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 Senate intends to try to override President Obama’s veto of the Keystone XL pipeline approval this week, while the House plans a vote on measures targeting the Environmental Protection Agency’s use of scientific data, National Journal reports.
Republicans from the Gulf region are angry about Obama administration proposals to cut the money states will get from offshore oil and gas drilling, and Alabama lawmakers Rep. Bradley Byrne and Sen. Richard Shelby say the proposal is "dead on arrival", The Hill reports.
Negotiations between refiners -– represented by Shell Oil. Co. -- and striking workers are set to resume Wednesday, as the walkout by United Steelworkers, now affecting 15 plants, drags toward its second month, Reuters reports.
A strong dollar and an increase in Libyan production helped to pressure oil prices early Monday. U.S. benchmark crude for April delivery dropped 95 cents to $48.81 a barrel in electronic trading on the Nymex, while in London Brent fell $1.28 cents to $61.30, Reuters reports.
The administration of Pennsylvania’s new Democratic governor, Tom Wolf, is set to release plans to update drilling rules to address concerns about the health and environmental impact of natural gas drilling, The Associated Press reports.
Low natural gas prices have suppressed the demand for coal, Duke Energy Progress executive Brett Phipps told the Kentucky Public Service Commission in a filing, predicting that coal prices would remain stable in the short term but could become more volatile in the future as miners cut back production, Platts reports.