At First Solar’s facility in Perrysburg, Ohio, a diligent worker focuses on their tasks, July 8, 2022. Megan Jelinger | Reuters First Solar, the United States’ largest manufacturer of solar panels, revealed its plans on Thursday to construct a fifth factory in response to the growing domestic manufacturing trend fuelled by the Inflation Reduction Act. …
A photograph of a Mercedes-Benz EQA in Berlin on January 20, 2021. Sean Gallup | Getty Images News | Getty Images The CEO of Mercedes-Benz in Germany believes that the shift to zero-emission mobility should be approached as a marathon rather than a sprint. Ola Kallenius, speaking to CNBC’s “Squawk Box Europe,” emphasized the significant …
Volatility continues to impact oil markets, as emphasized by U.S. Energy Secretary Jennifer Granholm, who once again called for an increase in supplies. During an interview with CNBC’s Sri Jegarajah, Granholm addressed the state of oil markets, acknowledging the presence of a highly volatile environment that the White House is closely monitoring. “Given the emotional …
President Joe Biden officially enacted the Inflation Reduction Act on August 16, 2022, during a ceremony at the White House (Ngan, 2022). Since its passage, the bill has spurred significant investment in clean energy projects, with 270 new initiatives and a total investment of $130 billion (Bank of America, as cited in RegularArticle-QuoteInBody-2). This has …
Fervo Energy, a geothermal startup, achieved a significant milestone in geothermal energy production with its successful completion of a 30-day test at its commercial pilot plant in northern Nevada. The test involved drilling deep wells and pumping water into them, which grew hot from the earth’s heat. The hot water was then pumped back to …
A plane soaring above Northamptonshire, England. Turbulence, an uncomfortable aspect of air travel, can range from mild bumpiness to serious aircraft damage and passenger injuries. Photo by Joe Giddens – Pa Images | Pa Images | Getty Images Flight turbulence can be an uncomfortable experience for travelers, varying from mild bumps to severe cases of …
Hydrogen storage tanks in Spain in May 2022. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Angel Garcia | Bloomberg | Getty Images The excitement surrounding hydrogen has grown significantly in recent years, with many recognizing its potential as a tool for reducing the environmental impact …
Last month, wind turbine manufacturer Siemens Gamesa experienced costly failures that had a negative impact on the shares of its parent company, Siemens Energy. This has raised concerns among analysts about potential problems in the wider wind industry. Siemens Energy CEO Christian Bruch admitted during a call with journalists that there were significant quality issues …
Over 50% of new cars sold in the United States by 2030 are expected to be electric vehicles, which presents a significant challenge for the country’s electric grid. The current system was built for a world that relies on fossil fuels, so it may struggle to handle the increased demand from electric vehicles. According to …
Shares of Siemens Energy plummeted by 31% on Friday morning after the company abandoned its profit forecast. Photographer: Wolfgang Rattay | Source: Reuters Siemens Energy shares experienced a 34% drop by Friday afternoon in Europe following the company’s abandonment of its profit forecast. Siemens Energy also issued a warning, stating that costly problems in its …