General Electric’s renewable energy division has been chosen as the preferred turbine supplier for the third and final phase of an offshore wind farm that’s set to be the largest on the planet. According to an announcement from SSE Renewables on Friday, a 14 megawatt (MW) version of GE’s huge …
Read More »EV start-up Canoo unveils new vehicle ahead of NASDAQ debut
Canoo’s van – known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be upfitted – is designed for commercial customers. Canoo Electric vehicle start-up Canoo unveiled a new delivery van Thursday ahead of its public debut on the NASDAQ next week. The futuristic-looking van – …
Read More »Ford wants some Tesla buzz as electric Mach-E Mustang hits showrooms
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC DETROIT – Tesla cars and SUVs are often compared to an iPhone on wheels. Tesla’s four models — the S, 3, X and Y SUV — …
Read More »Exxon defends itself, and Big Oil’s future, as activists circle
“More of the same, and a lot of it,” says CFRA Research energy analyst Stewart Glickman of a newly unveiled plan from Exxon Mobil to reduce its greenhouse gas emissions. But Glickman, and others analysts even more critical of Exxon, say there is a logic and consistency to the oil …
Read More »United Airlines turns to CO2 removal technology to offset emissions
United Airlines Boeing 767-400 ER Extended Range with 2x CF6-80 engines aircraft landing at Amsterdam Schiphol International Airport AMS EHAM in The Netherlands, the Dutch capital. Economou | NurPhoto | Getty Images United Airlines is turning to technology that aims to capture carbon dioxide from the air and store it …
Read More »Alphabet-backed Sidewalk bets on getting customers to cut energy use
As rolling blackouts continue to plague California, one company is hoping that a new $100 million investment will help it keep the lights on — by paying customers to turn the lights off. On Monday OhmConnect said it received $100 million from Alphabet-backed Sidewalk Infrastructure Partners to build the largest …
Read More »The UK’s first forecourt dedicated to electric vehicles has opened
The facility is able to charge up to 36 electric vehicles at once, and uses rooftop solar panels. GRIDSERVE The U.K.’s first forecourt dedicated to charging electric vehicles opened for business on Monday, as part of a plan to establish more than 100 similar sites across the country. Sustainable energy …
Read More »Jim Cramer recommends Linde and Cummins for the future of hydrogen energy
A truck operated by Germany’s Linde Group. Rod Nickel | Canada-Helium | Reuters CNBC’s Jim Cramer on Monday endorsed two stocks as plays on hydrogen fuel cells in the current market environment. While Cramer is convinced that hydrogen fuel technology, a frontier in clean energy, is the way of the …
Read More »Wind farm with ability to power one million households up and running
The Borssele 1&2 offshore wind farm is located in waters off the coast of Zeeland, the Netherlands. Orsted A major offshore wind farm in the Netherlands is now fully operational, with its owners, Danish energy firm Orsted, claiming it provides enough green electricity to power one million households. Situated 23 …
Read More »The race to be Tesla of electric bikes
The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla reached a $500 billion market valuation this week, a sign …
Read More »World’s largest offshore wind farm seals $8 billion financing deal
Offices of the Norwegian energy major Equinor photographed in February 2019. Equinor, alongside SSE, is part of a 50:50 joint venture to develop the Dogger Bank Wind Farm. Bloomberg | Bloomberg | Getty Images A major offshore wind farm, set to be the largest on the planet, took another leap …
Read More »Siemens, Deutsche Bahn plan trial of hydrogen-powered train
The Deutsche Bahn AG logo photographed on the Bahntower, Potsdamer Platz, Berlin. Christoph Soeder | picture alliance | Getty Images Siemens Mobility and Deutsche Bahn have laid out plans to develop and trial a hydrogen fuel-cell train, in the latest example of major firms turning to a technology which could …
Read More »Nio, Xpeng, other EV rivals line up to challenge Tesla on home turf
Citron founder Andrew Left, known for some big short calls, recommended Nio shares, now worth $45 each, at $7 two years ago. Now he is short the name and says of the recent gains in multiple EV makers, “The fact is that retail investors take everything to be the next …
Read More »Forests support jobs and encourage biodiversity, but face threats
Forests are beautiful, home to a diverse range of wildlife, and play an important role when it comes to looking after the world we live in. Much like their appearance, the benefits of forests are multi-layered. According to a recent report from the Food and Agriculture Organization of the U.N. …
Read More »GM to accelerate EV plans, plans to spend up to $27 billion
2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 …
Read More »Auto executive turned fugitive Carlos Ghosn says Covid will drive consolidation
High-flying automotive executive turned international fugitive Carlos Ghosn believes the coronavirus pandemic will accelerate consolidation of the global automotive industry, including his former employer Nissan Motor. In a rare interview following his daring escape to Lebanon from Japan on Dec. 29, the former Nissan chairman said the industry will continue …
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