If only we could all be as optimistic, and energetic, as Tesla CEO Elon Musk. Even as Tesla gears up for mass production of the Model 3 electric car and a hoped-for annual production rate of 500,000 total cars by next year, Musk has found time to place a high-profile bet on the renewable energy part of Tesla's businesses. In this case, it has to... Tesla offers South Australia battery storage within 100 days
If only we could all be as optimistic, and energetic, as Tesla CEO Elon Musk. Even as Tesla gears up for mass production of the Model 3 electric car and a hoped-for annual production rate of 500,000 total cars by next year, Musk has found time to place a high-profile bet on the renewable energy part of Tesla's businesses. In this case, it has to...
The new presidential administration seems poised to take a radically different approach to energy policy than its predecessor. That approach is founded on denial of accepted climate science, and an expressed desire to promote the fossil-fuel industry, including the so-called revival of coal. But while the White House prepares to execute what looks...
Even before Elon Musk engineered Tesla's acquisition of SolarCity, the two companies were collaborating. SolarCity was already controlled by Musk, who believes its solar-energy business can be reinforced and complemented by Tesla's energy-storage business. Last year, Tesla announced a joint project with SolarCity to install a large battery farm...
Substantial growth in U.S. renewable-energy capacity will undoubtedly have a positive environmental impact. But the reduction in carbon emissions renewable-energy advocates aim to achieve does not exclude potential benefits to consumers. Because as renewable-energy generating capacity has expanded significantly over the last decade, household...
No matter how you measure it, 2016 was a major year for solar energy. More solar-generating capacity was added last year than either natural gas or wind, according to the U.S. Department of Energy. A study by investment bank and research firm Lazard found that utility-scale solar has now become the single cheapest form of unsubsidized electricity...
Mass adoption of electric cars and renewable energy could significantly decrease global consumption of fossil fuels. But does the established energy industry view these new developments as a threat? In a recent report, ExxonMobil said coal could continue to provide the majority of the world's electricity-generation capacity in 2040, and that...
Long a leader in the push to reduce vehicle emissions and switch to renewable energy, California marks another milestone this week. The last of three battery energy-storage sites will come online in Southern California, providing storage and buffering for unpredictable renewable energy. Together, the three sites add up to capacity equal to fully...
If electric cars are adopted by mass-market buyers in years to come, that will lead over time to notably lower oil consumption. So what are oil companies doing to prepare for that possible outcome? Some continue to doubt whether electric cars will constitute a serious threat to their business in the coming decades—but others are branching...
Renewable energy sources may eventually render fossil fuels irrelevant in energy generation, but when will the switch between the two energy sources occur? It's a question that fosters much debate among policymakers, environmental advocates, and financial analysts. For its part, ExxonMobil believes fossil fuels—notably including...
The winds of change are blowing harder in the U.K. The price of energy generated by offshore wind farms has been falling steadily, and ahead of schedule too. Costs have fallen 32 percent since 2012, bringing them below a target of £100 per megawatt-hour previously set by the U.K. government and utilities. DON'T MISS: When lauding renewables...
Islands can be excellent places to promote clean energy. Because they are typically disconnected from both mainland grid infrastructure and sources of fossil fuels, it is easier for alternative sources of energy to gain a foothold. In fact, the cost of importing coal or oil to fuel power plants or vehicles can make fossil fuels vastly more...
While renewable-energy use has grown substantially over the last few years, the regulatory environment remains volatile. Some states have worked hard to stimulate renewable energy, supporting infrastructure projects and offering incentives to consumers who install home solar arrays. But others have tried to restrict renewable energy, often at the...
The news on the renewable energy front continues to be good, with the costs of wind and solar generation falling steadily. By some measures, large-scale renewable energy is now cost-competitive (or close) with the most efficient natural-gas electric plants. Moreover, the amounts of clean generating capacity installed continue to rise, both in...
While modern electric cars have only been available in large numbers for a few years, electric trains have been commonplace for some time. As with electric cars, the source of the electricity used to power these trains impacts their overall carbon footprint. The cleaner an energy source, the cleaner the vehicles it powers. DON'T MISS: Alstom...
Despite a recent downturn, the Chinese government is moving full-speed ahead to invest heavily in renewable energy. The country's national regulators have already promoted renewable energy as a possible cure for the country's notoriously-bad air pollution. But China has placed more emphasis on renewable power in its latest five-year economic plan...
Renewable-energy growth has accelerated in 2016, but this may go down as a milestone year for one renewable-energy source in particular. Together, all renewable-energy sources are expected to account for 8 percent of U.S. electricity-generation capacity in 2017, according to the Department of Energy, and solar energy is responsible for most of...