Renewable Energy

SolarWorld courtesy Paul G. Wiegman

Triple investment in clean energy or global warming goal will be busted: IEA

The world's nations need to triple their investment in clean energy if they are to meet the United Nations goal for controlling global warming, according to a new report from the International Energy Agency.

EIA's Energy Technology Perspectives report, released Monday, said that to prevent global temperatures from rising more than 2 degrees Celsius above pre-industrial levels - a danger point projected to be hit by 2050 - worldwide government investment in clean energy needs to jump from the current $17 billion to $51 billion per year.

Tesla to encounter rivals in energy storage market

Source: 
The Wall Street Journal

Telsa’s move into energy storage will run into competitors in both the home- and utility-scale markets, The Wall Street Journal reports.

Pilot to fly solar plane across Pacific for 5 days, 5 nights

BEIJING (AP) — A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel.

André Borschberg, 62, is due to fly over the Pacific Ocean for five days and five nights in the plane that has more than 17,000 solar cells on its wings to power its motors and recharge its batteries for nighttime flying.

GM cuts 2016 Volt plug-in hybrid car price by almost $1,200

DETROIT (AP) — General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car.

The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

Tesla hits the web to sell used cars

Source: 
The Wall Street Journal

Used Model S electric vehicles made by Tesla Motors can now be purchased on the company’s website, complete with an extended warranty that covers up to 4 years or 50,000 miles, The Wall Street Journal reports.

Expense holding up kitchen efficiency improvements

Source: 
The New York Times

Greener kitchen appliances are lagging behind other household items that have improved efficiency, in part because of sluggish demand that is keeping prices higher, The New York Times reports.

Loss for First Solar ahead of yieldco setup

Source: 
The Wall Street Journal

Hanging on to completed projects ahead of its launch of a yieldco with Sunpower Corp. later this year, First Solar says it recorded a dramatic drop in revenue and a net loss of $62.3 million in the first quarter, compared to a $112 million profit in the period a year ago, The Wall Street Journal reports.

Another wind farm purchase for Xcel

Source: 
StarTribune

Xcel Energy says it will spend $300 million to buy and finish a North Dakota wind farm started by Geronimo Energy, a project that would qualify for a federal Wind Energy Production Tax Credit if finished before the end of 2016, the StarTribune reports.

Tesla’s Musk hints of building multiple battery factories

Source: 
Business Insider

As part of Tesla’s major battery announcement Thursday, company chief Elon Musk dropped hints about multiple manufacturing plants, Business Insider reports.

Tesla CEO plugs into new market with home battery system

FOSTER CITY, Calif. (AP) — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.

The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.

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