(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Hong Kong businesses are keenly observing the burgeoning new energy opportunities in the Middle East, as Gulf nations seek to diversify their oil-dependent economies and pave the way for a sustainable future. Cliff Zhang Kun, chairman of Templewater and Bravo Transport, which owns bus operator Citybus, said that the company was in discussions with Qatar…
In a career spanning more than 30 years, John Pettigrew has seen big changes in the electricity industry. He started out in 1991, working to introduce natural gas-fired power plants to the grid, gradually replacing polluting coal plants. . Now, once again, he is managing a tectonic shift to an electrified economy that runs on…
The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable. Over the past five years, grid batteries have become one of the biggest growth industries in…
As President Trump works to blunt the growth of wind and solar power and expand fossil fuel production in the United States, the renewable energy industry is making a new pitch: You need us. Wind and solar developers are increasingly pointing out that America’s demand for electricity is soaring, driven by a boom in data…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
In less than three weeks, President Trump has thrown the U.S. clean energy industry into chaos, with much of the economic damage hitting Republican states and districts. In a quest to eliminate any funding linked to climate change, the Trump administration has frozen federal grants for everything from battery factories to electric school buses and…
China’s leadership in green tech was well established before Donald Trump returned to the White House and halted his predecessor’s efforts to reassert dominance in the sector. By 2022, China had secured global markets for solar photovoltaic exports, battery storage, wind power components and electric vehicles. Through deliberate industrial policies, it drove an 80 per…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
The Senate confirmed Chris Wright to lead the U.S. Department of Energy on Monday, putting the former oil executive in a key position to help shape President Trump’s energy policies. Mr. Wright, the founder and chief executive of Liberty Energy, a fracking firm, was confirmed by a vote of 59 to 38, with support from…