Suntech America Inc., the U.S. unit of Chinese solar panel maker Suntech Power, followed its parent in seeking bankruptcy protection Monday, listing more than $100 million in assets and in debts in Chapter 11 filings in court in Delaware, Bloomberg reports.
DETROIT (AP) — With the introduction of an affordable electric car that can go 200 miles on a single charge, General Motors sets up a showdown with Tesla to sell an electric vehicle to the masses. It may also upstage a car of its own.
GM on Monday unveiled the Chevrolet Bolt, a $30,000 concept car that will probably go on sale in about two years. The range will make it attractive to many buyers who would not consider a fully electric car for fear of running out of juice. The rollout of the orange compact hatchback eclipsed GM's unveiling of a revamped Chevy Volt at the Detroit auto show.
Elon Musk – due to speak at the auto show in Detroit this week for the first time in two years -- does not anticipate changing his plans for Tesla Motors despite increased competition from other players in the industry, The Wall Street Journal reports.
Investment in clean energy increased 16 percent to $310 billion in 2014, rising for the first time in three years, in part because of Chinese commitment, more plans for offshore wind and more money put into electric vehicles, Bloomberg reports, citing statistics from Bloomberg New Energy Finance.
Berkeley, California-based LightSail Energy is working on making compressed air energy storage technology more efficient, by capturing and storing energy from the heat that’s produced as part of the process, CNBC reports.
Gov. Jerry Brown’s announcement that he would aim for California to get half of its electricity from renewable sources by 2030 is a “game-changer” for solar and wind energy companies in the state, one figure in the industry told the Los Angeles Times.
Three GOP presidential hopefuls - Sens. Rand Paul, R-Ky., Ted Cruz, R-Texas, and Marco Rubio, R-Fla. - are co-sponsoring a bill to block the Environmental Protection Agency's Waters of the United States rule, The Hill reports. Paul announced the bill Friday.
A report from the center-right think tank American Action Forum estimates that the Environmental Protection Agency's power plant carbon rules could eventually force more than 90 coal-fired plants to retire and cost the economy nearly 300,000 jobs, The Washington Times reports.