Although Panasonic says nothing’s been decided yet, Elon Musk has declared that he’d be surprised if the firm didn’t work with Tesla at its planned battery "gigafactory," more details of which should be announced in the coming months, The Wall Street Journal reports.
BERLIN (AP) — Automaker Daimler AG is acquiring the remaining shares in a lithium-ion battery cell maker from specialty chemical company Evonik Industries AG as it intensifies its focus on electric cars.
The German companies said in a statement Tuesday that in addition to acquiring Evonik's 50.1-percent stake in Li-Tec Battery GmbH, Daimler will also buy Evonik's 10-percent share in their Deutsche ACCUmotive GmbH & Co. KG battery partnership. Daimler is now sole owner of both companies.
Panasonic, which supplies most of the lithium-ion cells for Tesla's batteries, hasn't committed yet to Elon Musk's plans for a huge 'gigafactory' to make more of them, and President Kazuhiro Tsuga told reporters the project represents a big investment risk, Bloomberg reports.
New improved battery technology is making renewable energy more feasible, efficient and cost-effective, and incentives for encouraging energy storage are increasing around the world, E&E reports, noting that IHS has predicted more than 40 gigawatts of grid-connected energy storage will be installed by 2022.
A cartoon advertisement by the American Petroleum Institute poking fun at the anti-Keystone XL camp of cowboys and Native Americans in Washington this week has drawn fire from some of the protest participants, FuelFix reports.
Lawmakers from North Dakota’s congressional delegation discussed oil train safety with Transportation Secretary Anthony Foxx as he visited the site of last year’s derailment and explosion in Casselton, The Hill reports.
Polls released Thursday by the American Petroleum Institute and the conservative-leaning Rasmussen Reports found support among U.S. voters for construction of the Keystone XL pipeline, The Hill reports.
A White House spokesman Wednesday night challenged a report by Rolling Stone that President Barack Obama will decide against the controversial Keystone XL pipeline project, saying on Twitter that "nobody knows" his thinking, National Journal reports.