A measure introduced in the Massachusetts legislature has lawmakers debating whether it's a good idea to count hydropower toward clean energy requirements being set for the state's utilities, The Boston Globe reports.
Senate Energy and Natural Resources hearing on pending hydroelectric and water bills, including the Marine and Hydrokinetic Renewable Energy Act of 2013 and Bureau of Reclamation Transparency Act. Energy and Interior department witnesses.
Plug Power Inc., which supplies fuel cells for electric forklifts, saw its shares soar Wednesday after announcing Wal-Mart will use more than 1,700 of the systems in its distribution centers, Bloomberg reports.
The profit for First Solar Inc., the largest solar panel manufacturer in the U.S., dropped 58 percent in the 4th quarter on lower revenue from plants the company is building in the Southwest, Bloomberg reports.
Nearly 80 contractors are involved in the massive program to move the U.S. military toward using alternative sources of energy, according to The Christian Science Monitor, which reports on progress toward fulfilling the DOD's goal of producing 3 gigawatts of clean power by 2025.
An amendment approved Tuesday by the Indiana House of Representatives would scrap the clean energy program started in the state five years ago under then Gov. Mitch Daniels, The Indianapolis Star reports.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.