Energy storage is the key to energy systems in an age of renewables, the new “holy grail,” a Bloomberg analyst told The New York Times, which notes that the International Energy Agency has called on the U.S., the EU, China and India to spend a combined $380 billion to boost it.
NEW YORK (AP) — SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption.
Most current rooftop solar deals involve a lease or an agreement to buy power over a period of time, but the company owns the panels. SolarCity's loan will allow customers to own their systems and still pay less for electricity, a simpler and cheaper prospect.
The head of the Internal Revenue Service has called on Congress to take up or abandon a package of tax break extensions and renewals by the end of November to avoid slowing tax refunds next year.
In a letter dated Monday to the chairmen and ranking members on the Senate and House tax-writing committees, Commissioner John A. Koskinen said a decision must be made by then to avoid "serious problems" for IRS and for filers.
While he did not call for passage of legislation, Koskinen's letter gives backers of the tax "extenders" bill pending in the Senate a new argument to use in calling a fast vote when lawmakers return to Washington next month.
STOCKHOLM (AP) — An invention that promises to revolutionize the way the world lights its homes and offices — and already helps create the glowing screens of mobile phones, computers and TVs— earned a Nobel Prize on Tuesday for two Japanese scientists and a Japanese-born American.
By inventing a new kind of light-emitting diode, or LED, they overcame a crucial roadblock for creating white light far more efficiently than incandescent or fluorescent bulbs. Now LEDs are pervasive and experts say their use will only grow.
STOCKHOLM (AP) — Isamu Akasaki and Hiroshi Amano of Japan and U.S. scientist Shuji Nakamura have won the Nobel Prize in physics for the invention of blue light-emitting diodes — a new energy efficient and environment-friendly light source.
The Royal Swedish Academy of Sciences says the invention is just 20 years old, "but it has already contributed to create white light in an entirely new manner to the benefit of us all."
Panasonic CEO Kazuhiro Tsuga told reporters Tuesday that his company plans an initial investment in Tesla’s battery gigafactory that runs to tens of billions of yen, the equivalent of hundreds of millions of dollars, The Wall Street Journal reports.
The land use plan for the California desert announced by Interior Secretary Sally Jewell, which balances renewable energy proposals with conservation measures and runs to some 8,000 pages, will be the subject of discussion at ten public hearings in the coming weeks, while the public comment period on the proposal runs into January, The Press Enterprise reports.
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.