(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
The Trump administration halted construction on a nearly complete offshore wind project near Rhode Island as the White House continues to attack the battered U.S. offshore wind industry that scientists say is crucial to the urgent fight against climate change. Danish wind farm developer Orsted says the Revolution Wind project is about 80% complete, with…
This is a patent application filed by a Chinese company in multiple countries to protect its novel design for an E.V. battery. A single red rectangle with a patent drawing. In 2000, Chinese applicants filed 18 clean energy patents that analysts said were internationally competitive. 18 red rectangles. In 2022, Chinese applicants filed more than…
California vineyard uses wind power to make wine – CBS News Watch CBS News A vineyard in California has been using a wind turbine to generate the power it needs to make wine for the last eight years. CBS Bay Area’s Juliette Goodrich has the story. Be the first to know Get browser notifications for…
The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed…
The latest version of the bill containing President Trump’s second term agenda would hobble the renewable energy industry with a new excise tax, in addition to speeding up the sunsetting of tax credits and other benefits. The additional tax on wind and solar projects, which appeared on page 558 in the version of the bill…
Wind power has run into some headwinds, and not the kind that spin its turbines. Recently, President Trump has decided to wage war against the technology, an unwelcome bit of friction that coincides with rising costs in recent years. Onshore wind power went for $61 per megawatt-hour last year, according to Lazard, bucking a decade-long…
(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…
For years, the Chinese government has worked to control the export of rare earths, a group of metals used in an array of products, as common as semiconductors and lights. Now, in its trade war with the United States, China is moving to limit the market for these metals even further, which could have disastrous…
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…