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Fluence CEO says energy storage leader to become profitable this year
Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak…
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How the massive EV transition is starting in the car rental industry
Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental…
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Europe installed a record amount of wind power in 2021
New wind turbines being built at a wind farm in Germany on October 12, 2021. Sean Gallup | Getty Images News | Getty Images Europe installed 17.4 gigawatts of wind power capacity in 2021, according…
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Hydrogen generation could become $1 trillion market: Goldman Sachs
The pump of a hydrogen refueling point at a gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Hydrogen has an important role to play in any…
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The biggest battle over Big Oil’s future has begun
(GERMANY OUT) Germany Berlin – Shell petrol station with solar plant (Photo by Schöning/ullstein bild via Getty Images) ullstein bild | ullstein bild | Getty Images The surprise win earlier this year by activist firm…
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Tesla-Hertz EV deal climate change tipping point for car rental fleets
The economics of the rental car industry give companies including Avis Budget Group and Enterprise Holdings multiple reasons to go slow on the adoption of electric vehicles. Just think of how much money they make…
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Amazon’s new net-zero carbon pledge is focused on the ocean
Amazon and IKEA are among the major companies pushing the ocean shipping industry to adopt zero-carbon fuel sources for vessels by 2040. Marine shipping accounts for 1 billion tons of carbon emissions per year, according to…
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Low wind speeds hurt profits at two of Europe’s major energy firms
Alex Kraus | Bloomberg | Getty Images The chief financial officer of German utility RWE on Thursday acknowledged the importance of weather to its renewables segment, as the company reported “much lower” wind volumes in…
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