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Energy: Tuesday Updates. #SDdigest

31.10.2018 — 0

  • Energy companies could feel the effects of climate change on their the bottom line. Ashley Lawson, Senior Solutions Fellow on Policy & Resilience for Washington research giant Center for Climate and Energy Solutions (C2ES) said:

“The climate is changing because of greenhouse gases, and that has a net negative effect on society and [companies] are doing something about it.”

  • General Electric slashes quarterly dividend to just a penny a share, starting in 2019.

  • Plattsburgh turns back invasion of bitcoin miners.Once the miners set up shop, says Read, Plattsburgh started exceeding the quota regularly, and local residents’ electricity bills started going up by as much as 50 percent. If you were used to heating your apartment for $80 a month, all of a sudden it was costing you $120.

  • In a joint effort with Kia Motors, Hyundai Motors is developing solar roofs and bodies for its EVs, hybrids and ICE vehicles to provide additional charging capacity. Depending on solar irradiation levels, the technology could provide 30-60% battery charge per day, the manufacturer says.

  • German renewables developer Juwi has signed a contract to provide EPC services for a 50 MW project located near to the coast in central Vietnam’s Binh Dinh province. This project brings Juwi’s pipeline in the Southeast Asian country to 130 MW.

  • Chesapeake Energy Corp (CHK.N) on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp (WRD.N) in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer’s shares by more than 12 percent.

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