Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has locked in financing from two big industry backers — Chevron and Occidental Petroleum — to bring its products to market. The undisclosed amount […]
Because solar and wind power are now cheaper to produce than energy from fossil fuels, the only obstacle that remains to the mass adoption of renewable power is the amount of money utilities need to spend to store the energy those systems produce. Right now, storing 100 megawatts of renewable energy (enough to power roughly 600,000 […]
In a move highlighting the growing importance of electric charging stations to utilities, Italian power giant Enel has bought a small, fast-growing California developer of charging stations and power management software. Through its EnerNOC subsidiary, Enel acquired San Carlos, Calif.-based Electric Motor Werks for an undisclosed amount, in a transaction that could be a harbinger […]