The Joint Center for Energy Storage Research, a 14-member partnership funded by the Department of Energy that is looking for revolutionary advances in battery technology, is moving into a new laboratory in Berkeley in January, which will unite its science and engineering staff under a single roof for the first time, the San Jose Mercury-News reports.
OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway is buying the Duracell battery business from Procter & Gamble Co. in a deal valued at approximately $3 billion.
P&G, the world's biggest consumer products maker, had announced last month that it wanted to make Duracell a stand-alone company. P&G, which acquired Duracell in 2005, said at the time that it preferred a spinoff of Duracell, but that it was considering a sale or other options.
RALEIGH, N.C. (AP) — A small start-up company said Monday it would create hundreds of jobs when it moves into a massive, former Philip Morris USA cigarette plant to build batteries that it says will help power companies save energy and work more efficiently.
North Carolina officials on Tuesday are expected to hear Alevo Group representatives discuss plans to manufacture the utility-scale batteries at the factory site in Concord, where more than 2,000 were employed before it closed in 2009, State Commerce Department spokeswoman Kim Genardo said. Alevo believes that as the U.S. and other nations work to reduce emissions of gases that are contributing to climate change, its energy-saving technology will become more valuable.
The International Civil Aviation Organization is considering a new set of safety recommendations aimed at limiting fire risks from plane shipments of lithium batteries, though officials wouldn't detail specifics to The Wall Street Journal. The decision-making arm of the organization will discuss the plans later this month.
Energy storage is the key to energy systems in an age of renewables, the new “holy grail,” a Bloomberg analyst told The New York Times, which notes that the International Energy Agency has called on the U.S., the EU, China and India to spend a combined $380 billion to boost it.
Panasonic CEO Kazuhiro Tsuga told reporters Tuesday that his company plans an initial investment in Tesla’s battery gigafactory that runs to tens of billions of yen, the equivalent of hundreds of millions of dollars, The Wall Street Journal reports.
Researchers led by Donald Sadoway of MIT, writing in the journal Nature, detail a new battery using molten metal – described as cheap and durable – which is aimed at storing power on a grid scale, the BBC reports.
The announcement this week that the battery gigafactory planned by Elon Musk’s Tesla Motors will make energy storage on a grid scale to be used by SolarCity Corp., run by his cousin Lyndon Rive, has the potential to transform the landscape of the energy industry, The Wall Street Journal reports.
Successful tests – in Canadian Maritime Provinces and in the U.S. as well -- point to the use of electric water heaters and space heaters linked to the grid through wireless controllers as a cheap method of storing excess energy like that generated from wind power, E&E reports.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.