Tesla is planning to enter the energy storage market with a battery for use in homes and businesses, to store energy generated by solar panels, CEO Elon Musk said in a conference call with investors Wednesday, Bloomberg reports.
Startup QuantumScape Corp. -– believed to be working on solid-state battery technology -- has caught the attention of Volkswagen AG, which has bought a stake in the company, people familiar with the deal have told Bloomberg, which reports that the German automaker is likely trying to get a competitive edge over Tesla.
WASHINGTON (AP) — Dramatic U.S. government test results raise new concern that bulk shipments of rechargeable lithium batteries carried as cargo on passenger planes are susceptible to fires or explosions that could destroy the airliners.
Yet U.S. and international officials have been slow to adopt safety restrictions that might affect the powerful industries that depend on the batteries and the airlines that profit from shipping them. The batteries are used in products ranging from cellphones and laptops to hybrid cars.
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.
E&E profiles Sen. Tom Udall, D-N.M. the new ranking member of the Interior and Environment Appropriations subcommittee, who it describes as "the Democrats' first line of defense" against Republican lawmakers’ attacks on Obama administration environment and natural resources policies.
The Obama administration is considering a request from Shell and other companies to stop the clock on their 10-year leases to drill in the Arctic, and a decision on the suspensions will be resolved “relatively soon,” Interior Secretary Sally Jewell told a Senate Appropriations subcommittee hearing Wednesday, FuelFix reports.
An Arctic caucus to discuss energy, environment, trade and defense issues has been created by Sens. Lisa Murkowski, R-Alaska and Angus King, I-Maine, ahead of the U.S. taking on the chairmanship of the intergovernmental Arctic Council, The Hill reports.
Libya’s National Oil Co. says it is no longer able to guarantee security at the 11 oilfields in the center of the country, and has declared force majeure to protect it from legal action against any supply disruptions, The Wall Street Journal reports.
Saudi Arabia has no plans to trim its production, oil minister Ali al-Naimi said in a Berlin speech Wednesday, adding that oil demand is increasing gradually and the price has stabilized following last year’s plunge, Bloomberg reports.
As the strike at U.S. refineries looks to drag on into the spring – fresh union-management talks will take place next week after a session Wednesday – LyondellBasell Industries says it has filed a complaint with the National Labor Relations Board alleging that the United Steelworkers has threatened people crossing picket lines, The Wall Street Journal reports.
Household products that contain environmentally safe ingredients will bear a “Safer Choice” label in the future, under a revamped Environmental Protection Agency program that Administrator Gina McCarthy is promoting with a blog and a video, The Hill reports.
Carnegie Mellon University hopes to cut its utilities bill 10 percent - $2 million a year - using a cloud-based analytics system to find and fix energy inefficiencies on campus, the Pittsburgh Post-Gazette reports.