×

Utilities Electric Utilities

  • LAUNCESTON, Australia, July 10- There is a lot more riding on Tesla Inc's deal to install the world's largest grid-scale electric battery in Australia than whether Elon Musk can meet his bold commitment to finish within the 100- day deadline. On the surface, this is a deal aimed at providing back-up electricity to South Australia, a state that has been plagued by...

  • SYDNEY, July 7- Tesla Inc has won an Australian contract to install the world's biggest grid-scale battery in what experts say will be a litmus test for the reliability of large-scale renewable energy. Tesla CEO Elon Musk, known for his bold approach to cars, clean energy and space exploration, trumped dozens of competing proposals to build the gigantic...

  • July 7- The U.S. Department of Energy said on Friday it is helping U.S. firms defend against a hacking campaign that targeted power companies including at least one nuclear plant, saying the attacks have not impacted electricity generation or the grid. News of the attacks surfaced a week ago when Reuters reported that the U.S. Department of Homeland Security and...

  • July 7- The U.S. Department of Energy said on Friday it is helping U.S. firms defend against a hacking campaign that targeted nuclear plants and power companies, saying the attacks have not impacted power production or the grid. News of the attacks surfaced a week ago when Reuters reported that the U.S. Department of Homeland Security and Federal Bureau of...

  • July 7- Hackers recently breached a Kansas nuclear power operator as part of a campaign that breached at least a dozen U.S. power firms, Bloomberg News reported on Thursday, citing current and former U.S. officials who were not named. The Wolf Creek nuclear facility in Kansas was breached in the attack, according to Bloomberg. A representative with the Wolf Creek...

  • SYDNEY, July 7- Tesla Inc has won an Australian contract to install the world's biggest grid-scale battery, in what experts say will be a litmus test for the reliability of large-scale renewable energy. Tesla's CEO Elon Musk, known for his bold approach to cars, clean energy and space exploration, trumped dozens of competing proposals to build the gigantic...

  • SYDNEY, July 7- South Australia has picked Tesla to install the world's largest grid-scale battery, which would be paired with a wind farm provided by France's Neoen, in a major test of the reliability of large-scale renewable energy use. South Australia, the fifth-biggest state with a population of 1.7 million, has raced ahead of the rest of the country in turning...

  • SYDNEY, July 7- South Australia has picked Tesla to install the world's largest grid-scale battery that would be paired with a wind farm provided by France's Neoen, as the state battles to keep the lights on. South Australia has raced ahead of the rest of the country in turning to wind power, triggering a shutdown of coal-fired plants that has led to outages across...

  • July 6- Berkshire Hathaway Inc's energy unit is nearing a deal to buy electric utility company Oncor, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

  • Jia Yueting, founder and chief executive officer of LeEco speaks at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 3, 2017.

    Cash-strapped LeEco's CEO Jia Yueting has pledged in an open letter to take full responsibility and repay all debts.

  • *Graphic of China seaborne coal imports: http://reut.rs/2tTdFjS. LAUNCESTON, Australia, July 6- Thermal coal prices in Asia have had a strong run recently, amid Chinese demand and supply disruptions in major exporters, but these factors point to a temporary boost rather than any structural change. The strong gains appear justified by supply and demand...

  • *Bangladesh pushing to ship in more LNG. SINGAPORE/ DHAKA, July 6- Bangladesh's plan to start importing liquefied natural gas next year will likely dampen its demand for oil used in power generation, government and industry sources said. "LNG is considered to be an environmentally friendly source of energy and its cost is cheaper than fuel oil," said Nasrul Hamid,...

  • *Graphic of China seaborne coal imports: http://reut.rs/2tTdFjS. LAUNCESTON, Australia, July 6- Thermal coal prices in Asia have had a strong run recently, amid Chinese demand and supply disruptions in major exporters, but these factors point to a temporary boost rather than any structural change. The strong gains appear justified by supply and demand...

  • MADRID/ FRANKFURT, July 4- Spanish power company Gas Natural has fired the starting gun in what is expected to be the biggest upheaval among European utility companies for a decade. Chairman Isidre Faine has contacted his counterpart at Portuguese rival Energias de Portugal about a 35 billion euro deal to create Europe's fourth biggest utility firm by market...

  • LONDON, July 5- The U.S. natural gas market has rebalanced with higher prices steadying production while reducing demand from electricity generators and making room for increased exports. During the first six months of 2017, prices for next-month delivery at Henry Hub were almost $1 per million British thermal units or 46 percent higher than in the first half...

  • Chinese residents wear masks for protection as smoke billows from stacks in Shanxi, China.

    China's efforts to clean up air quality are bearing fruit as dirty coal use likely dropped 40 percent over the past five years, a report said.

  • MADRID/ FRANKFURT, July 4- Spanish power company Gas Natural has fired the starting gun in what is expected to be the biggest upheaval among European utility companies for a decade. Chairman Isidre Faine has contacted his counterpart at Portuguese rival Energias de Portugal about a 35 billion euro deal to create Europe's fourth biggest utility firm by market...

  • MADRID/ FRANKFURT, July 4- Spanish power company Gas Natural has fired the starting gun in what is expected to be the biggest upheaval among European utility companies for a decade. Chairman Isidre Faine has contacted his counterpart at Portuguese rival Energias de Portugal about a 35 billion euro deal to create Europe's fourth biggest utility firm by market...

  • NEW DELHI, July 4- India's state-run power utility plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator's assessment that thermal plants now under construction will be able to meet demand until 2027.. In the first phase, India's biggest power producer, NTPC, plans to build three new plants with a...

  • *Torrential rain in China forces hydro stations to cut output. Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired utilities. Deutsche Bank said in a note that the climb in coal prices came on the back of factors...