Tesla Motors Inc. is considering building a large battery plant in California as state legislators proposed a set of tax breaks and regulatory incentives to woo the electric vehicle maker, The Wall Street Journal reports.
Electricity transmission company Oncor is installing five batteries for testing around South Dallas this summer, designed to provide emergency power in the event of a blackout on the grid, the Texas Tribune reports.
NEW YORK (AP) — The energy world is not keeping up with Elon Musk, so he's trying to take matters into his own hands.
Musk, chairman of the solar installer SolarCity, announced Tuesday that the company would acquire a solar panel maker and build factories "an order of magnitude" bigger than the plants that currently churn out panels.
"If we don't do this we felt there was a risk of not being able to have the solar panels we need to expand the business in the long term," Musk said Tuesday in a conference call.
A science team at the University of Central Florida, specializing in nanotechnology, says it has found a way to store energy in a sheath filled with 'nano-whiskers' wrapped around a copper wire, in a study appearing in two journals, Advanced Materials and Nature, Reuters reports.
EnerVault, a Bay-area company started six years ago that has $30 million in venture funding thus far, on Thursday publicly unveiled its flow battery, large tanks filled with electrolytes to store energy gathered from nearby solar panels, the San Francisco Chronicle reports.
PALO ALTO, Calif. (AP) â California is back in the running for a massive battery plant that electric car maker Tesla Motors plans to start building this year, but CEO Elon Musk said the state remains in the "improbable" category for winning the plant because of the time it will take to win regulatory approval.
Musk said Wednesday that the company plans to break ground on one of two locations as early as next month for the plant that has been the subject of furious competition from four other Southwestern states. A second site will follow a month or two later.
Palo Alto-based Tesla has previously said just four states were in the running for the plant: Arizona, New Mexico, Nevada and Texas.
HONOLULU (AP) — Hawaiian Electric is seeking bidders to provide one or more large-scale energy storage systems on Oahu.
The utility says it needs energy storage because wind and solar power generation has grown dramatically. It says energy storage would help it ride through sudden fluctuations in the availability of wind and solar-generated power.
More than 11 percent of Hawaiian Electric customers have solar panels on their homes. Oahu also has several large-scale wind and solar power projects generating electricity.
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.
The Department of Transportation’s proposed regulation tackling oil train safety may have been dealing mostly with tank car construction, but the DOT’s Pipeline and Hazardous Materials Safety Administration is also reporting on the volatility of Bakken crude, E&E reports.
A 20 percent increase in revenue for Noble Energy in the second quarter on higher shale production wasn’t enough to sustain last year's profits, which fell 49 percent compared to the year-ago period, to $192 million, FuelFix reports, noting the company dropped $187 million on commodity derivatives.
Alberta-based Encana Corp. reported a 31 percent drop in second quarter operating profit despite an increase in its production of oil and natural-gas liquids, but CEO Doug Suttles maintains the company’s results were strong and it would stick to its strategy of shifting away from natural gas, The Wall Street Journal reports.
Repsol’s $524 million adjusted net income in the second quarter was lower than in the period a year ago but beat analysts’ expectations, Bloomberg reported, noting that output from new wells and improved margins for refining helped the company – reported to be shopping for a major acquisition – overcome problems with production in Libya.
International oilfield services company Weatherford announced a second quarter net loss of $145 million on lower revenues, although it says it has nearly completed a plan to cut 6,600 jobs, FuelFix reports.
Utilities like Pacific Gas & Electric and Sempra rank highly in the use of renewable energy and promoting energy efficiency, while Entergy and Dominion Resources are near the bottom of the list of 32 of the nation’s utilities in an analysis compiled by Ceres and Clean Edge, groups which promote sustainable energy, Forbes reports.
There will be a court-supervised bidding process involved in the restructuring of bankrupt Energy Future Holdings, according to a filing with the Securities and Exchange Commission Thursday, in which the prize will likely be the Texas transmission business Oncor, The Wall Street Journal reports.
EU governments are considering new sanctions over the Ukraine crisis to limit Russian access to capital markets, as well as energy technology and weapons, Reuters reports, noting discussions are set to continue Friday with no action expected before next week.
The Washington Post reports on problems in Pueblo, Colo., where Black Hills Power, the utility servicing local residents, moved away from coal-fired generation and Xcel, the utility that built a new coal-fired plant in the area, stopped selling power locally and people were left scrambling to cover soaring bills.