A senior executive at auto industry supplier Robert Bosch said fuel-cell technology is quickly becoming more affordable and projected that fuel-cell vehicles would be commercially competitive by 2025, Reuters 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.
The Energy Department said in a report that its Loan Programs Office has brought in $810 million in interest payments as of September, wiping out $780 million in losses after some recipients including Solyndra went bankrupt, Reuters reports.
Though marine energy could likely provide a constant, easily forecasted power source, investment in the technology has been slow and harsh ocean conditions have made research a time and labor-intensive process, E&E reports.
Australia's opposition Labor Party has rejected Prime Minister Tony Abbott's proposed 20 percent renewable energy target for electricity generation, saying the plan would cut original goals by 40 percent, Reuters reports.
KROMMENIE, Netherlands (AP) — A project dubbed "SolaRoad" gets underway in the Netherlands this week, testing roadways as a potential canvas to collect solar energy. Fittingly for the cycle-crazy Dutch, the first SolaRoad is a bike path not far from Amsterdam.
The path is built of massive, Lego-like modules of solar panels embedded in concrete, each with heavy-duty glass on top protecting them from wear. An additional rough translucent plastic coating ensures bikers don't slip.
Top U.S. solar panel installer SolarCity reported adding customers to generate a 20 percent hike in revenue in the third quarter, to $58.34 million, although that was less than analysts expected and the company’s loss widened compared to the year-ago period, Reuters reports.
DETROIT (AP) — Electric car maker Tesla Motors beat Wall Street's expectations and set a record for deliveries of its Model S sedan in the third quarter, delighting investors even as its losses doubled from a year ago.
Tesla said Wednesday it delivered 7,785 cars during the July-September period. That was slightly below its guidance of 7,800 but up 41.5 percent from the same quarter a year ago.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.