Climate
BlackRock makes $700 million investment in Australian battery storage
Wind turbines in Australia. Earlier this year, a report from Australia’s Clean Energy Council said renewables were responsible for 32.5% of the country’s electricity generation in 2021. Josh Hawley | Moment | Getty Images A fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an Australian firm that develops battery […]
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SoftBank-backed Ola Electric wants to launch a made-in-India EV in 2024
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images The CEO of Ola Electric said Monday his firm would launch an all-electric vehicle that can go from 0 to 100 […]
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California lawmakers float legislation to keep Diablo Canyon nuclear plant open
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. Set on 1,000 acres of scenic coastal property just north and west of Avila Beach, the controversial power plant operated by Pacific Gas & Electric (PG&E) was […]
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House to vote on major climate, tax and health bill, teeing up huge win for Biden
Speaker of the House Nancy Pelosi, D-Calif., arrives for a news conference with members of the Congressional delegation who traveled to Taiwan and the Indo-Pacific region, in the Capitol Visitor Center on Wednesday, August 10, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images The House is expected to pass a sweeping tax, health […]
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German energy giant RWE to burn extra coal as Russian gas supplies dwindle
An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the short term — but […]
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Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected. But it trimmed its […]
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Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the latest signal that automakers […]
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How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]
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Nikola CEO Mark Russell to retire at the end of the year
Mark Russell, chief executive officer of Nikola Corp., left, during a media briefing at the unveiling of the Iveco-Nikola electric truck plant in Ulm, Germany, on Wednesday, Sept. 15, 2021. Andreas Grebert | Bloomberg | Getty Images Nikola CEO Mark Russell will retire at the end of the year, the company announced Wednesday. Russell will […]
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Japanese shipping giant to take part in tidal power project planned for Singapore
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy […]
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