COPENHAGEN, March 26 (Reuters) - Denmark's Maersk denied on Tuesday a claim by Yemen's Houthi militants that the shipping company's Saratoga vessel had been attacked.
The Houthis had earlier said that they had conducted six attacks on ships with drones and missiles in the Gulf of Aden and the Red Sea over the last 72 hours, including on the Maersk Saratoga. (Reporting by Stine Jacobsen, editing by Terje Solsvik)
NextEra Energy sees power demand growing significantly in the coming years.
(Bloomberg) -- The Philippines announced it will halt in-person classes at public schools, while Thai power demand rose to a record, as the heat wave gripping southern Asia continued to take its toll.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingMusk Makes Surprise China Visit, a Week After Nixing IndiaElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoFed Repricing Gives Rise to New Equities Playbook in AsiaApple Intensifies Talks With OpenAI for
California's solar energy efforts have been so successful that renewable energy has powered 100% of the state's main grid for at least 15 minutes on most days over the past month. But now, the state and its grid operator are facing an unusual situation. With an abundance of solar energy integrated into the grid, during bright spring days with reduced demand, electricity prices plummet into negative territory. The surplus of solar power results in gigawatts being "curtailed" or effectively wasted
Renewable energy stocks continue to get hammered, but may be worth buying for patient investors.
CSAA Insurance Group refused to renew its policy this year on the home that Ronnie de Supinski owns with her husband, Bronis, in Livermore, Calif. As insurers suffer rising losses from wildfires and thunderstorms, they are using scores and models of natural perils to cherry pick which properties they insure, and set their rates. Insurers say this helps keep home insurance available in disaster-prone areas, by allowing them to predict and manage risks.
Clean hydrogen could be key to decarbonizing the economy, and Bloom Energy is one company leading the way.
(Bloomberg) -- Above and beyond the obvious damage, wildfires levied a hidden cost on the finance industry: Mortgage lenders and investors lost more than $30 billion between 2020 and 2022, due to both accelerated defaults and prepayments following disastrous blazes.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingMusk Makes Surprise China Visit, a Week After Nixing IndiaElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoFed Repricing Gives Rise to New
Lumber producer Weyerhaeuser says it has struck deals to install solar panels over more than 100,000 acres in 11 states, positioning the country's largest private landowner to become a big player in the fastest-growing source of electricity generation in the U.S. Solar power generation is forecast to increase by a record this year and make another jump next year, to about 75% more than in 2023, the Energy Information Administration estimates. A lot of the new solar panels are being installed on cutover timberland. Weyerhaeuser has several projects in late stages of development.
The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use. In an op-ed article in the Middle East Economic Survey (MEES) published on Friday, OPEC Secretary General Haitham Al Ghais wrote there is "a worrying trend of narratives" that use terms like the end of oil, which have the potential to foster energy policies that stoke energy chaos. "What if investments in supply fall as a result, but demand for oil keeps increasing, as we are seeing today?," Al Ghais wrote in the MEES article which OPEC shared on X.
There's a much more popular AI stock on Capitol Hill than the leading AI chip maker.