Profits for solar panel maker First Solar sank to $4.5 million in the second quarter, but CEO Jim Hughes noted in a conference call that the company’s results are affected by getting big payments unevenly and he stood by its full-year profit projections, Bloomberg reports.
WASHINGTON (AP) — They export BMWs and birdseed and plenty in between. Their middle class is growing fast enough to draw the likes of Marriott and Wal-Mart. China, Europe, Japan and the United States are vying to build roads and power plants there.
No longer are the nations of sub-Saharan Africa, long a symbol of war, famine and corruption, an economic basket case. Six of the world's fastest-growing economies are there. Higher oil prices, richer consumers and sounder governments have raised so much interest in Africa's economic promise that it's being showcased this week at the first U.S.-Africa Leaders Summit in Washington.
State regulators – the California Energy Commission, the California Public Utilities Commission and California Independent System Operator – are working together to craft a storage “road map” that will help to clear obstacles toward adding more energy storage to get the most usage out of renewable energy sources, E&E reports.
Language inserted by Senate Appropriations Committee chair Barbara Mikulski, D-Md., into the defense appropriations bill could block the Navy from finalizing a deal with Eastern Shore wind farm developers Pioneer Green Energy until a study into turbine effects is completed, set for next summer, The Washington Post reports.
PORTLAND, Ore. (AP) — For the first time in its history, the U.S. Army Corps of Engineers will have to disclose the amount of pollutants its dams are sending into waterways in a groundbreaking legal settlement that could have broad implications for the Corps' hundreds of dams nationwide.
The Corps announced in a settlement Monday that it will immediately notify the conservation group that filed the lawsuit of any oil spills among its eight dams on the Columbia and Snake rivers in Oregon and Washington.
BAGHDAD (AP) — The militants who have overrun large parts of Iraq are now battling ferociously to capture one of the country's vital resources, water.
Fighters with the Islamic State group launched a three-pronged attack over the weekend in a drive to capture Haditha Dam, in western Iraq, a complex with six power generators located alongside Iraq's second-largest reservoir. At the same time, they are fighting to capture Iraq's largest dam, Mosul Dam, in the north of the country.
Seizing the dams and the large reservoirs they hold would give the militants control over water and electricity that they could use to help build support in the territory they now rule by providing the scarce resources to residents. Or they could sell the resources as a lucrative source of revenue.
The cost of battery technology will have to come down by more than half, but Tesla Motors chief Elon Musk – speaking to investors during a week when he announced partnership with Panasonic to build a battery gigafactory -- is confident that will happen and electric vehicles will achieve price parity with those running on gasoline within 10 years, E&E reports.
A measure approved by the House in Massachusetts Thursday would increase the cap on solar production to up to 5 percent of a utility’s total generation, as well as create a task force to study net metering, but the measure is a far cry from the comprehensive overhaul of the system that some had hoped for, State House News Service reports.
The system at Goldman Sachs N.Y. headquarters, where ice is frozen in tanks at night and used the next day in its air conditioning, is an example of how thermal storage can save money and use energy more efficiently, Bloomberg reports.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.