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.
CARSON CITY, Nev. (AP) — The first two bills designed to seal a deal to bring Tesla Motors' $5 billion battery factory to Nevada sailed through the Assembly unanimously Thursday as one lawmaker called the project the biggest thing to hit the state since the Hoover Dam.
After just two minutes of debate, the Assembly voted 39-0 and sent to the Senate a bill that would help finance Tesla's tax breaks by ending a $125 million subsidy to insurance companies that locate their home offices in Nevada.
On another 39-0 vote about eight minutes later, they approved discounted electricity rates for the electric-car maker's "gigafactory" expected to help create more than 20,000 jobs and inject up to $100 billion into the state's economy over the next 20 years.
CARSON CITY, Nev. (AP) — Critics say Nevada lawmakers are gambling with taxpayers' money, but they clearly were in the minority Wednesday night as legislators moved forward with an unprecedented package of up to $1.3 billion in incentives they hope to approve in the days ahead to bring Tesla Motors' $5 billion battery factory to the state.
Republican Gov. Brian Sandoval urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the electric car maker's "gigafactory" and the tens of thousands of jobs he said would help pull Nevada from the worst economic crisis in state history.
CARSON CITY, Nev. (AP) — Opposition emerged Wednesday as Nevada lawmakers began negotiating over whether to approve a complex package of up to $1.3 billion in incentives for Tesla Motors in a special session ordered by Gov. Brian Sandoval to seal the deal to bring the electric car-maker's $5 billion battery factory to the state.
The Republican governor urged legislators in the two Democrat-controlled houses to seize an "extraordinary opportunity" to land the $5 billion "gigafactory" and tens of thousands of jobs he says would help pull Nevada from its worst economic crisis in state history.
RENO, Nev. (AP) — Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors as part of "an extraordinary opportunity" to seal the deal for its $5 billion battery factory and tens of thousands of jobs he says are needed to recover from the worst economic crisis in state history.
Majority Democrats in the Senate and Assembly intended to open the session Wednesday to begin work on the package the Republican governor says would help further diversify Nevada's hard-hit, tourism-based economy through new and innovative technology.
RENO, Nev. (AP) — The Biggest Little City in the World is about to get a new neighbor: the biggest lithium battery factory in the world that Nevada Gov. Brian Sandoval asserted will create more than 22,000 new jobs and pump $100 billion into the state's economy over the next 20 years.
Tesla Motors Inc. CEO Elon Musk declared the Silver State the winner Thursday of a high-stakes battle with California and three other states for the $5 billion "gigafactory" he says they need — and need fast — to mass produce cheaper batteries for its next line of more-affordable electric cars.
RENO, Nev. (AP) — To bring electric cars to the masses, Tesla Motors will use an expanse of desert where wild mustangs still roam for a factory that the company projects will crank out enough batteries to power 500,000 vehicles annually by decade's end.
Tesla chose Nevada as the site for the $5 billion facility, a person familiar with car maker's plans said Wednesday
Nevada's elected leaders still must deliver on the economic incentives they've promised, but if they do as expected, Tesla will open its massive factory at an industrial park outside Reno, according to the person, who spoke on condition of anonymity because no official announcement had been made. An announcement was scheduled for Thursday afternoon at Nevada's Capitol.
RENO, Nev. (AP) — Tesla Motors has chosen Nevada as the site for a massive, $5 billion factory that will pump out batteries for a new generation of electric cars, a person familiar with the company's plans said Wednesday.
The person, who spoke on condition of anonymity because no official announcement had been made, said work would soon resume at an industrial park outside Reno.
Four other states — California, Texas, Arizona and New Mexico — were vying for the project and the estimated 6,500 jobs it will bring.
If the package of energy measures House Republicans intend to vote on this week -– to increase oil and gas drilling offshore and on federal land as well as insisting on quick approval for the Keystone XL pipeline, among other provisions -– advisors would recommend that President Obama veto the legislation, according to a statement from the Office of Management and Budget, The Hill reports.
Rep. Darrell Issa, R-Calif. and chair of the House Oversight and Government Reform Committee, says it’s “astonishing” and “unacceptable” that a high-level employee at the Environmental Protection Agency is still on the payroll months after being banned from offices after confessing to watching hours of pornography at work every day, E&E reports.
If the Commerce Department were to allow the export of light oil to Mexico as it has opened the door to sending condensates overseas, that would deal another blow to the decades-oil ban on U.S. crude exports, Bloomberg reports.
World oil prices – which had been dragging at two-year lows – should be up higher by the end of 2014, Russian news agency Prime quoted OPEC Secretary General Abdullah al-Badry as saying, Platts reports.
Comments from Secretary General Abdullah Al-Badry that OPEC could cut its production quota next year sent oil prices higher Tuesday. West Texas Intermediate crude for October delivery jumped $1.96, or 2.1 percent, to settle at $94.88 on the Nymex, while in London November Brent was $1.17 higher to $99.05, Bloomberg reports.
The world faces a choice of investment in low-carbon infrastructure or continuing its high-carbon ways that will bring dangerous levels of climate change, according to a broad assessment by the Global Commission on the Economy and Climate, E&E reports.
Democratic Rep. Bruce Braley’s campaign claims the pledge by his Republican opponent state Sen. Joni Ernst to eliminate energy incentives and tax credits would increase the annual energy bills of Iowa residents by $1,200, while the Ernst camp points a finger at Braley’s vote for costly cap-and-trade legislation and his ownership of oil and energy stocks, The Des Moines Register reports.
Improvements to pipelines in New England will cost Spectra Energy Corp. some $3 billion, the company has announced, adding that the work will allow delivery of 1 billion cubic feet of natural gas per day, FuelFix reports.
Apache – keeping to its strategy of selling off non-core assets – is hoping to get more than $450 million for oil and gas properties in the Provost area in east-central Alberta, a person familiar with the matter told The Wall Street Journal.