Month: July 2021

Siemens and Fluence to build renewables-integrating 100MW/200MWh battery project in Germany

By Andy Colthorpe Siemens has signed a letter of intent for the construction of a turnkey 100MW / 200MWh large-scale battery energy storage system (BESS) in Wunsiedel, northern Bavaria, Germany. Siemens Smart Infrastructure, a business unit of the engineering giant which focuses on smart and digital energy, industry and building solutions signed the letter with …

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FERC issues preliminary permit for 2.65GW pumped hydro storage plant in Washington

By Andy Colthorpe A proposed 2,650MW pumped hydro energy storage project in Washington State has received a preliminary permit from the US Federal Energy Regulatory Commission (FERC). Developer Daybreak Power said yesterday that its US$4.9 billion Halverson Canyon Pumped Storage project received the favourable regulatory decision just before the end of June. The project would …

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Putin hails Russia’s air power as new fighter goes on view

By VLADIMIR ISACHENKOV MOSCOW (AP) — Russian aircraft makers on Tuesday unveiled a prototype of a new fighter jet that features stealth capabilities and other advanced characteristics and will be offered to foreign buyers Russian President Vladimir Putin inspected the prospective warplane displayed with much fanfare at the MAKS-2021 International Aviation and Space Salon, which …

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Column: Developing nations need help to quit coal addiction: Kemp

By John Kemp LONDON, July 20 (Reuters) – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net zero emissions by 2050. Coal, which is being phased out …

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U.S. accuses Iran of trying to deflect blame for nuclear talks impasse

By Reuters WASHINGTON/CAIRO, July 17 (Reuters) – The United States on Saturday accused Tehran of an “outrageous” effort to deflect blame for the impasse in Iran nuclear talks and denied that any agreement had been reached on a prisoner swap. Iran’s chief nuclear negotiator, Abbas Araqchi, said earlier on Twitter that the next round of …

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European stocks claw back some losses, helped by miners, UBS

By Sruthi Shankar (Reuters) – European stocks stabilised on Tuesday after their worst sell-off this year in the previous session, helped by a handful of positive corporate earnings and production updates from miners. The pan-European STOXX 600 index rose 0.5%, after worries about the fast-spreading coronavirus Delta variant and slowing economic growth had knocked 2.3% off …

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Crypto firm trading raises $900 mln at $18 bln valuation

By Reuters Staff July 20 (Reuters) – FTX Trading Ltd said on Tuesday it had raised $900 million in a funding round that valued the owner of the FTX.COM cryptocurrency exchange at $18 billion. (Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni) Source: Crypto firm FTX Trading raises $900 mln at $18 bln valuation …

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PRECIOUS-Gold listless as resilient dollar curbs safe-haven buying

By Nakul Iyer -Dollar firms near multi-month highs -Swiss gold exports to China ease (Recasts, adds comment and updates prices) July 20 (Reuters) – Gold was subdued in volatile trade on Tuesday as the dollar strengthened, curbing inflows into the safe-haven metal despite some concerns over a surge in COVID-19 cases. Spot gold was little changed …

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US STOCKS-Wall Street reverses losing streak on renewed hopes of economic revival

By Stephen Culp (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Banks, small caps, transports outperform Halliburton up on rebounding oilfield services demand Netflix, United Airlines, Chipotle earnings on tap -Indexes up: Dow 1.75%, S&P 1.64%, Nasdaq 1.64% (Updates to late afternoon; changes …

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