October 8th, 2020 by U.S. Department of Energy Brush up on your knowledge of wind! This article is part of the Energy.gov series highlighting the “Top Things You Didn’t Know About Energy” series. By Liz Hartman Wind turbines are soaring to record sizes. The average rotor diameter of turbines installed in 2018 grew to 379
Environment
Many investors are speculating that Big Oil dividends could be in danger given how low the price of crude has dropped this year, but in an appearance on CNBC’s “Squawk Box,” Chevron CEO Michael Wirth defended his company’s ability to keep its dividend intact. “We continue to have a very strong balance sheet so our
October 8th, 2020 by George Harvey Image from the National Park Service Digital Image Archives, public domain, Wikimedia Commons President Trump has claimed to be economically successful based on a rather small set of metrics. One is joblessness data. Another is the Dow Jones Industrial Index (DJI). There are people who believe in his success,
A Joe Biden win could mean clean energy stocks stay in the green. With the 2020 election less than a month away and the former vice president leading President Donald Trump in polls, clean energy stocks are trading like a Democratic victory is imminent, with the Invesco Solar ETF (TAN) up over 131% year to date
October 8th, 2020 by Zachary Shahan The EU Parliament voted this week, on October 6, to strongly improve its 2030 climate target. The proposal that was voted through was to cut carbon emissions by 60% by 2030 rather than 40% by 2030. Among other things, as BloombergNEF’s Colin Mckerracher states, the majority of new car
Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to harass” and discredit the billionaire by publicly accusing him over Twitter of sexually abusing women, according to the lawsuit filed Monday. David Bateman, the founder and CEO of software company Entrata, started tweeting about Milton in late September, posting
October 7th, 2020 by Guest Contributor The Maid of the Mist, the New York State Office of Parks, Recreation and Historic Preservation, New York Power Authority, and ABB announced today that the Maid of the Mist, the iconic boat tour that has navigated the waters below Niagara Falls since 1846, has launched the first two
Wind turbines in the Irish Sea, in waters near the town of Llandudno, in Wales. VladCa | iStock | Getty Images U.K. Prime Minister Boris Johnson said on Tuesday that he wanted the country to become the “world leader in low cost clean power generation.” Speaking at the Conservative Party annual conference, which was delivered
Energy stocks are showing rare strength this week as oil rallies. The XLE energy ETF is up 4% over the past two days, though remains down nearly 50% this year. The sector is easily the worst performer in 2020. Todd Gordon, founder of TradingAnalysis.com, said the group could slowly be turning a corner as the
October 6th, 2020 by Remeredzai Joseph Kuhudzai The majority of vehicles (ICE or EV) that are imported into most of sub-Saharan Africa are used vehicles from Europe, Asia, and America. Record EV sales are being registered across several key source markets such as Germany for left-hand drive vehicles and the United Kingdom for right-hand drive
October 6th, 2020 by Press Release News release from Vestas Wind Systems A/SAarhus, 6 October 2020 The global demand for sustainable energy solutions in low and ultra-low wind areas continues to grow as renewable technology improves in efficiency and cost. This trend is especially prominent in India, the world’s fourth largest wind energy market, where the
Collaboration is the way to go when it comes to tackling climate change, according to one of the world’s largest alcoholic drinks makers. Like many large manufacturers, Diageo found that a lot of its carbon footprint is produced early on in its supply chain, including from raw materials and in packaging. These are classified as
October 5th, 2020 by Steve Hanley A study by the National Renewable Energy Laboratory, which is part of the US Department of Energy, suggests that if floating solar panels are deployed on the more than 379,000 hydro reservoirs globally, the resultant hybrid systems could generate anywhere from 16% to 40% of the world’s demand for
October 5th, 2020 by Johnna Crider The Financial Times has reported another win for clean energy. NextEra, the world’s largest solar and wind power generator, has surpassed ExxonMobil in market value. NextEra is now more valuable on the stock market than ExxonMobil. This reflects that investors believe that the energy system is changing in favor
There could be upside in store for the market’s worst-performing sector. S&P 500 energy stocks have underperformed the index’s 10 other sectors over a range of time frames including in Tuesday’s trading session, this week, this month, this year and over the last 12 months. The group has encountered numerous headwinds in 2020, not least
October 4th, 2020 by Zachary Shahan After digging into an old spreadsheet to create a new report on top solar power states per capita, it crossed my mind to compare the results from the first half of 2020 with the results from 2012, which is the last time I had published such a report before