Tesla Motors Inc. is developing a "fleet" business model: A new finance arm of the company is offering a leasing program to enable small and medium size businesses to get tax deductions on the electric vehicles, The Wall Street Journal reports.
PHOENIX (AP) — Just a day after adopting a $9.23 billion state budget, the Arizona House and Senate gave final approval Tuesday to a pair of tax cuts for manufacturers, including one that would give a multi-million-dollar tax credit to the world's biggest corporation to install and run a solar facility.
The Legislature approved Senate Bill 1413, pushed by Gov. Jan Brewer, eliminating sales taxes on electricity purchased by manufacturers and mining smelters. It is expected to cost the state general fund $17 million a year. Brewer called for the elimination of the tax in her State of the State address in January, saying it was needed to make Arizona more competitive and draw new manufacturing to the state.
Officials with the Bureau of Ocean Energy Management got an earful about possible effects of offshore wind turbines on fishing, at a meeting Tuesday on Long Island to discuss possible lease sales for wind farms in the region, Newsday reports.
DETROIT (AP) — General Motors says it's investing $449 million in two Detroit-area factories to build the next generation Chevrolet Volt hybrid electric car.
The company says the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn't say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.
The expansion of solar and wind power will be slowed in Germany, as Chancellor Angela Merkel's cabinet has approved a reform of the country's renewable energy law in a bid to slow increases in the cost of electricity, Reuters reports.
ANNAPOLIS, Md. (AP) — Gov. Martin O'Malley says he still has misgivings about a bill to set a 13-month moratorium on the development of tall wind turbines within 56 miles of the U.S. Naval Air Station Patuxent River base in southern Maryland.
O'Malley wouldn't say Monday if he would veto legislation that has been sent to his desk. But the governor, who is a strong supporter of wind energy, says, "I have yet to conclude that windmills are quite the threat to Naval air radar that those advocating for this ban have concluded."
China invested $54 billion in clean energy in 2013 and remains at the top of the global table for spending in the sector, far outstripping U.S. spending of $36.7 billion, according to Pew Charitable Trusts, Bloomberg reports.
Oil continues to wash up on some Louisiana beaches four years after the Deepwater Horizon sinking sent oil gushing into the Gulf of Mexico and a number of area residents remain angry and resentful despite BP paying out billions of dollars in compensation, Reuters reports.
Environmental Protection Administrator and Boston native Gina McCarthy and Energy Secretary Ernest Moniz will throw out the first pitches at the Red Sox game Tuesday, to mark Earth Day, The Hill reports.
A subsidiary of American Energy Partners, the company run by shale pioneer Aubrey McClendon, is renting seven rigs from his former firm Chesapeake Energy to drill for gas in the Utica Shale, Bloomberg reports.
The total U.S. rig count for the week remained at 1,831, according to oilfield services company Baker Hughes Inc., which said that oil rigs declined while gas and miscellaneous rigs increased, Bloomberg reports.
Vermont Yankee owner Entergy has applied to scrap the 10-mile emergency planning zone around it, because of the nuclear plant's closing by year's end, raising concerns from citizen groups, The Recorder reports.
Critics complain that proposals to increase security of the nation’s power grid, drafted by the industry in the wake of an attack on a California substation last year, won’t do enough to stop anyone intent on sabotage, The Wall Street Journal reports.