Energy News

In this article TSLA NEOEN-FR Elon Musk speaks at Hornsdale wind farms in Australia for an event for Tesla Getty Images A fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia’s Victoria state around 10:15 a.m. local time on Friday, CNBC has confirmed. The cause of the

The push for a four-day workweek has gained traction during the coronavirus pandemic, even grabbing the attention of Congress, but a shorter workweek may be difficult to implement on Wall Street. The finance sector has “always been a culture of heavy hours and working a lot,” said Jason Snipe, founder and CIO of Odyssey Capital

In this article SRG-IT ENEL-IT The CEO of Italian infrastructure giant Snam on Friday outlined a vision for the future of hydrogen, saying the “beauty” of it was that it could be easily stored and transported. Speaking to CNBC’s “Squawk Box Europe,” Marco Alverà spoke about how current systems would be used to facilitate the

Infrastructure stocks took off late this week as a bill backed by President Joe Biden cleared another key hurdle. Late Wednesday, the Senate voted to advance the infrastructure bill, which includes $550 billion in new spending for such projects as moving the country to clean energy reliance, building roads and rails and expanding internet access.

In this article COST-GB This photo, from 2019, shows a Scania cargo e-truck being powered by overhead electrical power lines on the A5 autobahn in Germany. Alex Kraus | Bloomberg | Getty Images The U.K.’s Department of Transport has commissioned a consortium to look into the viability of using overhead wires to power long-distance trucks.

A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images LONDON — Oil giant Royal Dutch

A tidal turbine weighing 680 metric tons and dubbed “the world’s most powerful” has started grid-connected power generation at the European Marine Energy Centre in Orkney, an archipelago located north of mainland Scotland. The news marks another major step forward for the U.K.’s nascent marine energy sector.  In an announcement Wednesday, Scottish engineering firm Orbital

In this article SGRE-ES Chris Ratcliffe | Bloomberg | Getty Images Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council. Published Tuesday, the analysis – which was put

An electric vehicle charging point in Stoke-on-Trent, England. Nathan Stirk | Getty Images News | Getty Images The number of electric vehicles on the world’s roads is surging, hitting a record number last year. That would seem to be good news, as the world tries to wean itself off fossil fuels that are wrecking the

Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal

An oil pump jack operates at the Inglewood Oil Field in Culver City, California, U.S., on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images LONDON — Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC, following a brutal 12 months by

John Kerry gives a speech at the Royal Botanic Gardens, Kew, London on July 20, 2021. TOLGA AKMEN | AFP | Getty Images The United States’ climate envoy John Kerry issued a stark warning on Tuesday, claiming that the suffering brought about by the Covid-19 pandemic would be “magnified many times over in a world

In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to

In this article TSLA DAI-DE VOW3-DE Sina Schuldt | picture alliance | Getty Images Germany’s Daimler said Thursday that its Mercedes-Benz brand would “be ready to go all electric at the end of the decade, where market conditions allow.” It’s the latest sign of how major automotive firms are gearing up for a future based

Drazen_ | E+ | Getty Images Swedish energy firm Vattenfall has been given a permit to build a project in the Netherlands that plans to combine solar power with farming, in the latest example of how renewables and agriculture can potentially dovetail with one another.  In a statement earlier this week Annemarie Schouten, Vattenfall’s head

President of Iran, Hassan Rouhani speaks during the National Combat Board Meeting with Coronavirus (Covid-19) in Tehran, Iran on Nov. 21, 2020. Iranian Presidency Handout | Anadolu Agency | Getty Images WASHINGTON – Iran opened its first oil terminal in the Gulf of Oman on Thursday, a move aimed at making Iranian President Hassan Rouhani’s

In this article WM RSG A rising industry America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees

Workers during the production process of pipes at the Nord Stream 2 facility at Mukran on Ruegen Islandon in Sassnitz, Germany. Carsten Koall | Getty Images WASHINGTON – The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention between the

In this article .VIX Market bull Art Hogan is looking beyond the trading week’s rough start. The National Securities chief market strategist expects the violent moves will set the stage for a massive comeback that will prompt him to hike his S&P 500 year-end target. “Here we are with everything for sale in a risk-off

In this article XME HAL XLE @CL.1 Crude oil held below $70, a key psychological level, on Tuesday. The oil market bore the brunt of a major sell-off on Wall Street to begin the week with the spread of the Covid delta variant raising fears of a slowdown in the economic recovery. OPEC and its