Keyword "TOPIC:ENERGY-TRANSITION" - List of latest news (71 results)

15:32 Investors relieved Musk will refocus on Tesla, but worry about brand damage

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company's brand.

08:17 Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say

China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said.

01:33 Tesla CEO Elon Musk dreams big but often delivers late

Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.

22:56 Tesla's first-quarter auto margin beats estimates, but revenue misses

Tesla reported better-than-expected profitability for its auto business in the first quarter but revenue fell short of expectations as sales of its electric vehicles dropped.

21:54 Democratic state treasurers raise concerns over Musk's lack of focus on Tesla

Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk's lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.

22/04 Environmental lawyers get ready to pounce on Trump’s energy deregulation moves

U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump's administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal development.

22/04 China's Nio delays Europe launch of Firefly EV to third quarter

China's Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.

22/04 US finalizes tariffs on Southeast Asian solar imports

The tariffs unveiled on Monday vary widely depending on the company and country.

21/04 China's CATL launches new sodium-ion battery brand

China's CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.

21/04 As Trump eyes coal revival, his job cuts hobble black lung protections for miners

A program that relocates coal miners diagnosed with black lung to safer jobs at the same pay is grinding to a halt due to mass layoffs and office closures.

21/04 At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla 'killers'

More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the world's premier market for electric vehicles and hybrids.

18/04 Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say

Tesla's much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.

18/04 Exclusive: India plans to ease nuclear liability laws to attract foreign firms, sources say

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

18/04 Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims

Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk's company from having to pay for repairs.

17/04 More than 40% of Puerto Rico customers without power after island-wide blackout

Nearly half of the homes and businesses in Puerto Rico that receive electricity from the commonwealth's main utility were still without power on Thursday, a day after a widespread blackout struck the island, Luma Energy said in a statement.

17/04 Trump order to halt NY wind project stuns offshore industry, threatens other projects

The Trump administration's decision to halt construction of Equinor's Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment are not safe.

17/04 Czechs hail end of Russian oil dependence with first increased deliveries from west

The Czech Republic has become fully independent of Russian oil supplies for the first time in its history, government officials said on Thursday, following the completion of capacity upgrades on the TAL pipeline coming from the west.

17/04 Iranian minister arrives in Russia with a message from Khamenei, state media says

Iranian Foreign Minister Abbas Araqchi landed in Moscow on Thursday to deliver a message from the Islamic Republic's Supreme Leader Ali Khamenei to Russian President Vladimir Putin, Iranian state media reported.

17/04 India's BluSmart, rival of Uber, suspends operations after co-founder probed

Indian electric cab service BluSmart, seen as a rival to Uber, suspended services on Thursday, days after a market regulator's investigation found a co-founder misused funds at an affiliate company and bought a luxury apartment with money allocated for electric vehicles.

17/04 Bhutan turns to 'green' cryptocurrency to fuel economy

The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said.

16/04 Tesla's quarterly EV registrations slump 15% in key market California

Tesla's electric-vehicle registrations in California dropped 15.1% during the first quarter, industry data showed, signaling an accelerated decline and growing challenges for the Elon Musk-led automaker in its biggest U.S. market.

16/04 UK power grid could face lowest-ever demand this summer, operator says

Britain's power grid could experience its lowest-ever electricity demand this summer as renewables generation and cheap power imports from Europe keep the system well supplied, the National Energy System Operator (NESO) said on Wednesday.

16/04 Ferrari prepared for years for its first EV, chairman says

Ferrari has been preparing for years for electrification, starting with Formula One powertrains, as it nears the launch of its first fully electric (EV) model in October, Chairman John Elkann said on Wednesday.

16/04 Trump orders tariff probe on all US critical mineral imports

U.S. President Donald Trump on Tuesday ordered a probe into potential new tariffs on all U.S. critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to directly rebuke industry leader China.

15/04 Would military strikes kill Iran's nuclear programme? Probably not

The recent U.S. deployment of B-2 bombers, the only planes able to launch the most powerful bunker-busting bombs, to within range of Iran is a potent signal to Tehran of what could happen to its nuclear programme if no deal is reached to rein it in.

15/04 Trump trade war dries up sorghum sales to China but US farmers plan to plant more

U.S. President Donald Trump's trade war with China comes at a bad time for sorghum growers like Dan Atkisson in Kansas, who is nevertheless preparing to increase plantings by 25% this spring.

15/04 Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says

Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.

15/04 ADM halting domestic trading in China, cutting jobs in Shanghai

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said on Monday.

14/04 JP Morgan cuts oil price forecasts on weak demand, higher output

JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand.

12/04 Ukraine seeking solutions for damaged Chernobyl confinement vessel, minister says

Ukraine is seeking solutions to repair the damage caused by a Russian drone attack to the confinement vessel at the stricken Chornobyl nuclear power plant, a government minister said on Saturday.

12/04 Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit

Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.

12/04 Chevron's Venezuelan oil cargoes canceled, stalled amid payment uncertainty

At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of payment amid the hardening of U.S. sanctions on the OPEC-member country.

12/04 China expands access for Spanish pork as trade tensions with US mount

China has signed two agricultural trade protocols with Spain covering pork and cherries as the world's second largest economy acts to bolster ties with the European Union amid an escalating trade war between Beijing and the U.S.

11/04 Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN

Sweden's Volvo Cars , which is controlled by Chinese auto maker Geely (GEELY.UL), will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.

11/04 GM to halt EV van production in Ontario to adjust for market demand

GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and union representing workers there said.

11/04 More than 2,600 US Energy Dept staffers accept second offer to resign, sources say

More than 2,600 U.S. Department of Energy staffers have opted to take the Trump administration's second round of resignation offers, two sources said on Thursday, with offices on power grid stability and loans for high-tech energy projects hit hard.

11/04 Cybertrucks in the desert: Tesla launches in Saudi Arabia

Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy.

10/04 Iran says external threats could lead to deterrent measures against IAEA

Iran may suspend cooperation with the UN nuclear watchdog if external threats continue, an adviser to Iran’s supreme leader said on Thursday, after U.S. President Donald Trump again warned of military force if Tehran does not agree to a nuclear deal.

10/04 US targets China oil storage terminal in new Iran-related sanctions

The United States imposed sanctions on Iran's oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery.

10/04 Restarting coal plants after Trump's executive orders makes no economic sense, report says

U.S. President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday.

10/04 EU expects to add record renewable capacity in 2025, industry sees headwinds

European Union countries are projected to install a record amount of renewable energy capacity this year, European Commission projections showed, although parts of the sector warned cuts to government support could hamper this growth.

10/04 Oil prices fall as Trump escalates trade war with China

Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.

08/04 Saudi's Ma'aden weighs foreign partner for minerals processing pact

Saudi Arabia's flagship mining company Ma'aden is considering choosing at least one of four foreign firms to form a rare earths processing partnership, three sources with knowledge of the matter said, as the kingdom bids to become a global critical minerals hub.

08/04 Renewables provided record 32% of global electricity in 2024, Ember says

Renewable power generation provided a record 32% of global electricity last year, a report by energy think tank Ember said on Tuesday, as overall electricity demand grew 4% driven by heatwaves and data centres.

08/04 Exclusive: US energy chief Wright heads to Middle East for nearly two weeks, source says

U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters.

07/04 US utilities grapple with Big Tech's massive power demands for data centers

U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country for viable locations for new data centers to keep up with the compute demands of AI.

04/04 Automakers provide stable pricing for now, but warn of future hikes

Automakers are offering deals to anxious customers to ride a short-term surge in shopping, while also warning lawmakers that they will have to raise prices dramatically if tariffs remain in place for long.

04/04 Tesla investors brace for another year of sales decline as Musk backlash grows

CEO Elon Musk pledged Tesla would return to growth this year after the company posted its first-ever sales decline in 2024. But the odds look stacked against him.

03/04 Russia says US threats of military strikes against Iran are unacceptable

Russia said on Thursday that threats of military strikes against its ally Iran were unacceptable and warned that attacking the Islamic Republic could lead to potentially catastrophic results if nuclear installations were bombed.

03/04 Exclusive: Canada's Trans Mountain pipeline lowers forecasts for amount of oil it ships

Canada's Trans Mountain oil pipeline has downgraded forecasts for the amount of oil expected to flow through its system over the next three years, documents filed by the operator show, as use of the newly expanded pipeline increases more slowly than expected.

02/04 Top cases before the US Supreme Court

The U.S. Supreme Court's current term includes cases involving guns, gender-affirming medical care for transgender minors, online pornography, religious rights, TikTok, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory powers on nuclear waste storage and vape products, voting rights and more.

02/04 Exclusive: India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say

India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters.

02/04 German wind farms asked to install radar amid security concerns

Wind farms off the northern German coast have been asked to install radar facilities in an attempt to boost surveillance of ships and drones, the federal maritime authority said on Wednesday.

02/04 Kremlin says Caspian pipeline oil export infrastructure restricted after Ukrainian drone attacks

Russian restrictions were imposed Black Sea oil export infrastructure from the Caspian pipeline (CPC) due to Ukrainian drone attacks on the pipeline's infrastructure, the Kremlin said on Wednesday.

02/04 Russia imposes further restrictions on Black Sea oil export ports

Russia, the world's second-largest oil exporter, on Wednesday imposed restrictions on another major oil export route, suspending a mooring at the Black Sea port of Novorossiisk only a day after restricting loadings from a key Caspian pipeline.

02/04 US natural gas prices brace for impact from tariff crossfire: Maguire

U.S. natural gas prices are already up by around 80% from a year ago, but are due for a fresh jolt from the knock-on effects of the latest round of trade tariffs imposed by the U.S. government on goods entering the country.

02/04 China to launch grid-connected car projects to balance power supply

China plans to launch pilot projects in nine cities that would use the country's growing fleet of electric vehicles as batteries to shore up power supply on the grid during spikes in demand, according to a government announcement on Wednesday.

01/04 US first-quarter auto sales get a lift from looming Trump tariffs

U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump's tariffs on auto imports, which could raise prices by thousands of dollars.

01/04 Russian order slashes Kazakh oil export capacity amid OPEC+ row

Russia has ordered the Black Sea terminal handling Kazakhstan's oil exports pumped by U.S. majors Chevron and Exxon Mobil to close two of its three moorings amid a standoff between Kazakhstan and OPEC+ over excess production.

01/04 Tesla car sales in France, Sweden drop to lowest first-quarter in four years

Tesla's sales in France and Sweden fell year-on-year for a third consecutive month in March, contributing to the lowest first-quarterly sales figures in the two countries since 2021 for Elon Musk's electric car brand, data showed on Tuesday.

01/04 Finland's last active coal-fired power and heat plant shuts down

Finland's last coal-fired power and heat plant in active production will shut down permanently on Tuesday, enabling Helsinki energy group Helen to cut its emissions and put an end to rising energy costs for its customers, its chief executive said.

31/03 Volvo goes back to car industry basics with surprise CEO switch

Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars, analysts and investors said.

31/03 Exclusive: White House weighs executive order to fast-track deep-sea mining, sources say

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations.

31/03 Northvolt bankruptcy trustee secures agreement for scaled-down operation

Northvolt's bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company to maintain a scaled-down continuation of operations.

31/03 Exclusive: Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say

Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday.

31/03 Growing wildfire in eastern California prompts evacuations, Cal Fire says

A rapidly growing wildfire in California's Eastern Sierra region burned through 1,000 acres and forced evacuations in multiple counties, the California Department of Forestry and Fire Protection (Cal Fire) said on Sunday.

31/03 Dude, where's my car? Toyota buyers face long waits amid hybrid boom

Soaring demand for Toyota's gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation.

30/03 Uganda signs deal with UAE investment firm over oil refinery

Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni's office said in a statement.

28/03 Venezuela's PDVSA to cut office hours as power crisis worsens

Venezuelan state-run oil firm PDVSA will cut office hours for its administrative workers, an internal document seen by Reuters showed, following an energy-saving order by the government amid a worsening power crisis.

28/03 Exclusive: Alaska Governor to brief Trump on Asia gas push as tariffs bite

Alaska's governor said he will brief U.S. President Donald Trump's administration after returning from Japan next week on progress securing Asian backing for a natural gas project that has become part of a broader discussion on trade and tariffs.

28/03 Toyota's global output rises for second month in February on solid Japan sales

Toyota Motor said on Friday its global production rose for the second consecutive month in February, driven by higher output and stronger sales in Japan after recovering from a certification scandal in its home market last year.