Warren Buffett’s MidAmerican Readies For Deeper Move Into Renewables
Warren Buffett-controlled MidAmerican Energy Holdings announced this week that it has established a new business arm as a conduit for a deepening of the company’s move into the unregulated renewables market. The new vehicle, MidAmerican Renewables, LLC will oversee wind, geothermal, solar and hydro projects to produce energy for the renewables market. MidAmerican Renewables will [...]
Gen Y Auto Survey Points to Demand For Alternative Power
This year’s Deloitte’s Annual Generation Y Automotive Survey has mixed results for the EV market. The good news is that this crucial group of consumers overwhelmingly prefers alternative power to traditional gas-only vehicles – by a margin of 59% to 37%. That should help keep automakers focused on fuel efficiency. However, only a very small [...]
ABB and Nissan To Develop EV Battery Recycling Solution
One of the usual charges laid against the electric car relates to the problem of what to do with the batteries once they can no longer be used in the vehicles for which they were designed. The potential for recycling has been discussed for some time. However, leading power and automation group ABB (ABB) has [...]
Tesla Conference Call Calms Fears
Tesla Motors had a conference call Tuesday morning before the market open to calm fears following the 19% fall in the company´s stock price last Friday in reaction to the exit from the company of two members of the engineering team. Key take-aways from the call: Contrary to early reports, Peter Rawlinson was not the [...]
Tesla Stock Collapses But Looks Massively Oversold
Source: Tesla Motors, with permission. Having traded in a tight range for most of the day, Tesla Motors (TSLA) collapsed in the last 45 minutes of trading on Friday. The stock hit a low of 22.64 and closed at 22.79, down 19.3% from its previous close. Although it was reported to have bounced 7% in [...]
