Energy Update
SunPower Corp. and Consolidated Edison Inc. plan to offer rooftop solar panels bundled with batteries to more than 300 New York residential customers, creating a system that will be able to store energy to feed the grid.
Tokio Marine & Nichido Fire Insurance Co. has begun offering a type of insurance intended to ease the concern of hot springs operators about the impact of new geothermal power stations.
Kenya is on course to becoming Africa’s biggest producer of geothermal energy, with plans underway to produce an extra 2000 MWs of power from steam in the next six years.
MADRID/FRANKFURT, June 15 (Reuters) - Spain's Gamesa
said it has not reached any deal with Germany's Siemens
on a planned merger of their wind energy businesses
and negotiations remained open.
OTTOBRUN, Germany, June 15 (Reuters) - As airlines struggle
to find cleaner ways to power jets and with an industry-wide
meeting on CO2 emissions just months away, scientists are busy
growing algae in vast open tanks at an Airbus site at
Ottobrun, near Munich.
CAIRO, June 15 (Thomson Reuters Foundation) - As young
people across the Middle East grapple with a lack of employment,
a growing number of Egyptian entrepreneurs are learning that
eco-friendly businesses can solve environmental problems and
boost their bottom line.
SYDNEY, June 15 (Reuters) - Exxon Mobil Corp and BHP
Billiton Ltd said on Wednesday that they are
considering selling depleting energy assets in Australia,
including Kingfish, the country's largest ever discovered oil
field.
MELBOURNE, June 15 (Reuters) - Takeover target InterOil Corp
said on Wednesday a protest vote against its directors
at a shareholders' meeting will have no bearing on an upcoming
vote on a $2.2 billion bid for it by Australia's Oil Search
.
LONDON, June 15 (Reuters) - The chief executive of
Rolls-Royce has told his British staff that the aerospace
and industrial power engineering group is better off in the EU,
warning that leaving could result in some investment decisions
being put on hold.
LONDON, June 15 (Reuters) - The average cost of electricity
generated by solar and wind energy could fall by up to 59
percent by 2025 if the right policies are in place, a report by
the International Renewable Energy Agency (IRENA) said on
Wednesday.
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