Energy Update
May 1 (Reuters) - Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices.
WASHINGTON/NEW YORK, May 1 (Reuters) - Long-awaited new safety rules for trains carrying oil in the United States and Canada were announced on Friday as regulators seek to reduce risks after a series of explosive accidents accompanied a surge in crude-by-rail shipments in recent years.
NEW YORK, May 1 (Reuters) - The U.S.
First Solar Inc., the biggest U.S. solar- panel maker, reported its first loss in three years as it prepares to create a new company to operate some of its completed power plants.
Tesla Motors Inc. Chief Executive Officer Elon Musk unveiled a suite of batteries to store electricity for homes, businesses and utilities, saying a greener power grid furthers the company’s mission to provide pollution-free energy.
Solar energy is a booming business across North America. Installations grew 30 percent across the United States in 2014 for the industry’s biggest year yet, but industry expansion also brings consolidation – Ernst & Young reports industry deal values hit a four-year high of $177.1 billion in 2014, with investment and acquisitions both predicted to
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