Energy Update

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The most valuable incentive today for solar projects – the 30% investment tax credit (ITC) – will be drastically reduced after 2016. Many sources are predicting a collapse of the solar industry and curtailment of new projects at a time when electricity demand is pushing the limits of the grid.

FRANKFURT, Aug 28 (Reuters) - Auto parts maker Robert Bosch has bought Seeo Inc, a California-based company that has developed next-generation lithium-ion batteries that could double the range of electric cars.

* Energy companies rebound, lead the gainers (Updates figures, recasts)

LONDON, Aug 28 (Reuters) - Front-month Brent crude futures surged more than 10 percent higher yesterday, one of the largest daily percentage movements on record, as traders raced to cover short positions (http://link.reuters.com/teh55w).

I’ve spent a lot of time over the past 15 years talking to homeowners about rooftop solar. More kitchen table chats and walks around the house than I can count. Some of the basic questions I hear again and again. Because they are new to solar, some of the most important questions do not even occur to homeowners.

If finalized, the landmark nuclear deal will see the removal of sanctions that have drastically cut Iran's oil earnings and deprived the country of the investment it needs to develop its vast oil and gas reserves.

* First trip as executive director will be China in September

* Poland's Law and Justice likely to win parliamentary election

BEIJING, Aug 28 (Reuters) - China and the United States stressed the positives in their complex relationship on Friday during meetings between U.S. National Security Adviser Susan Rice and Chinese officials ahead of a U.S.

* U.S. crude on track for first weekly gain in nine weeks (Updates prices in paragraph 7)

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