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.
The water content of the snowpack in the Sierra Nevada is at 6 percent of normal levels, the lowest amount since record-keeping began in 1950, according to the California Department of Water Resources, USA Today reports.
A voluntary agreement that spells out a timetable to clean up the site of a chemical spill that contaminated the Elk River last year has been worked out between Freedom Industries and state regulators in West Virginia, The Associated Press reports.
Salary increases, including one for CEO John Watson that brings his base pay to $1.9 million, were approved by Chevron’s board despite the decline in oil prices that has dragged down the value of the company’s shares, The Wall Street Journal reports.
North Dakota and the Midwest shipped out an average of 732,000 barrels of crude per day in January, according to monthly statistics on crude-by-rail movements released for the first time Tuesday by the Energy Information Administration, The Hill reports.
Republicans may be urging states to turn their backs on Environmental Protection Agency rules limiting power plant carbon emissions, but Democratic Gov. Jay Nixon is gearing Missouri up to cooperate, going so far as to send officials to an EPA “policy academy” on ways to meet the new standards, the Springfield News-Leader reports.