Alternative and sustainable energy
Coal investments set to rise 10% this year as nations fret over energy security
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 […]
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How GM, Ford and Tesla are tackling the national EV charging challenge
More people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up six-fold since 2016, but the number of EVs is still a very small slice of the more than 280 million vehicles in operation. Some factors, such as upfront cost and battery range, are largely […]
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Volvo says it has started testing trucks with fuel cells powered by hydrogen
According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Images Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm […]
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How the massive EV transition is starting in the car rental industry
Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by […]
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A huge offshore wind farm is jumping on a growing industry trend — recyclable turbine blades
A wind turbine at the Ormonde Offshore Wind Farm, in the Irish Sea. With governments around the world attempting to ramp up their renewable energy capacity, the number of wind turbines worldwide only looks set to grow, which will in turn increase pressure on the sector to find sustainable solutions to the disposal of blades. […]
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Goldman Sachs loves these 4 global energy stocks — and one is on its conviction list
Analysts at Goldman Sachs and Bank of America have picked their top energy stocks, with those involved in hydrogen, electric vehicles and renewables among their favorites. The sector certainly looks hot right now, with the iShares Global Energy ETF up around 30% year-to-date as investors react to sky-high energy prices. In a note from June […]
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UK bolsters gas stockpile for winter with Ukraine war squeezing supply and sending prices soaring
Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | Moment | Getty Images Norwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.’s Centrica over the next three […]
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Meta’s Silicon Valley home, Menlo Park, plans to electrify 95% of its buildings
A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019. Josh Edelson | AFP | Getty Images Technology hub Menlo Park, California, home to Meta, is teaming up with Brooklyn, New York-based BlocPower in a new form of public-private partnership to electrify thousands of buildings to […]
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Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project
A BP logo photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. Glyn Kirk | Afp | Getty Images Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy […]
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‘Delusional’: UN chief slams new fossil fuel funding and warns of climate chaos
In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply not good enough,” he said. Michael M. Santiago | Getty Images News | Getty Images The U.N. Secretary General has slammed new funding for fossil fuel exploration, […]
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