Category Archives: Energy

Canada picks engineering group to operate nuclear labs

AECL

Ottawa says it has completed a multi-year restructuring of Canada’s nuclear operations with the selection of a preferred bidder to operate a nuclear laboratory in eastern Ontario that is one of the world’s largest producers of medical isotopes.

Canadian National Energy Alliance was chosen Friday over three other engineering groups to manage and operate Canadian Nuclear Laboratories (CNL), a subsidiary of Atomic Energy of Canada Ltd.

The consortium includes SNC-Lavalin, CH2M HILL Canada Ltd., Fluor Government Group Canada Inc., Energy Solutions Canada Group Ltd. and Rolls-Royce Civil Nuclear Canada Ltd.

Read more at: http://www.theglobeandmail.com/report-on-business/canada-picks-engineering-group-to-operate-nuclear-labs/article25130863/

Obama To Launch $4 Billion Clean Energy Initiative

A coalition of companies are working to increase private and public investments, with Goldman Sachs committing $500 million and the Sierra Club promising $4 million for climate control solutions.

Read more at: http://www.talkradionews.com/top-stories/2015/06/16/obama-to-launch-4-billion-clean-energy-initiative.html#.VYBZie_bKUl

BHP Billiton gets tough as prices stay low

Commodity prices are depressed, but cut-throat manoeuvres may keep the mining firm competitive

Mining juggernaut BHP Billiton is determined to put a brave face on a situation in which commodity prices could stay low for a prolonged period. The £73 billion business is adapting to lower metal and energy prices by streamlining operations, rethinking growth projects and driving through cost efficiencies.

Read more: http://www.theweek.co.uk/63921/bhp-billiton-gets-tough-as-prices-stay-low#ixzz3cYx3AWCd

Sumitomo Metal to boost lithium production for Tesla vehicles

Nickel-Lithium Battery

TOKYO — Sumitomo Metal Mining will expand production of lithium nickel oxide used in batteries for Tesla’s electric vehicles as part of its plan to strengthen a materials operation that it increasingly sees as a stable source of profit.

The company aims to boost pretax profit of its materials operation — the division dealing with raw materials for electric car batteries — to nearly 20 billion yen ($160 million) for fiscal 2018, up 54% from the current fiscal year. It plans to increase output capacity of lithium nickel oxide to 1,850 tons a month by the end of 2015, more than double the current level.

Japan Li-ion Battery Market Report 2015-2019

Lithium Ion Battery

The analysts forecast the Li-ion Battery market in Japan to grow at a CAGR of 20.6 percent over the period 2014-2019.The report, the Li-ion Battery Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

See more at: http://globenewswire.com/news-release/2015/06/04/742086/0/en/Japan-Li-ion-Battery-Market-Report-2015-2019.html#sthash.ZvjGWu2s.dpuf

PowerGenix Nickel-Zinc Battery Passes Critical Testing for 12V Automotive Use

Powergenix Nickel Zinc batterry

SAN DIEGO, CA–(Marketwired – Jun 2, 2015) – PowerGenix, the leading supplier of high performance, automotive Nickel-Zinc (NiZn) batteries, today announced it has completed a comprehensive product evaluation test plan with Institute of Automotive Mechatronics GmbH (IAM), a part of the Institute of Automotive Technologies Dresden (IAD), at the Technische Universität Dresden (TUD). IAD evaluated NiZn performance capabilities to meet all the requirements of a 12V auxiliary power unit for plug-in hybrid electric (PHEV) and all-electric vehicles (EVs), as well as a 12V starter battery for stop-start applications.

Read more at: http://finance.yahoo.com/news/powergenix-nickel-zinc-battery-passes-120000390.html

Lake Erie cross-border power-line project reaches milestone

rb-cd-transmission-map-0531

A bold plan to build a billion-dollar underwater electrical transmission line across Lake Erie has reached a crucial milestone with filings to key regulators in Canada and the United States.

The project, which would transmit power from Ontario to the United States, or move it in the opposite direction, has been on the drawing board for a couple of years.

Read more at: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/lake-erie-connector-cross-border-power-line-project-reaches-milestone/article24715446/

UPDATE 2-GE launches sales process for U.S. lending units

General Electric

May 31 (Reuters) – General Electric Co has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, sources familiar with the situation said on Sunday.

Read more at: http://www.reuters.com/article/2015/06/01/general-electric-lending-idUSL1N0YM0FD20150601

Norway Wealth Fund Faces Ban on Investing in Coal Assets

Coal Mining

“Investing in coal companies poses both a climate-related and economic risk,” said Svein Flaatten, a Conservative member of the committee.

Read more at: http://www.bloomberg.com/news/articles/2015-05-27/biggest-wealth-fund-faces-coal-limits-as-norway-agrees-on-curbs

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