Tesla Motors plans to study the remains of a stolen Model S sedan that split in half and caught fire after several collisions to determine any mechanical issues with the electric vehicle, Bloomberg reports.
The Interior Department will make available 80,000 acres in waters off Maryland for wind power development, in its latest action by the Obama administration to spur development of Atlantic Ocean offshore wind farms.
The department said Wednesday the Aug. 19 competitive lease sale has so far attracted interest from 16 companies. It first proposed the sale in December.
HELSINKI (AP) — Norwegian energy companies Statoil and Statkraft have announced plans to build a wind farm off the British coast in a 15 billion kroner ($2.4 billion) investment, expected to be completed in 2017.
Statoil, the operator of the Dudgeon offshore project, says construction of the 67 turbines will begin in 2016. With a total generation capacity of 402 MW, they will provide energy for some 410,000 households.
Delmarva Power’s surcharge on customers for using electricity from a fuel-cell project is being challenged in court, with the plaintiff claiming that Bloom Energy servers being used for it are consuming more natural gas than regulators permit, Gannett’s The News Journal reports.
The announcement Tuesday of a conditional $150 million loan by Energy Department to the Cape Wind offshore wind farm project was showcased by the administration as a key part of its climate action plan, one that will spur the offshore renewable energy sector.
It also marked a more confident use of taxpayer money to back renewable energy in the wake of the $529 million Solyndra solar company failure and other high-profile, if limited, losses of taxpayer money during President Barack Obama's first term.
Yet the question remains: Can the government replicate the success it has claimed for onshore wind in offshore waters?
The Department of Energy is promising Cape Wind a $150 million loan guarantee for its project to install 100 wind turbines in Nantucket Sound, putting the company 60 percent of the way toward raising the $2.5 billion it will need, The Boston Globe reports.
Giving states more time to comply with provisions of the rule limiting power plant carbon emissions may help the Environmental Protection Agency deflect some of the legal challenges it’ll face after finalizing the regulation, E&E reports.
Human activity does contribute to climate change, but the Obama administration’s “irresponsible and ineffective” Clean Power Plan won’t help stop it, Republican Presidential candidate Jeb Bush told Bloomberg BNA in an interview.
Three prominent scientists active in the climate field—including Harvard professor Naomi Oreskes—have written an essay saying that industry—major oil companies in particular—is responsible for the lions’ share of greenhouse gas emissions that have contributed to climate change, E&E reports.
California Democrats Sen. Dianne Feinstein and Sen. Barbara Boxer have proposed a bill to provide $1.3 billion over ten years to projects that would help their state cope better with drought, the Los Angeles Times reports.
Support for oil prices, provided by a report of a drawdown in inventories, evaporated Thursday in the face of a rally in the dollar. U.S. benchmark crude lost 27 cents to settle at $48.52 on the Nymex, while in London, Brent slipped 7 cents to $53.31, Reuters reports.
Cashing in on the flood of cheap crude oil, refiner Valero Energy reported $1.4 billion in earnings in the second quarter, more than double what it made a year ago, and chief Joe Gorder was talking about expansion and diversification, FuelFix reports.
Although performing better than analysts expected, ConocoPhillips still reported a loss of $179 million in the second quarter, and announced it will cut capital spending by another $500 million, The Wall Street Journal reports.
Lower oil and gas prices that cut drilling activity were responsible for Pioneer Energy Services’ growing red ink in the second quarter, the contract driller said as it reported a net loss of $77.3 million, FuelFix reports.
Royal Dutch Shell might look to get involved in gas projects in Iran once sanctions are lifted in the wake of the nuclear agreement Tehran reached with global powers, according to Chief Financial Officer Simon Henry, Platts reports.