Renewable Energy
How two college friends launched a company that has helped save 32 terawatt hours of energy and more than $3 billion in energy bills
The founders of Opower, Daniel Yates and Alex Laskey. Brooks Kraft | Corbis News | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Before Alex Laskey launched an energy efficiency company in 2007, he was primarily working on political campaigns, “almost […]
Read More
Norwegian oil giant Equinor to buy U.S.-based battery storage firm
Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company. Hakon Mosvold Larsen | Afp | Getty Images Norway’s Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake […]
Read More
India set to overtake China as the world’s most populous country in 2023, UN says
People photographed in Bengaluru, Karnataka, India. According to the UN, India is home to over 1.4 billion people. Peter Adams | Stone | Getty Images India is on track to overtake China as the planet’s most populous country next year, according to a U.N. report published on Monday. The report, from the population division of […]
Read More
Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]
Read More
Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]
Read More
VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection
Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty Images Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and […]
Read More
The world’s most powerful tidal turbine just got a major funding boost
Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday it secured £8 million ($9.64 […]
Read More
UK-based startup Tevva launches hydrogen-electric truck with 310-mile range
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo. According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as much as 310 miles, […]
Read More
Elon Musk is smart — but he doesn’t understand ESG, tech CEO says
In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and […]
Read More
G-7 leaders to set up a ‘Climate Club’ and take immediate action to secure energy supply
Participants in the G7 summit held in Germany photographed on June 26, 2022. Stefan Rousseau – Pool | Getty Images News | Getty Images G-7 leaders will work with partners to establish a “Climate Club” by the end of this year, according to the communique from their latest meeting. Published Tuesday, the document said leaders […]
Read More