Energy News

Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors | Reuters Shares of Lordstown Motors tumbled more than 9% during after-hours

Power company chief executive John Ng says he’s always had green energy on his mind, ever since he started his career as a boiler engineer more than 35 years ago. “I joined the power industry in 1985 … As a boiler engineer, we are supposed to make sure that the boiler is run at the

In this article F U.S. President Joe Biden gives an update on his administration’s COVID-19 response and vaccination program in the East Room of the White House on May 17, 2021 in Washington, DC. Anna Moneymaker | Getty Images DETROIT – President Joe Biden is expected to use a visit Tuesday to a Ford Motor

Patrick Pleul | picture alliance | Getty Images The world’s pathway to developing an energy sector with net-zero emissions by the middle of the century is a viable but narrow one, the International Energy Agency said Tuesday. In a statement released alongside the publication of a major new report, the Paris-based organization said achieving the

In this article ENI-IT EQNR-NO GE GE Renewable Energy The final phase of a development dubbed “the world’s largest offshore wind farm” is to use 14 megawatt versions of GE Renewable Energy’s huge Haliade-X turbine after a contract for their supply was confirmed. In an announcement Tuesday, GE said a service and warranty contract had

In this article TSLA A Tesla supercharger station photographed on January 4, 2021 in Hawthorne, California. PATRICK T. FALLON | AFP | Getty Images Technology from Tesla will be used at a new U.K. facility that’s being described as “Europe’s most powerful EV charging hub.” The announcement comes as authorities attempt to ramp up infrastructure

China’s ambitions to take a more significant role in the Arctic will likely lead to growing tensions, according to risk consultancy firm Control Risks. China has developed a “prominent presence” in the region since joining the Arctic Council as an observer in 2013, Oksana Antonenko, director at Control Risks, told CNBC’s “Squawk Box Asia.” The

In this article ENR-DE Workers photographed walking past a section of solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park in Dubai on March 20, 2017. STRINGER | AFP | Getty Images A Dubai-based project described as the “first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa” has been

The rotation out of technology may be facing yet another catalyst. If energy’s outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak’s Matt Maley told CNBC’s “Trading Nation” on Tuesday. Oil prices fell Wednesday to around $62 a barrel after hitting two-month

Former U.N. Secretary-General Ban Ki-moon has spoken of the multiple disasters the world is currently facing, which have only been accentuated by the ongoing coronavirus pandemic.  Ban, who led the U.N. from 2007-2016, called on global leaders to raise their ambition in order to avoid failures on a range of different issues, including climate change

In this article .NSEI BTC.CB= MMIT-GB Emerging markets investing guru Mark Mobius said he likes Indian stocks even though Covid-19 cases in the country have surged, as “this is going to pass.” India’s stock benchmark Nifty 50 has risen around 8.1% this year as of Tuesday’s close. The index has climbed despite the country reporting

Turkish world record-holder free-diver and divers of the Underwater Federation Sahika Encumen dives amid plastic waste in Ortakoy coastline to observe the life and pollution of Bosphorus in Istanbul, Turkey on June 27, 2020. Sebnem Coskun | Anadolu Agency | Getty Images LONDON — Just 20 companies are the source of more than half of

A friend carrying a gas container is greeted by a motorist waiting in a lengthy line to enter a gasoline station during a surge in the demand for fuel following the cyberattack that crippled the Colonial Pipeline, in Durham, North Carolina, May 12, 2021. Jonathan Drake | Reuters Gas prices have jumped more than eight

In this article BTC.CM= TSLA Pavlo Gonchar | LightRocket | Getty Images Elon Musk’s decision to stop Tesla from accepting bitcoin as payment has led to fresh scrutiny of the cryptocurrency’s environmental impact. Musk said Wednesday that Tesla had halted purchases of its vehicles with bitcoin due to concerns over the “rapidly increasing use of

Transportation Secretary Pete Buttigieg said Thursday that the ransomware attack on Colonial Pipeline, the operator of the country’s largest fuel pipeline, has been a “wakeup call” for U.S. cybersecurity vulnerability. Colonial is still struggling with a cybersecurity attack that forced its entire system offline on Friday and triggered widespread fuel shortages across the East Coast.

In this article DUK A view of Duke Energy’s Marshall Power Plant in Sherrills Ford, North Carolina, November 29, 2018. Chris Keane | Reuters Company: Duke Energy Corp. (DUK) Business: Duke operates as an energy company in the United States that is the product of a merger with Cinergy in 2006; a merger with Progress

A woman fills gas cans at a Speedway gas station on May 12, 2021 in Benson, North Carolina. Most stations in the area along I-95 are without fuel following the Colonial Pipeline hack. Sean Rayford | Getty Images The Colonial Pipeline hack was not the first domino to fall in a world-ending spate of sudden

Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey, on Wednesday, May 12, 2021. Mark Kauzlarich | Bloomberg | Getty Images The recent ransomware attack on Colonial Pipeline was an all too familiar story to businesses across the United States. The pipeline, which supplies fuel to some 50 million people from the

Monty Rakusen | Cultura | Getty Images A project aiming to harness geothermal energy from disused, flooded coal mines in the northeast of England took another step forward this week after it was given planning permission for an initial testing phase. In an announcement Monday, South Tyneside Council said the development would “draw geothermal energy

[The stream is slated to start at 11:50 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks about the ransomware attack on Colonial Pipeline, which forced the company to shut down operations and led to widespread fuel shortages in