Germany’s planned nuclear switch-off is driving a surge in clean energy investment. [The Guardian] General Electric announced Monday that it had finalised a deal to acquire the energy assets of France’s Alstom for $10.7 billion. [Yahoo] The $2.2 billion Ivanpah Solar Electric Generating System benefited from a $1.6 billion Energy Department loan guarantee has been… Keep reading →
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Duke Energy and Lee County natives in North Carolina are struggling to reach a settlement over disputed toxic ash produced from the burning of coal to harness electricity. “It leaves behind ash that can contain arsenic, selenium, boron and many other toxic substances.For decades, that ash simply has been buried in pits near the power… Keep reading →
An explosion killed three people and injured one on Wednesday at an oil and gas field in West Texas owned and operated by Parsley Energy Inc.”Our thoughts are with the families,” Lisa Elliott of Parsley said of the accident on Tuesday in Upton County, Texas. The Occupational Safety and Health Administration said it was investigating… Keep reading →
Energy News Roundup: Lack of US Energy Policy Revealed, PA Shale Driller Penalized and Alstom Pleads Guilty to BriberyBy Jared Anderson
OK, many already know the US lacks a comprehensive energy policy, but an IEA study released this week reaches that same conclusion. The long-term nature of energy development projects does not mesh well with 2-year and 4-year election cycles. “A chief obstacle in US energy policy a lack of clarity, the report says. This month’s… Keep reading →
Energy News Roundup: Major Siemens Acquisition, Solar City Batteries for Everyone! And $1.2B NJ Infrastructure UpgradeBy Jared Anderson
Siemens is acquiring gas equipment manufacturer Dresser-Rand for $7.6 billion dollars in a move meant to help the German conglomerate capitalize on the US energy boom. Earlier this year Siemens bought “most” of Rolls-Royce’s civil energy operation for $1.3 billion. The acquisitions are also likely motivated by a desire to remain competitive with rival GE, which… Keep reading →
Deepwater Wind has received the final federal approval required to advance its proposed Block Island Wind Farm, which would be the nation’s first offshore wind project. On September 5, 2014, Deepwater Wind announced that its proposed Block Island Wind Farm has received final federal permit from the U.S. Army Corps of Engineers, the project’s lead… Keep reading →
GE’s apparently successful takeover of key segments of Alstom’s prized energy business raised eyebrows when many thought German energy giant Siemens would prevail. Siemens’ unwillingness to part with its train signaling business – a critical concession made by GE – is reportedly one aspect of the deal that tipped negotiations in GE’s favor. Interestingly, the… Keep reading →
The conflict between North and South Sudan is rapidly deteriorating amid talk of war. The South last Friday and Saturday reportedly shut in 900 oil wells and signed a deal with Kenya to construct a new pipeline that would divert exports away from the North. “What the South will pay to ship oil north to… Keep reading →
Blessed with abundant surface water resources and a considerable amount of associated hydroelectric power, Brazil has lots of renewable energy, and a lot of room to generate additional power from renewable sources like wind and solar.
Brazil is the world’s second largest hydro power consumer behind China, but a sharp contrast between wet and dry seasons – along with occasional droughts – has driven the country to import LNG in recent years to supplement its energy security. Keep reading →