NEW YORK (AP) — Two companies with links to the energy industry are among initial public offerings planned for the week of February 9. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Arowana Inc. - North Sydney, Australia. Offering consists of 6 million units, each consisting of one ordinary share, one right, and one warrant, priced at $10 each, managed by EarlyBird, Capital. Proposed Nasdaq Capital Market symbol ARWAU. Business: Australian blank check company focused on the energy and education industries.
Sol-Wind Renewable Power LP - New York. Offering consists of 8.7 million common units, priced $19 to $21, managed by UBS, Citigroup, and Wells Fargo. Proposed NYSE symbol SLWD. Business: LP formed to own, acquire, invest in and manage operating solar and wind power generation assets.
The electric Mercedes Smart Car for Two has received the highest green score ever awarded by the American Council for an Energy-Efficient Economy, which also praised Chevy’s Spark EV and Fiat’s 500E in its annual rankings, while slamming gas guzzlers made by Dodge and Chevy, the Los Angeles Times reports.
The U.S. has invested nearly $400 billion in clean energy since 2007, energy productivity is improving and the country is getting more of its power from renewables, says a report from Bloomberg New Energy Finance and The Business Council for Sustainable Energy, according to The Washington Post.
Enphase Energy Inc. says it has upgraded around 800,000 smart microinverters installed on rooftop solar units in Hawaii, an operation it says can be performed remotely and is important to better integrating the power generated by the panels into Hawaiian Electric’s grid, Pacific Business News reports.
Solar panels that began operating last week at the MillerCoors brewery in Irwindale, California will provide between 7 and 40 percent of the power needed to run the facility, the San Gabriel Valley Tribune reports – enough energy to produce 7 million cases of beer annually.
The Bureau of Land Management hasn’t raised any red flags yet for the Power Company of Wyoming’s proposed $5 billion Chokecherry and Sierra Madre wind farm, as its first study of the impact of the plans – looking at some road and rail facilities and an accompanying rock quarry – found no problems, The Associated Press reports.
The deadlines for meeting the goals in the Environmental Protection Agency’s Clean Power Plan don’t represent a glide path, but “a cliff,” an executive with a Phoenix-area utility told the Federal Energy Regulatory Commission during a regional meeting intended to gather feedback, E&E reports.
Moves to develop carbon capture technology would get a boost from legislation introduced Thursday by Sens. Heidi Heitkamp, D-N.D., and Tim Kaine, D-Va., which designates more Energy Department funding for research and also offers incentives for those who adopt so-called “clean coal” technology, The Hill reports.
Three senior House Republicans, including Energy and Commerce chair Rep. Fred Upton, have sent a letter to Energy Secretary Ernest Moniz, demanding to know whether his department was planning any use for Yucca Mountain other than accepting nuclear waste, E&E reports.
Fracking opponents have filed a petition with Gov. Jerry Brown, D-Calif., demanding that he ban hydraulic fracturing in the state because of the threat the practice poses to health and safety, The Hill reports.
The cleanup costs to states for abandoned wells – a burden they’re not well equipped to take on – could skyrocket as lower oil prices take some of the steam out of the shale drilling boom, The Wall Street Journal reports.
A natural Pacific Ocean cooling cycle has helped to keep global warming in check over the past decade, say researchers writing in the journal Science, but they warn that warming is likely to accelerate again once the cycle finishes, Reuters reports.
Sen. Jim Inhofe, R-Okla., chair of the Environment and Public Works Committee, threw a snowball at the Senate's presiding officer as he gave a speech criticizing what he called the “hysteria” over climate change, National Journal reports.
The letters sent to universities by Rep. Raul Grijalva, D-Ariz., the ranking member on the House Natural Resources Committee, asking about funding sources for researchers’ climate studies, has generated criticism and protest from academics, National Journal reports.
Jim Gordon, president of the stalled offshore project Cape Wind, has offered praise for the push to get a wind power coalition off the ground, and also backed a measure introduced in the state legislature that would require utilities to buy certain quantities of wind and hydropower, WWLP reports.