Having just reported a fourth quarter loss that topped $100 million, Tesla Motors is under pressure to increase production. It is looking to finally start manufacturing its Model X SUV as well as getting its affordable Model 3 off the drawing board, while rival automakers are starting to introduce new models of electric cars, the Los Angeles Times reports.
NEW YORK (AP) — You've heard of the iPhone and iPad. How about the iCar?
The Wall Street Journal is reporting that Apple has hired hundreds of people to work on a secret project — code name "Titan" — to develop an electric vehicle. The newspaper cites people familiar with the project who spoke under condition of anonymity.
BEIJING (AP) — China boosted its installed wind energy capacity last year to a record 19.81 million kilowatts as the world's biggest greenhouse gas emitter tries to switch its power grid to cleaner energy sources.
The National Energy Administration said Thursday that wind farms produced 153.4 billion kilowatt hours of electric power in 2014, making up 2.8 percent of total generated electricity.
In its first full month of operation, the solar panels at Fort Huachuca – run by the Tucson Electric Power company – generated 1,354 megawatt hours of electricity, some of it fed into the community beyond the Army base, the Sierra Vista Herald reports.
Harvard scientists have found a way to turn solar energy into liquid fuel, by generating hydrogen from photovoltaic cells and then converting that to isopropanol with the use of bacteria, according to research they’ve published in the Proceedings of the National Academy of Sciences, Time reports.
DETROIT (AP) — An electric car with a 200-mile range and a price tag of $37,500 will be built at a General Motors factory north of Detroit, the company announced Thursday.
The small hatchback will be based on the Chevrolet Bolt concept car shown at the Detroit auto show last month. GM has said it would be built starting in 2017. The price does not include a $7,500 federal tax credit.
Farmers and small business owners in rural areas are eligible to apply for grants to set up renewable energy systems or improve their energy efficiency, says Agriculture Secretary Tom Vilsack, promoting a $280 million plan being administered by the Rural Energy for America program, the Reno Gazette-Journal reports.
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.
DETROIT (AP) — Electric car maker Tesla Motors says its fourth-quarter net loss widened to $107.6 million because of the impact of the strong dollar and a delay in shipments of its new all-wheel-drive Model S sedan.
The loss, of 86 cents per share, compared to a loss of $16.3 million, or 13 cents per share, in the October-December period a year ago.
The way in which the Army Corps of Engineers managed the Mississippi River-Gulf Outlet means the federal government has some liability for damage done by Hurricane Katrina and other flooding in the area, according to Judge Susan Braden’s ruling handed down last week, E&E reports.
The market saw a small slip in oil prices Monday in the absence of major news on a day when banks and other institutions were closed in Britain for a public holiday. U.S benchmark crude lost 22 cents to settle at $58.93 a barrel on the Nymex, while in London, Brent finished a penny lower than Friday’s close, at $66.45, AFP reports.
The Biotechnology Industry Organization says the Environmental Protection Agency’s delays in setting the renewable fuel standard blending mandates over the past few years has led to under-investment in the sector of some $13.7 billion, costing the industry 80,000 jobs, The Hill reports.
If the shale boom actually does make the U.S. self-sufficient in energy, that would help boost the country’s economy over the long term, according to a paper from the International Monetary Fund, The Wall Street Journal reports.