TOKYO (AP) — Like other Japanese who were banking on this country's sweeping move toward clean energy, Junichi Oba is angry.
Oba, a consultant, had hoped to supplement his future retirement income in a guilt-free way and invested $200,000 in a 50 kilowatt solar-panel facility, set up earlier this year in a former rice paddy near his home in southwestern Japan.
Wells Fargo is providing $10 million in grants for clean tech startups, in an Innovation Incubator program being administered by the Energy Department’s National Renewable Energy Laboratory, the Denver Business Journal reports.
DETROIT (AP) — Owners of electric vehicles have already gone gas-free. Now, a growing number are powering their cars with sunlight.
Solar panels installed on the roof of a home or garage can easily generate enough electricity to power an electric or plug-in gas-electric hybrid vehicle. The panels aren't cheap, and neither are the cars. A Ford Fusion Energi plug-in sedan, for example, is $7,200 more than an equivalent gas-powered Fusion even after a $4,007 federal tax credit.
DETROIT (AP) — General Motors is moving production of the Chevrolet Volt's electric drive unit from Mexico to a Detroit-area factory as it updates the slow-selling car to increase its electric range and make it perform better.
The Volt can go about 38 miles on battery power before a small gasoline generator kicks in. In the revamped version, coming in the second half of next year, the battery will store more energy yet be smaller, allowing the car to go farther on battery power, CEO Mary Barra said in a speech delivered at the Detroit Economic Club on Tuesday.
There’s still a waiting list to get a Tesla Motors Model S sedan, but U.S. sales through September were down 26 percent compared to the period a year earlier, and the company has now launched incentives including a lower cost leasing plan and a “happiness guarantee,” The Wall Street Journal reports.
CEO Mary Barra will announce details of General Motor’s moving the manufacture of the electric drive for its Chevrolet Volt from Mexico to Michigan, during a speech Tuesday to the Detroit Economic Club, The Wall Street Journal reports.
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 lack of hydrogen fueling stations has been holding back any push toward fuel cell vehicles, but automakers – including Honda, Hyundai, GM and Ford as well as Toyota -- look increasingly likely to embrace the technology in the not-too-distant future, the Los Angeles Times reports.
Southern Co. subsidiary Southern Power has bought the Solar Gen 2 plant in California from First Solar Inc., and will sell the electricity from it on to San Diego Gas & Electric, The Atlanta Journal-Constitution reports.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.