HONG KONG (Reuters) – Jan. 15, 2021 BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed. The move comes as U.S. investors scramble to exit stocks subject to the sanctions, which ban…
Ohio Supreme Court stops collection of nuclear plant subsidy
Associated Press, December 28, 2020 The Ohio Supreme Court on Monday issued a temporary stay to stop collection of a fee from nearly every electric customer in the state starting Jan. 1 to subsidize two nuclear power plants, a provision included in a scandal-tainted bill approved by the state…
Smart Buildings with AI: It’s Only the Beginning
By Joe McKendrick | RTInsights While AI is seen as the ultimate future of smart building management, there’s still a lot of work to be done before it takes hold. The idea of smart buildings — outfitted with automated energy management and maintenance alerts — has been well-documented for years now. Now, the…
Brazilian LNG-to-power project gets $288 million loan from International Finance Corp.
Energize Weekly, April 10, 2019 A Brazilian liquefied natural gas (LNG) power plant project, developed by an international joint venture, has received a $288 million loan from the International Finance Corporation (IFC), a sister organization to the World Bank. The 15-year loan will cover development and operation of the plant…
Growing off-grid renewable energy powering farms and factories in developing countries
Energize Weekly, July 18, 2018 Off-grid technologies bring electricity to farm fields and remote villages in developing countries around the world, reaching more than 133 million people, according to an assessment by the International Renewable Energy Agency (IRENA). An estimated 100 million are using solar lights, and at least nine…
PG&E proposes world’s largest battery storage project to replace natural gas plants
Energize Weekly, July 11, 2018 Pacific Gas and Electric (PG&E) has proposed the world’s largest battery storage project—2.3 gigawatts—to replace three natural gas plants. The San Francisco-based utility filed its request for approval with the California Public Utilities Commission (CPUC), which in January had given PG&E a green light to…
Oil and natural gas production poised to set records in 2018, says EIA
Energize Weekly, January 24, 2018 Oil and natural gas production for 2018 is projected to break records as oil prices move higher and as gas prices remain firm, according to the federal Energy Information Administration’s (EIA) short-term energy outlook. U.S. crude oil production is forecast to average 10.3 billion barrels…
2017 saw upending events in the utility sector as long-term trends showed staying power
Energize Weekly, January 3, 2018 The utility industry faced a tumultuous 2017 with big policy initiatives from Washington and strong underlying trends continuing to challenge the sector. Many of the year’s big stories came from the Trump administration, but markets and corporate decisions also played a big role in defining…
