Energy Update
To Steve Yates, the best thing about his new Tesla Powerwall is that he doesn’t have to worry anymore about the lights going out during a storm. Or maybe it’s how cool an addition it is to the entryway of his house in Monkton, Vermont.
FRANKFURT, May 4 (Reuters) - Siemens revised
upwards its valuation of its backlog of orders from Iran on
Wednesday, citing resurgent business prospects in the country
following the easing of international sanctions.
Two green energy stories were in the headlines last week, spotlighting China’s drive to become a global leader in the new technology and also the right and wrong ways to achieve that aim. An item involving US electric vehicle (EV) powerhouse Tesla (Nasdaq: TSL) represented the right approach, with reports that the company might near a deal with Beijing to build a manufacturing plant in China.
Kenya, Rwanda and Uganda will commence trade of 15 MW of power from the Olkaria Geothermal power plant beginning in May.
RIYADH, May 4 (Reuters) - Saudi Deputy Crown Prince Mohammed
bin Salman got a standing ovation when he visited a gathering of
Saudi youth last month. Last week, after hearing about his
economic plans in a meeting with religious leaders, one of the
kingdom's most conservative sheikhs tweeted a smiling selfie of
himself with the prince.
DUBAI, May 4 (Reuters) - Most stock markets in the Middle
East followed global bourses lower on Wednesday because of weak
oil prices and concern about lacklustre global growth, but
rebounding blue chips lifted Abu Dhabi.
LONDON, May 4 (Reuters) - The warmest winter for more than
30 years reduced fuel oil demand drastically in the United
States in 2015/16 and left the country heavily oversupplied with
heating oil.
In a move that appeared inevitable for months, commercial-scale solar pioneer SunEdison filed for Chapter 11 bankruptcy protection on April 21. The news grabbed clean-tech industry and general business headlines for sure, but I’ve been struck by how little splash it’s made in the broader realm of national attention, particularly politics. The contrast with the partisan uproar that immediately arose after the 2011 bankruptcy of solar startup Solyndra could not be more striking.
LONDON, May 4 (Reuters) - Denmark's A.P. Moller-Maersk said
for the first time on Wednesday there was a risk it could lose
its largest oil producer, a 300,000 barrel per day Qatari field,
and may not replace the production by buying other assets.
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