DOVER, Delaware (AP) — A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand.
Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.
California-based Fisker, which had planned to build cars at the former General Motors plant in Delaware, filed for bankruptcy protection in November. The move culminated a long, downward spiral that began after Fisker received a $529 million loan commitment from the U.S. Department of Energy.
LAS VEGAS (AP) — Officials in Las Vegas are harnessing the power of the sun to light the city's iconic welcome sign.
Elected officials and project leaders flipped a switch Wednesday linking solar panels on 25-foot towers to the glittering neon "Welcome to Fabulous Las Vegas" sign.
The project was headed by the Green Chips and Clean Energy Project nonprofit organizations, and funded by the Consumer Electronics Association, electric utility NV Energy, the Las Vegas Centennial Commission and Bombard Renewable Energy.
Wind powered-electricity could reach parity with natural gas by 2019, if not sooner, under a hypothetical wind Production Tax Credit renewal and phaseout modeled by the Congressional Research Service, according to E&E.
The vision for Virginia’s energy future, to be made public by Gov. Terry McAuliffe Wednesday, will review the costs and benefits to the state from the Environmental Protection Agency’s rule to limit carbon emissions from existing power plants, E&E reports.
The Environmental Protection Agency, which hasn’t updated the list of chemicals it regulates at sewage plants in more than three decades, doesn’t target some 300 labelled as hazardous under the Resource Conservation and Recovery Act, a report from the EPA Inspector General says, according to The Hill.
Positive consumer spending data helped push oil prices higher early Tuesday, although benchmark crude is looking likely to rack up its largest quarterly drop in some two and a-half years. U.S. prices were 19 cents higher to $94.76 a barrel in electronic trading on the Nymex, while in London Brent gained 32 cents to $97.52, Reuters reports.
Energy market monitor Genscape has been tracking the tanker Polar Discovery, which could hold up to 784,000 barrels of crude, as it heads from Alaska to Yeosu, South Korea, FuelFix reports, having determined from a ConocoPhillips spokesman that the company has made a rare deal to sell a cargo of North Slope crude in Asia in the fourth quarter.
The U.S. imported 569,000 more barrels of crude in July than it did in June, according to data from the Energy Information Administration, which said the figures were still lower than in 2013 and also noted that for the first time, none of the imports came from Nigeria, Platts reports.
Oilfield services giant Schlumberger is having around 20 mid-level and senior managers leave Russia, people familiar with the matter told Bloomberg, in the wake of Western sanctions imposed over the Ukraine crisis.
The partnership between Qatar and Exxon Mobil in plans to export liquefied natural gas from the Golden Pass terminal in Texas is part of the Gulf nation’s strategy to maintain its status as a major player in the industry globally into the future, The New York Times reports.