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.
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.
An agreement by the Environmental Protection Agency on standards for Argentinian biofuel makers to get credits in the U.S. could be a significant step toward opening the American market to imports, Reuters reports.
Ethanol stocks last week hit a two-year high of more than 20.6 million barrels, according to data from the Energy Information Administration, which said the rise came despite production inching down by 1,000 barrels a day, Platts reports.
Stung by lower oil and gasoline prices and raking in less from asset sales, Hess Corp. lost $8 million in the fourth quarter, compared to a profit of more than $1.9 billion in the period a year earlier, The Wall Street Journal reports.
Despite the Obama administration opening up the Atlantic to drilling in its proposed five-year leasing plan, major new projects are unlikely to proceed as long as oil prices remain under $50 a barrel, E&E reports.
The U.S. saw 4,850 megawatts of wind capacity added in 2014, more than four times the amount installed a year earlier, according to statistics from the trade group the American Wind Energy Association, which noted that much of the growth came in Texas, Bloomberg reports.
Releasing data on animal feeding operations to environmental groups under a Freedom of Information Act request didn’t harm the farmers involved, according to a ruling from federal Judge Ann Montgomery in Minnesota, who on Tuesday dismissed a motion for a summary judgment in the case, E&E reports.
Opower, which works with utilities to get reductions in customers’ energy use, has found that there is a drop during the Super Bowl, and in its Outlier blog presents the theory that watching TV in groups rather than as individuals is partly responsible, The Washington Post reports.
Climate modeling isn’t biased toward making links between human activity and climate change, according to a study published in the journal Nature online Wednesday, although researchers did find that studying 62-year trends – rather than 15-year periods -- gave a more accurate portrayal of mankind’s impact, the Los Angeles Times reports.
Businessman Eike Batista, on trial in Brazil for market manipulation, has quit as chairman and board member of Oleo e Gas Participacoes, which is reorganizing following its filing for bankruptcy protection in 2013, The Wall Street Journal reports.