storage
By Valerie Volcovici and Leah Douglas (Reuters) – Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change. But pumping CO2 into the ground could exacerbate earthquakes and well blowouts already…
Tesla reported blowout earnings this week, but its biggest growth driver wasn’t cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla’s earnings call that the energy unit is “growing like wildfire.” Tesla…
By Julie Ingwersen and Heather Schlitz CHICAGO (Reuters) – U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity. The massive influx of crops is testing growers who are already grappling…
By Nate Raymond (Reuters) -The U.S. Supreme Court agreed on Friday to decide whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities following a judicial ruling that upended decades of practice by declaring it does not. The justices took up appeals by President Joe Biden’s…
In a recent transaction, Dan FitzSimons, the Chief Revenue Officer of Pure Storage, Inc. (NYSE:), sold 8,895 shares of the company’s stock, netting a total of over $450,000. The shares were sold at an average price of $50.67, with individual transactions ranging from $50.37 to $50.94 per share. This sale…
By Gloria Dickie LONDON (Reuters) – Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target. The main…
By Shariq Khan NEW YORK (Reuters) – Last month’s CrowdStrike (NASDAQ:) IT outage that grounded scores of flights created new problems for California’s fuel market, forcing U.S. traders to store jet fuel destined for the state on waterborne tankers, storage broker The Tank Tiger told Reuters this week. The outage…
By Colleen Howe BEIJING (Reuters) -Rows of what look like thin, white shipping containers are lined up on a barren dirt field in China’s Shandong province. Filled with batteries, they form a 795 megawatt (MW) plant that can hold up to 1 million kilowatt-hours of electricity – enough to power…
By Nora Buli and Forrest Crellin OSLO/PARIS (Reuters) – Europe has clocked a record number of hours of negative power prices this year due to a mismatch between demand and supply as solar power generation soars, potentially helping to shift investment to much needed storage solutions. Wholesale power markets in…
By Shariq KhanNEW YORK (Reuters) – Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and , data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners’ profits.Largely warmer-than-expected winter weather…
