WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced a new National Community Solar Partnership (NCSP) target: to enable community solar systems to power the equivalent of five million households by 2025 and create $1 billion in energy bill savings. Reaching these milestones will help achieve the Biden-Harris Administration’s goals of achieving 100% clean electricity
In this article TSLA It’s been five years since Tesla acquired SolarCity for around $2.6 billion. To convince shareholders to approve the deal, Elon Musk hosted a splashy event in Hollywood, where he held up a shiny roof shingle, which he said was a miniaturized solar panel. SolarCity was founded in 2006 by Musk’s cousins,
In this article @NG.1 The Point of Ayr Gas Terminal in Talacre, Wales, on September 20, 2021. Christopher Furlong | Getty Images A global energy crunch is sending natural gas prices soaring in the U.K., Europe and Asia hitting record highs. However, experts say the stratospheric prices seen in Europe are unlikely to carry over
By Joey Klender Posted on October 8, 2021 Tesla’s use of specific events for recruiting purposes was welcomed in by the company’s recently held AI Day, which took place in mid-September. Looking to expand its team of software engineers and AI experts, Tesla showed the most intimate details regarding its AI platform, impressive examples of
Russian oil and gas company Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Azerbaijan part of the Caspian Sea from Malaysian giant Petronas. Lukoil said that the value of the transaction would amount to $2.25 billion and that the completion was subject to fulfillment of
ESS is a manufacturer of iron flow batteries in the state of Oregon. At the present time, lithium-ion batteries account for about 85% of grid-scale energy storage. That technology is time-tested and reliable. Prices continue to fall, but lithium-ion batteries have some issues. They use materials like lithium, cobalt, manganese, aluminum, and nickel that can
A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images LONDON — Winter isn’t even upon us yet and Europe is already experiencing a gas market crisis with
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 DUBAI, United Arab Emirates — The United Arab Emirates will invest more than $160 billion to become the first Gulf state to achieve net zero carbon
Russian Prime Minister Vladimir Putin back in 2011. FABRICE COFFRINI | AFP | Getty Images LONDON – After Russia rode to Europe’s rescue and offered to increase gas supplies to the region amid soaring prices, experts said one thing had become abundantly clear: Europe is now largely at Russia’s mercy when it comes to energy,
By Simon Alvarez Posted on October 7, 2021 Elon Musk has posted a key update to Tesla’s FSD Beta 10.2 rollout, with the CEO stating that the new iteration of the company’s advanced driver-assist system is poised for release this coming Friday. Musk also noted that the program would be expanding to about 1,000 new
Elon Musk has released a few additional details about Tesla’s “Full Self-Driving Beta” wider release, which should start tomorrow. Tesla’s plan for a “wider release” of its Full Self-Driving Beta, which was supposed to land six months ago, has changed a lot over the last month. It went from a simple “download button” that would
CNR International has hired Aberdeen-based Well-Safe Solutions to decommission a large number of wells on two oilfields in the UK central North Sea. Well-Safe said that the contract award was for the decommissioning of up to 14 wells on the Banff and Kyle fields. The fields, which have nine development wells and five exploration and
An exciting new initiative has been created by the U.S. Department of Energy (DOE) and the National Renewable Energy Laboratory (NREL) to catalyze the development of cybersecurity solutions for the nation’s clean energy grid of the future. The Clean Energy Cybersecurity Accelerator brings together federal infrastructure and expertise, asset owners in the energy sector, and
Gas prices approaching $5 a gallon are displayed in front of a Shell gas station on October 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Gas prices have steadily climbed higher this year, and Americans are now paying the most at the pump in seven years. The national average for a gallon
A coal fired power plant in Jiayuguan, Gansu province, China. Qilai Shen | Bloomberg | Getty Images Even with the current drive toward more renewable energy sources, global carbon emissions are going to increase through 2050, unless there are significant changes in policy or technology between now and then. That’s according to a new report
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters LONDON — Oil prices climbed to multi-year highs shortly after a
By Simon Alvarez Posted on October 6, 2021 Tesla tends to roll out price increases and decreases to its vehicle lineup on a rather frequent basis. Just recently, Tesla rolled out new price adjustments to the Model 3 and Model Y, which resulted in the Model 3 Standard Range Plus — the most affordable vehicle
Brazilian oil and gas major Petrobras has restarted production from the Manati gas field offshore Brazil following the completion of pipeline repairs. The Manati gas field was shut down on September 27, 2021, due to a small gas leak in the inland pipeline between the compression station and the gas treatment station. The field, located
Genex Power, which is focused on developing a portfolio of renewable energy generation and storage projects across Australia, has announced the execution of a supply agreement contract with Tesla for its Bouldercombe Battery Project in Queensland. The company noted that the Tesla energy storage devices are some of the best products available on the market
Oil prices could experience an “off the charts spike” as winter approaches and OPEC and its allies stick to their earlier pact on oil output, a strategist told CNBC. OPEC+ — the Organization of the Petroleum Exporting Countries, with their allies including Russia — have been under pressure from top consumers, such as the United
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