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Tag: electricity
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
Elon Musk Has a Solution for the Energy Grid. And He’s Probably Right.
Text size Tesla sells more than just cars. It sells battery storage solutions to utilities around the globe. Melissa Sue Gerrits/Getty Images Heat, climate change, renewable power, and the grid are al...
Billionaire Sarath Ratanavadi’s Gulf Energy Makes Maiden Investment In U.S. Electricity Market
Sarath Ratanavadi, founder and CEO of Gulf Energy. Courtesy of Sarath Ratanavadi Gulf Energy—controlled by billionaire Sarath Ratanavadi—has agreed to buy a 49% stake in a U.S. power plant from Japan’...
EU’s Energy Plan Beats Inaction
A perfect storm has hit European energy markets, pushing leaders to intervene. It isn’t all bad news for investors. The confluence of extreme summer heat, dwindling Russian gas deliveries, unplanned o...
Europe Girds for Energy Market Turbulence After Russian Gas Cut
Listen to article (2 minutes) Governments in Sweden and Finland offered billions of dollars of guarantees to utilities to prevent a meltdown in energy trading when markets open Monday after Russia shu...
Germany Agrees on Gas Relief Package for Businesses, Consumers
BERLIN—Germany unveiled its third energy crisis relief package this year to shield consumers from soaring prices over the winter, a day after Russia indefinitely suspended gas deliveries to Europe’s l...
CVS Is in Advanced Talks to Buy Signify Health for Around $8 Billion
CVS Health is in advanced talks to acquire the home-healthcare company Signify Health for around $8 billion, according to people familiar with the matter. CVS appears to have beat out other heavy hitt...
In Big Win For Nuclear, California Legislators Vote To Save Diablo Canyon
Thanks to today’s passage of SB 846 by the California legislature, Diablo Canyon Power Plant will … [+] continue operating until at last 2030. Robert Bryce Sometimes facts and rationality ...
The third richest man in the world behind Musk and Bezos is a college dropout whose fortune has surged $60 billion this year
While 499 other billionaires have struggled to add to their fortunes this year, the world’s third richest man has made a whopping $60 billion. With a total net worth of $137 billion, Indian-born Gauta...
China set to explore blockchain technology to facilitate electricity trading
The China Energy Administration (CEA) is set to investigate the use of blockchain-based power trading platforms to promote energy trade between self-contained power generation units and state and nati...
Berkshire Hathaway’s Utility Business Highlights the Warren Buffett Magic
Earnings at Berkshire Hathaway ’s big utility business have risen more than 30-fold since Warren Buffett bought the core of that operation in 2000, illustrating the power of the CEO’s patient approach...
Texas Crypto Miners Texas Receive Massive Electricity Request From Crypto Miners
Crypto miners are trooping into Texas to request more electrical power. The Electricity Reliability Council of Texas stated that the increased demand is over 30% of the expected demand estimated over ...
Here are 5 reasons why energy stocks look like a buy despite rising 74% in a year
Stocks in the S&P 500’s energy sector still have plenty of upside despite their 74% surge in the past 12 months, according to Jeff Buchbinder, chief equity strategist at LPL Financial. The strong ...
NRG-Funded Report Says Texas Ratepayers On Hook For $10.5 Billion Due To Uri, Oklahomans Facing $2.8 Billion In Debt
Transmission towers near the CenterPoint Energy power plant on July 11, 2022 in Houston. Ratepayers … [+] in ERCOT are being saddled with $10.5 billion in debt due to losses utilities incurred d...
Does California have enough electricity to ban gas cars? — Quartz
California will ban the sale of internal combustion engine passenger cars by 2035, officials there said on Aug. 24. The policy, coming on top of new incentives for EV buyers in the Inflation Reduction...
Texas Consumers On Hook For $10 Billion In Debt Incurred During Winter Storm Uri
A resident of Fort Worth, Texas pulls a sled on February 17, 2021, after Winter Storm Uri hit the … [+] state. Texas ratepayers are now on the hook for some $10 billion in debt incurred by utili...
European energy crisis deepens as price for electricity hits all-time highs across EU
Fresh highs across the European energy markets seem to be an everyday occurrence, as electricity prices are now higher than the average in the past decade. Forecasts drive this new price rise that win...
Over 9,000 Crypto Mining Farms Seized In Iran To Combat Electricity Crisis
Crypto mining surfs a hefty amount of electricity and has become a major cause of the electricity crisis in some regions like Iran, Kosovo, etc. Similarly, after the Iranian government saw power black...
Warren Buffett’s Likely Successor Owns Little Stock in Berkshire Hathaway
Text size Greg Abel, center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in April. Dan Brouillette/Bloomberg Ownership of Berkshire Hathaway stock is a big part o...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds – Mining Bitcoin News
Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of t...
Ford’s green bond sees $5 billion in demand as Biden signs climate bill
Investors swarmed over Ford Motor Co.’s new $1.75 billion green-bond deal on Tuesday to help boost its development of more electric vehicles. Order books for Ford’s F, +0.67% speculative-grade debt de...
WeWork’s Adam Neumann secures millions in funding for his new company Flow
Adam Neumann is back. The billionaire businessman who founded office-sharing company WeWork Inc. WE, -4.70% is back with another company called Flow, a residential real estate company attempting to ad...
Duke Energy Sees a Bright Future for Nuclear Power
I figured I’d put the uranium rods near the basketball hoop. Water from the nearby garden hose would serve as both the coolant and the moderator, slowing the neutrons enough to keep my chain reaction ...
In Summer Of Record Heat, U.S. Power Grid Is Holding Up–So Far
High voltage transmission towers in Houston, Texas Getty Images Despite earlier warnings from grid operators and power grid reliability experts, this summer’s unprecedented heat waves have not caused ...
Opinion: Any one of these 15 money-losing companies could become the stock market’s biggest ‘unicorn’ failure ever
David Rush holds a Guinness world record for cramming 100 candles into his mouth and lighting them. Sandeep Singh Kaila spun a basketball on a toothbrush for a record 1 minute and 8.15 seconds. Nevill...