LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy comp... More »
MILAN/FRANKFURT (Reuters) – When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to k... More »
LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »
FRANKFURT (Reuters) – The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA). In its a... More »
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.... More »
HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »
NEW YORK (Reuters) – At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous areas like power lines and grid reliabilit... More »
(Reuters) – French state-controlled energy group EDF has agreed to buy Pivot Power, a British start-up company that specialises in battery storage and electric vehicle charging points. EDF, which did not disclose the financial terms of the acquisition, said th... More »
PIXLEY, Calif. (Reuters) – Joey Airoso has always been proud of his cows, whose milk goes into the butter sold by national dairy company Land O’Lakes. Now he has something new to brag about: the vast amounts of gas produced by his 2,900-head herd is powering t... More »
STOCKHOLM (Reuters) – Swedish power group Vattenfall has won an order from Norway’s biggest dairy group Tine SA to run 200 charging stations for employees’ and customers’ electric vehicles. The state-owned utility said on Sunday the order, which includes payme... More »
STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. ... More »
FRANKFURT (Reuters) – Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned. Fortum and Uniper have been at loggerheads since th... More »
(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House ... More »
(Reuters) – Southern California Gas continued to urge customers to use less natural gas on Friday to avoid straining its system as cold blankets its service area after restoring more withdrawal capacity at its Aliso Canyon storage facility in Los Angeles. On T... More »
BRUSSELS (Reuters) – New European Union rules to regulate Russia’s Nord Stream 2 pipeline won the backing of the bloc’s capitals on Friday, a move that will likely complicate but not rule out its construction. Representatives of the EU’s 28 nations endorsed a ... More »
BERLIN (Reuters) – Germany’s Economy Minister Peter Altmaier on Monday said that he did not want Germany to compensate for a planned phase out of coal-fired power by 2038 by importing nuclear power from neighboring countries. “We want energy security to be pro... More »
ROTTERDAM (Reuters) – As Daan Hosli’s hybrid BMW glides into downtown Rotterdam, it passes a virtual boundary into the city’s “electric-only zone” and his mobile phone trills out a reminder to switch off his combustion engine and drive on battery power. Hosli ... More »
ABU DHABI (Reuters) – ACWA Power is considering supporting the manufacturing of solar panels in Saudi Arabia, its chief executive said, as the power and water plants developer seeks to facilitate Saudi Arabia’s plans to develop its renewable power industry. Sa... More »
PARIS (Reuters) – The French government will not put off planned asset sales aimed at financing an innovation fund, French Finance Minister Bruno Le Maire said on Monday. The French media has recently raised the possibility that plans to sell down stakes in ai... More »
BERLIN (Reuters) – Germany will not withdraw its political support for the Nord Stream 2 gas pipeline with Russia, its foreign minister said on Monday, as some lawmakers suggested curtailing the project to punish Moscow for its seizure of Ukrainian ships and t... More »
FRANKFURT (Reuters) – Plans to break up German utility Innogy IGY.L led its finance chief to rush back to work just two months after he had been in intensive care following a disfiguring acid attack. In his first public comments since the incident, Bernhard Gu... More »
SAO PAULO (Reuters) – Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc and its subsidiaries have made nearly a dozen major acquisit... More »
PARIS (Reuters) – French state-owned power group EDF said some padlocks had been stolen from its Flamanville nuclear power site, although EDF said there was no impact on the plant’s safety. EDF added in a statement on Monday that local police in Cherbourg, nor... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 12, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares hit their highest level in almost two weeks on Monday, boosted by gains among German utilities ... More »
FRANKFURT (Reuters) – Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said. European utilities c... More »
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference after a meeting about Lactalis baby milk contamination scandal at the Bercy Finance Ministry in Paris, France, January 12, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French gross... More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its ... More »
Abidali Neemuchwala, Wipro’s chief executive, addresses the media during a briefing to announce the company’s quarterly results at its headquarters in Bengaluru, India, April 20, 2016. REUTERS/Abishek Chinnappa (Reuters) – Wipro Ltd (WIPR.NS), India’s No.3 sof... More »
FILE PHOTO: The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. REUTERS/Fabrizio Bensch/File Photo LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carm... More »
European shares were flat on Monday with banks weighing and Madrid's bourse lagging its peers as Catalonia's political crisis deepened. More »
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. More »
General Electric Co (GE.N) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people fa... More »
Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy (SRE.N) instead, people... More »
Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the bil... More »
European shares rose on Monday after geopolitical tension had sent them to their worst weekly losses of the year. More »
Traders work in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 4, 2017. REUTERS/Staff/Remote European stocks edged higher on Monday, with banks and utilities the strongest sectors, as mergers and acquisition... More »
A Krafla geothermal power plant is seen in Reykjahlid, Iceland, September 19, 2015. REUTERS/Lefteris Karagiannopoulos Scientists will study the possibility of producing geothermal energy from magma for the first time, in a $100 million project in Iceland, whic... More »
British plans to leave the European Atomic Energy Community (Euratom) when it exits the European Union could raise costs, delay new nuclear power projects and complicate research and international cooperation agreements, experts said on Friday. More »
The Deutsche Bank headquarters are seen in Frankfurt, Germany October 28, 2015. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank (DBKGn.DE) is throwing its energies into reaching a settlement before next month’s presidential election with U.S. authorities dema... More »
The Tamgak open air uranium mine is seen at Areva’s Somair uranium mining facility in Arlit, Niger, September 25, 2013. REUTERS/Joe Penney/File Photo The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium ... More »
BEIJING China on Monday called for Britain to proceed with a nuclear power plant project partly invested in by a Chinese firm, saying the project had firm support from London, after Britain’s new government said it would review it again. The plan by France’s E... More »
LOS ANGELES In the latest disruption from the biggest methane gas leak in California history, nearly 2,000 Los Angeles children returning to class this week after winter break have been reassigned to schools outside the affected area over health concerns. The ... More »
(This October 28 story has been corrected in 13th paragraph to fix 100 mph metric conversion to 160 kph from 60kph) By Joe McDonald and Phil Stewart EXCHANGE, Pa./WASHINGTON (Reuters) – A high-tech U.S. military blimp designed to detect a missile attack came l... More »
