Energy Update
LONDON, Dec 22 (Reuters) - Royal Dutch Shell said on Tuesday it planned to complete its proposed $53 billion takeover of BG Group by Feb. 15, outlining plans for further spending cuts next year in the face of low oil prices.
It’s about to get more expensive for homeowners to go solar in Nevada. The state’s public utilities commission filed Monday a draft order that would reduce the credits that customers get when they sell power back to the grid. The so-called net metering payments were a strong incentive for individuals and businesses in the state to install their own solar panels in recent years.
Southern California Edison is embracing energy storage technology over the natural gas-fired peaker plants that utilities have traditionally relied upon to meet sudden shortfalls in electricity.
Marine hydrokinetics (MHK) company BioPower Systems (BPS) reports it deployed its 250 kW bioWAVE pilot demonstration unit, Dec. 16, in the Southern Ocean off the southeastern coast of Australia near Port Fairy, Victoria.
BEIRUT, Dec 22 (Reuters) - Russia will begin building two nuclear power plant units in Iran next week, Mehr news agency quoted an Iranian nuclear official as saying, under a deal signed in Moscow last year between subsidiaries of the two countries' state atomic agencies.
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