The North Dakota Public Service Commission has unanimously rejected an application from Xcel Energy to recover from the state's ratepayers some of the cost of solar projects required to help utility meet a renewable energy mandate in neighboring Minnesota, The Bismarck Tribune reports.
MANILA, Philippines (AP) — Asia has made huge strides in developing clean energy over the last decade but must boost investment and its use of energy efficiency technology to meet rising demand and cope with climate change, Asian Development Bank officials and other experts said Wednesday.
Renewable energy has become cheaper as technology progresses and governments must seize the chance low oil prices present to eliminate costly fuel subsidies and level the playing field for renewables, said Bindu Lohani, an ADB vice president.
The White House is to announce Tuesday that its efforts to mobilize private and philanthropic sector investment in clean energy programs have achieved double an initial goal of $2 billion, and that it plans new executive orders to assist future investment.
The Obama Administration’s Clean Energy Investment Initiative has driven more than $4 billion in commitments since it was announced in February, White House officials said, with funding coming from sources including Goldman Sachs, the Sierra Club and the California Board of Regents.
Giant solar facilities that use mirrors and steam to generate power – like BrightSource Energy’s Ivanpah project operated by NRG Energy in Southern California -- have been falling far short of their projections for generating electricity, in part because of technical problems, The Wall Street Journal reports.
YORK TOWNSHIP, Mich. (AP) — The timing isn't perfect, but Toyota is getting close to rolling out the next generation of its Prius gas-electric hybrid car.
Low gas prices have depressed sales of hybrids, with Prius sales falling 14 percent in the first five months of this year. The U.S. government expects gasoline to average $2.44 a gallon this year, compared with $3.36 a gallon in 2014.
CHEYENNE, Wyo. (AP) — A solar power system to be installed at one of Wyoming's bigger microbreweries helped Agriculture Secretary Tom Vilsack on Wednesday promote a nationwide program to encourage energy efficiency and renewable energy.
Vilsack planned to visit Jackson's Snake River Brewing Company later in the day to announce 544 grants totaling $6.7 million nationwide through the U.S. Department of Agriculture Rural Energy for America Program. Three grants in this round of funding went to Wyoming, including one for $13,810 to help the brewery offset the cost of installing the solar panel.
Tesla has an announced rival in the home and commercial energy storage market: Daimler AG Tuesday announced it was starting to take orders for batteries that bear the Mercedes brand, International Business Times reports.
The Obama administration may be backing away from its insistence that future coal-burning power plants use carbon capture technology, settling instead on a requirement for ultra-supercritical technology in the Environmental Protection Agency's Clean Power Plan, E&E reports.
The U.S. Army Corps of Engineers argued that the Environmental Protection Agency's Clean Water Rule lacks a sound scientific basis in memos made public by the House Oversight and Government Reform Committee Thursday, The Hill reports.
The Department of Energy has agreed to rework its proposed efficiency standards for walk-in freezers and coolers, according to the Air-Conditioning, Heating and Refrigeration Institute, which says it has reached a settlement with the DOE over the issue, The Hill reports.
Sen. Martin Heinrich, D-N.M. says some other Democrats may be willing to go along with him and Sen. Angus King, I-Me., in a willingness to support legislation lifting the ban on U.S. crude exports if it also backs renewable energy such as wind and solar, E&E reports.
Despite data from the Energy Information Administration showing that U.S. crude production peaked at almost 9.7 million barrels a day in March, news of an increase in oil rig count this week piled more pressure on prices. U.S. benchmark crude slumped $1.40, or 2.9 percent, to settle at $47.12 a barrel on the Nymex, while in London, Brent dropped $1.10 to $52.26, its lowest settlement since January, The Wall Street Journal reports.
Chevron is getting nearly a third more oil and gas from its wells in the Permian Basin, and is paying less for oilfield services as well—but even so, its second quarter profits dove 90 percent on lower crude prices, FuelFix reports.
Hess has increased its production forecast for its Bakken Shale operations to up to 110,000 barrels of oil equivalent per day, despite the company dropping the number of rigs it’s operating in the play, Platts reports.
Many witnesses testifying at the first Interior Department hearing on the future of the federal coal program—which was attended by Secretary Sally Jewell—said they wanted to see higher royalty rates to raise more money for U.S. taxpayers, High Country News reports.
Senior creditors for Alpha Natural Resources Inc. will loan money to the beleaguered Virginia-based coal company to help it get through bankruptcy, a filing for which could come as early as Monday, Bloomberg reports.
Although Thursday’s peak demand of 67,624 megawatts didn’t break the all-time record as the Electric Reliability Council of Texas had feared, it's been a huge week for demand, and the grid operator expects high usage throughout the summer, FuelFix reports.