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.
With the Keystone XL pipeline still delayed, Transcanada has filed with the State Department to get approval for the Upland Pipeline, which would bring Bakken crude north to Saskatchewan, The Wall Street Journal reports.
A unanimous ruling from a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit leaves in place Environmental Protection Agency regulations on heavy truck efficiency and greenhouse gas emissions, The Hill reports.
Word that Russia, Norway and possibly Saudi Arabia are ramping up oil production pressured prices Friday. U.S. benchmark crude dropped 1 percent, or 59 cents, to $57.15 a barrel on the New York Mercantile Exchange, while in London Brent gained 43 cents to $65.28 a barrel, a new five-month high, The Wall Street Journal reports.
Alliant Energy’s Wisconsin Power & Light has formally asked state regulators to approve a new gas-fired plant that will cost $750 million, alongside a solar facility intended to generate 2 megawatts, the Milwaukee Journal Sentinel reports.
Two Democrats – Sens. Joe Manchin of West Virginia and Bob Casey of Pennsylvania – have introduced comprehensive mine safety legislation intended to beef up regulatory enforcement and close loopholes in the 1952 Federal Coal Mine Safety Act, WVPN reports.