2017

SunEdison Sets Bankruptcy Exit With Nothing for Shareholders

SunEdison Inc. won final approval for a bankruptcy plan that will leave what was once the world’s largest renewable-energy firm as a shell of its former self, with nothing for shareholders whose investment at one point had been worth about $10 billion. SunEdison, known for gobbling up other companies and expanding at breakneck speed, will […]