In this article IVZ ENPH It’s worth hanging onto traditional energy stocks despite the recent resurgence in solar names, two traders say. The popular Invesco Solar ETF (TAN) is up nearly 10% this week, helped in part by Enphase Energy’s surge after reporting record revenue for its third quarter. TAN is beating the Energy Select
Environment
Some days, the effort to go from burning mostly fossil fuels to using renewable energy can really seem like a slog. Things are improving, but all too often, it looks like a glacial pace (back before glaciers were melting faster, of course). Snails would get bored and fall asleep watching it. It’s just that bad.
The future of Formula One lies in synthetic fuels, according to Nico Rosberg, with the former world champion telling CNBC that they could potentially act as a bridge to electric mobility. In an interview with CNBC’s Tania Bryer during the Sustainable Future Forum last week, Rosberg also threw his weight behind e-mobility, describing it as
The ocean was calm when the Peregrine Falcon ship left the harbor in Homer, Alaska, last month with three moorings resting on its deck, all loaded with scientific instruments. Eighteen hours later, these moorings were lowered into the silty waves where they collected data for two months. Two of the moorings were 12-foot submarine-shaped buoys
Tesla has a horde of Megapacks, a total of 157 units, being prepared for delivery to its energy customers. This is the beginning of the end of fossil fuel dependence. Yes, we have a long ways to go before we are fully recovered from our dependence on fossil fuels, but this is an incredible step
In this article RY4C-IE AIR-FR A sign for arrivals at Rotterdam The Hague Airport in the Netherlands. GAPS | iStock | Getty Images Plans to operate commercial hydrogen-electric flights between London and Rotterdam have been announced, with those behind the project hoping it will take to the skies in 2024. In a statement Wednesday, aviation
Not long ago, 100% renewable energy was a distinction reserved for remote communities avoiding costly energy imports. But now, some U.S. states are reaching very high levels of renewable energy, and the largest urban areas on the planet are targeting 100% renewable operations, basing their futures around variable power from wind and solar tied to energy storage.
In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy surged more than 12% during extended trading on Tuesday after the company reported record revenue during the third quarter, despite ongoing headwinds from supply chain bottlenecks. The
I would like to respect our honorable members who represent us in federal parliament in Australia, but sometimes it is impossible. Anne Webster (National Party), PhD, member for Mallee in Victoria, has just come out publicly saying that just like solar farms, wind farms don’t work in the dark. So much for all those National
Xponent Power is a renewable energy company that is enabling widespread solar adoption in markets that cannot be served by traditional solar solutions. Addressing the power needs of the RV industry, the company has just introduced Xpanse, a stylish, compact, and retractable solar awning for RVs. Camping is all about being off the grid. In
As gas prices climb to seven-year highs in America, drivers in some states are hit much harder than those in others. The average gas price in the U.S. was $3.378 per gallon as of Oct. 21, according to data from GasBuddy. But that average conceals a pretty wide spread among the 50 states. Oklahoma has
National Renewable Energy Laboratory (NREL) researchers are not only skilled at making photovoltaic (PV) cells and modules. They are also world-class destroyers of PV modules. The goal is to discover and understand how these modules might degrade when installed outside for many decades. This helps other NREL researchers and engineers in the PV industry design
In this article TSLA CAR Jeff Greenberg | Universal Images Group | Getty Images 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 every time a renter forgets to
Right now, the FAA is taking public comments for SpaceX’s environmental review of the upcoming Starship Orbital launch. While I generally support space exploration and hope SpaceX succeeds, it’s important to consider the environmental impacts of space activities and find ways to reasonably minimize the environmental impacts. Your support makes a big difference! Please let
A runner passes a sign advertising the expansion of London’s Ultra Low Emission Zone, or ULEZ. Mike Kemp | In Pictures | Getty Images London’s Ultra Low Emission Zone expanded on Monday, with the U.K. capital’s mayor describing the move as “a landmark day for our city.” The new ULEZ — covering a quarter of
Courtesy of RMI.By Heather House & Shelby Kuenzli On October 13, 2021, North Carolina Governor Roy Cooper signed into law the first major piece of climate legislation in the Tar Heel state in recent years. North Carolina House Bill 951 — Energy Solutions for North Carolina — was passed by both chambers of the North Carolina state legislature
This is the third article in a three-part series based around my recent interview with Bill McKibben, a legend in the world of climate activism and climate communication. In the first part, McKibben talked about climate grief, the climate crisis, climate activism, and US climate policy. In the beginning of the second episode, we talked
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters Amazon and IKEA are among the major companies pushing the ocean shipping industry to adopt zero-carbon fuel sources for vessels by 2040.
Guest blog by Nitish Arora and Jessica Korsh India needs to exponentially increase the number of electric vehicle (EV) charging stations to power the potential 102 million EVs on the road in 2030. Reaching this target is essential to prevent a climate catastrophe and improve the unhealthy air quality for millions of Indians. A robust public charging network is essential for
In this article SRG-IT ENR-DE The CEO of Siemens Energy has spoken of the challenges facing the green hydrogen sector, telling CNBC that there was “no commercial case” for it at this moment in time. In comments made during a discussion at CNBC’s Sustainable Future Forum on Tuesday, Christian Bruch outlined several areas that would
Originally published by Union of Concerned Scientists, The Equation.By Julie McNamara, senior energy analyst with the Climate & Energy program at the Union of Concerned Scientists In April 2021, President Biden committed the United States to reducing its greenhouse gas emissions 50 to 52 percent below 2005 levels by 2030, in line with science-informed targets, in line with
A bulldozer parked near a coal mound on the grounds of the Peabody Energy Francisco coal mine in Francisco, Indiana, U.S., on Thursday, Sept. 23, 2021. Luke Sharrett | Bloomberg | Getty Images LONDON — As world leaders prepare for one of the most important climate summits ever held, U.N.-backed research shows governments are collectively
Originally published by Union of Concerned Scientists, The Equation.By Rachel Cleetus In the last week, Senator Manchin (D-WV) has become increasingly public with his opposition to the Clean Electricity Performance Program (CEPP), a policy designed to drive down power sector carbon emissions which is part of the reconciliation bill under consideration in Congress. With the vote margins so slim in Congress,
Jet fuel prices are rising to levels not seen since before the Covid pandemic and it’s set to drive up airfares, United Airlines CEO Scott Kirby said Wednesday. “Higher jet-fuel prices lead to higher ticket prices,” Kirby told CNBC’s “Squawk on the Street.” “Ultimately, we’ll pass that through.” United forecast average fuel costs of $2.39
As states reach higher toward 100% renewable operation, energy storage will be key to enabling a more variable power supply. But no single technology will be a silver bullet for all our energy storage needs. Rather, a portfolio of storage solutions makes best economic sense for future energy systems, according to a recent National Renewable
In this article RY4C-IE The CEO of Ryanair has acknowledged the need for ambitious sustainable aviation fuel targets while also expressing concerns about how food prices could be affected. During a discussion at CNBC’s Sustainable Future Forum on Wednesday, Michael O’Leary said his firm was investing “a lot of money” with Trinity College Dublin on
Surrounded by local, state and national officials, California Governor Gavin Newsom speaks during a news conference at Bolsa Chica State Beach in Huntington Beach, site of the the recent offshore oil spill, on Tuesday, October 5, 2021. waters. Mark Rightmire | MediaNews Group | Orange County Register via Getty Images California Gov. Gavin Newsom on
Saudi Arabia’s finance minister has told CNBC that an “even worse” energy crisis could be triggered if the world is not careful with its climate policies. “If we are not careful about what we are doing to achieve our targets, we may end up having [a] very serious energy crisis like what we are seeing
Tesla CEO Elon Musk and Christian Democratic Union (CDU) party leader Armin Laschet visit the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk has said the fundamental good the electric car maker does will be measured in the acceleration of the world
The last 3 months have demonstrated a surge in solar installations in India. If this rate continues, coal-fired power could peak in 2024 and this increased solar generation could satisfy India’s increasing thirst for energy. After a dip in 2020 due to COVID, solar installations have quadrupled in the last three months — from a
The concept of “clean coal” is a scam, according to former Australian Prime Minister Malcolm Turnbull. Speaking with CNBC Tuesday as part of its Sustainable Future Forum, Turnbull said the idea of carbon capture and storage “simply doesn’t work” despite years of investments. “The proposition was that you would … effectively separate the CO2 from
Justin Sullivan | Getty Images You may want to get used to higher prices at the pump, at least for now. As of Monday, the average cost of a gallon of gas was $3.30, up 7.5 cents from a month ago and $1.08 higher than a year ago, according to fuel savings app GasBuddy. By
WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today awarded nearly $40 million to 40 projects that are advancing the next generation of solar, storage, and industrial technologies necessary for achieving the Biden–Harris administration’s climate goal of 100% clean electricity by 2035. Specifically, the projects will reduce the cost of solar technologies by increasing
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