Samson Resources Corp., owned by private-equity firm KKR & Co., is working with restructuring advisers, as the steep decline in oil and gas prices complicates its efforts to stem losses and manage debts. “The Tulsa, Okla., company is working with law firm Kirkland & Ellis LLP’s restructuring practice and Blackstone Group LP’s restructuring advisory… Keep reading →
Whether scorched birds are a major issue at the Ivanpah Solar Electric Generating System in California is a matter of dispute. But the “power tower” solar plant and its owners – NRG Energy, Google and BrightSource Energy – might have an even more fundamental problem on their hands: generating adequate electricity. The Mojave Desert plant,… Keep reading →
What the flux? Renewable energy and its advocates and detractors are having a moment, that’s what, a bout of hysteria after the Associated Press revealed that, OMG, renewables aren’t a magical force capable of keeping our air conditioners humming and big-screen TVs aglow without exacting some toll. As with wind, the toll here is in… Keep reading →
Lighting makers keep their options open for smart home platforms. Just over a year ago, the emergence of a sub-$10 light-emitting diode (LED) bulb was big news for the lighting industry. The same pricing trends are headed for smart bulbs too. Now, for just a few dollars more, consumers can buy a GE LED light bulb for… Keep reading →
Walmart’s green platform – headlined by the “aspiration” to source 100 percent of its energy from renewables – got major play last month when President Obama used a solar-panel-festooned California store as a backdrop to promote his own efforts to boost clean power and energy efficiency. But just ahead of the visit, former Labor secretary… Keep reading →
Back in January when Google announced it would spend $3.2 billion to purchase Nest, EDF knew this was a company to watch. The results of three new reports, released today, confirm that controllable thermostats like the Nest Learning Thermostat are both customer-friendly and useful for energy system planners. Moreover, the reports signal that smart devices, such as… Keep reading →
Google is having a big week on the renewable energy front and, in related news, lease financing for new solar installations is rolling along. The Internet giant with tentacles into so many things green and innovative followed its Earth Day announcement of a massive wind energy buy in Iowa with word on Wednesday that it… Keep reading →
Google struck a deal for 407 MW of wind power – reportedly its largest clean energy contract to date – with MidAmerican Energy, a firm mostly owned by Warren Buffett’s Berkshire Hathaway conglomerate. The power will be used at Google’s Iowa data center. “The deal includes both direct energy generation from MidAmerican’s wind farms and… Keep reading →
It’s no secret that the rise of distributed generation is fundamentally altering the traditional centralized power generation, transmission and delivery system, but utilities are dealing with these changes in different ways and NRG appears to be embracing new models instead of fighting to preserve the status quo. In this letter originally printed on the company’s… Keep reading →
The answer is that the two are rapidly converging Google, along with its peers such as Apple, Facebook, eBay, Yahoo, Tesla and hordes of other start-up in and around Silicon Valley, have been the darlings of the Wall Street with their stratospheric market valuations, rising stocks, and growing dominance in the phenomenally fast growing information… Keep reading →
