Results for: solar

March 16 2017

Saudis study $65 nillion in China investments during King’s trip

Saudi Arabian Oil Co. may deepen investment in China’s oil industry as part of $65 billion worth of potential deals signed between the two countries in everything from energy to manufacturing and a theme park. Amin Nasser, chief executive officer of the Saudi state crude producer, signed a memorandum of understanding with China North Industries Group […]

March 16 2017

The dark secret behind India’s solar plan

Like generations before him, the only light Jurdar Thingya has at night in his one-room mud hut in India’s Maharashtra state comes from a small wood fire on the floor. A broken solar panel is all that the 35-year-old farmer has to remind him of the government’s promise to bring electricity to all of India’s villages. […]

March 15 2017

Republicans break ranks with pledge to fight climate change

Seventeen conservative Republican members of Congress—10 of them in their first or second terms—are bucking long-time party positions and the new occupant of the White House. They announced on Wednesday that they’re supporting a clear statement about the risks associated with climate change, as well as principles for how best to fight it. Called the “Republican […]

March 15 2017

German energy faces turbulence as CEOs prepare for deals

After last year’s unprecedented shakeup, anyone who thought the German energy industry was in for a quieter time 2017 is likely to be disappointed. After the break up of the country’s two biggest utilities, there are more deals on the way. Engie SA of France is weighing a bid for Innogy SE, while its majority […]

March 14 2017

Zindler: Smart meters, inter-state transmission, EV charging – energy infrastructure needs in the US

By Ethan Zindler Head of Americas Bloomberg New Energy Finance The U.S. will need to rethink its whole approach to energy infrastructure in the years ahead, in order to position its economy to benefit from the age of the empowered consumer and of tumbling costs for solar panels and batteries. Below is a transcript of […]

March 14 2017

Google’s Schmidt flags promise in new Goodenough battery

The 94-year-old creator of the lithium-ion battery has invented another breakthrough storage device that’s capturing the attention of industry heavyweights. “John Goodenough, inventor of the lithium battery, has developed the first all-solid-state battery cells,” said Alphabet Inc.’s Executive Chairman Eric Schmidt via Twitter on Tuesday. Goodenough’s claim that his new battery cells have three times […]

March 13 2017

Engie Eyes Bid for $19.8 Billion Utility Firm Innogy

Engie SA is considering an offer for German renewable-energy utility Innogy SE as its majority owner RWE AG weighs strategic options, people familiar with the matter said. The former French natural-gas monopoly is speaking to advisers and hasn’t made a final decision about whether to proceed, the people said, asking not to be identified because […]

March 13 2017

To take on Tesla, Sweden’s NorthVolt seeks $1 billion next year 

NorthVolt AB, the Swedish company founded by a former Tesla Inc. executive, wants to cut the cost of storing power in half with a 4 billion euro ($4.2 billion) lithium-ion battery factory. The Stockholm-based company wants to raise 1 billion euros by 2018, when it plans to break ground on a factory during the second […]

March 13 2017

Musk call with Turnbull sparks battery debate in Australia

Elon Musk’s brave bet to fix Australia’s energy crisis — or hand the money back — landed the tech entrepreneur an hour-long phone call with Prime Minister Malcolm Turnbull and quickly threw him into a debate over whether battery technology is the solution for a nation still wedded to coal for much of its power. Sunday’s […]

March 10 2017

Argentina plans energy auctions to drive $7 billion investment

Argentina is planning at least four energy auctions this year that are expected to attract as much as $7 billion in investments as president Mauricio Macri seeks to boost generating capacity for both conventional and renewable power plants. The country will hold two auctions for new thermal capacity, one for renewable energy and one for […]