On a vast tract of old North Carolina farmland, crews are getting ready to build something the South has never seen: a commercial-scale wind energy farm.
The $600 million project by Spanish developer Iberdrola Renewables LLC will put 102 turbines on 22,000 acres near the coastal community of Elizabeth City, with plans to add about 50 more. Once up and running, it could generate about 204 megawatts, or enough electricity to power about 60,000 homes.
Hoping to generate interest in clean energy flight, Airbus has successfully recreated the first airplane journey across the English Channel, but this time using a prototype plane powered by lithium batteries, The Wall Street Journal reports.
Unsettled financial markets and gains in the U.S. dollar kept investors from investing more heavily in clean energy projects in the second quarter of 2015, according to a new analysis by Bloomberg New Energy Finance. The report found clean energy investments of $53 billion were down 28 percent from the same period a year ago.
The decision by the Florida League of Cities to file a legal brief urging the state Supreme Court to keep a solar initiative off the ballot is being opposed by some local officials, the Miami Herald reports.
FORT WORTH, Texas (AP) — Facebook is building a massive data center in Texas to provide more computing capacity for the online social network's 1.4 billion users to share tidbits of their lives with friends and family.
The first phase of the $500 million project in Fort Worth, Texas will span about 500,000 square feet. It will be located on a nearly 111-acre site, leaving ample room for further expansion.
With its Mirai hydrogen fuel cell sedan - now claimed to be the zero emission car with the longest range – Toyota will start offering a direct challenge to Tesla’s plug-in Model S in the U.S., Business Insider reports.
Tesla hopes to start selling batteries in Australia early next year, in a market Morgan Stanley says may be worth $18 billion and where half of all homes are projected to be using solar power by 2040, Bloomberg reports.
TerraForm Power Inc. is buying from Invenergy Wind LLC a majority stake in a portfolio of seven wind farms across North America for $2 billion. The transactions will give TerraForm 460 megawatts of electricity now and 470 megawatts later, The Wall Street Journal reports.
The Obama administration on Tuesday is announcing new initiatives to boost access to solar energy, tying its efforts to assist low-income and middle-class households with its push for a low-carbon economy.
The move comes a week after the administration announced plans to generate 20 percent of electricity from non-hydro renewable energy by 2030, and as President Obama presses deep cuts in carbon emissions as part of his Climate Action Plan.
Coming legal battles over the Obama administration’s Clean Power Plan could resemble the court fights over the Affordable Care Act, with disputes over “glitches” and “drafting errors,” the Los Angeles Times reports.
The head of the Texas Railroad Commission David Porter told a forum Tuesday that the U.S. should take steps to speed up and promote LNG exports, while Rep. Joe Barton, R-Texas said the ban on U.S. crude exports could be lifted by the end of the year, Platts reports.
Russia may have had its claims to vast Arctic territory knocked back by the United Nations 13 years ago, but Moscow is trying again. In a move with major implication for oil and gas exploration, the Russians made a formal claim Tuesday to an expanse of the Arctic Ocean that includes the North Pole, The New York Times reports.
Comparing Democrats’ concerns about climate change to Chicken Little – a story about a chicken who believes the world is ending – Sen. John Cornyn, R-Texas, declared “there are more important things we could do today and this week,” The Hill reports.
Reports of a decline in U.S. crude inventories helped support oil prices early Wednesday, although gains were held in check by a strong dollar. U.S. benchmark crude rose 32 cents to $46.06 a barrel in electronic trading on the Nymex, while in London Brent jumped 46 cents to $50.45, Reuters reports.
Devon Energy – in transition to new CEO Dave Hager – credited cost cutting for helping the company to second quarter results that beat analysts’ expectations, with $320 million in core earnings excluding a ceiling charge, The Wall Street Journal reports.
Plains All American – which said it booked a $65 million expense in the second quarter related to an oil spill from its pipeline near Santa Barbara – reported a 57 percent drop in profit to $124 million compared to the period a year ago, FuelFix reports.
In the first full quarter after combining its hydraulic fracturing business with C&J Energy Services Ltd., Nabors Industries Ltd. reported a loss of $36.8 million, compared to a profit of $65.7 million in the second quarter of 2014, The Wall Street Journal reports.