Business news energy
Here are some recent business news articles related to the energy industry:
Renewable Energy
- Solar Energy Costs Reach Record Low: The cost of solar energy has fallen to a record low, making it more competitive with fossil fuels. (Source: Bloomberg)
- Wind Power Surpasses Coal in US Electricity Generation: For the first time, wind power has generated more electricity than coal in the US. (Source: The New York Times)
- Tesla's SolarCity to Go Public: Tesla's solar energy subsidiary, SolarCity, is set to go public in a deal that could raise up to $2 billion. (Source: CNBC)
Oil and Gas
- Oil Prices Rise as OPEC Cuts Production: The Organization of the Petroleum Exporting Countries (OPEC) has cut its oil production, leading to a rise in oil prices. (Source: The Wall Street Journal)
- ExxonMobil to Invest $20 Billion in US Shale: ExxonMobil has announced plans to invest $20 billion in US shale oil and gas production over the next five years. (Source: Reuters)
- Chevron to Sell $5 Billion in Assets: Chevron has announced plans to sell $5 billion in assets to focus on its core business. (Source: Bloomberg)
Energy Storage
- Tesla's Powerwall Battery to Be Used in Homes: Tesla's Powerwall battery is set to be used in homes to store excess energy generated by solar panels. (Source: The Verge)
- Energy Storage Market to Reach $100 Billion by 2025: The energy storage market is expected to reach $100 billion by 2025, driven by the growth of renewable energy. (Source: Greentech Media)
- LG Chem to Invest $1.5 Billion in Energy Storage: LG Chem, a South Korean battery maker, has announced plans to invest $1.5 billion in energy storage technology. (Source: Reuters)
Energy Policy
- US to Withdraw from Paris Climate Agreement: The US has announced plans to withdraw from the Paris climate agreement, a move that has been criticized by environmental groups. (Source: The New York Times)
- EU to Introduce Carbon Border Tax: The European Union is set to introduce a carbon border tax to reduce carbon emissions from imports. (Source: The Financial Times)
- China to Increase Renewable Energy Targets: China has announced plans to increase its renewable energy targets, aiming to generate 35% of its electricity from non-fossil fuels by 2030. (Source: Bloomberg)
These are just a few examples of recent business news articles related to the energy industry. If you're interested in staying up-to-date on the latest news and trends, I recommend following reputable sources such as Bloomberg, The Wall Street Journal, and Reuters.